A Medium-Sized Hardware Manufacturer Wants to Become Deeply Involved in Exporting

question 7

Multiple Choice

A medium-sized hardware manufacturer wants to become deeply involved in exporting, but it does not yet wish to actually manufacture any of its products overseas. The company wants to maintain control over its sales while gaining experience in foreign markets. Which option would be best for this company?

• A) selling its products outright to an export/import merchant
• B) hiring an export/import agent to assist with foreign sales
• C) developing totally owned facilities in a foreign market
• D) establishing its own sales offices in foreign countries

---

Definitions:

Personal Ethics

An individual's moral principles and values that govern their behaviors and decision-making processes.

Culture and Religion

The set of shared attitudes, values, goals, and practices that characterizes an institution, organization, or group, often intertwined with belief systems and faith traditions.

Crowdfunding

The practice of funding a project or venture by raising small amounts of money from a large number of people, typically via the internet.

Virtual Reality

Virtual Reality is an immersive digital environment that simulates physical presence in real or imagined worlds, often interacted with through special electronic equipment like headsets.