Which of the Following Is a Situation in Which Firms

question 77

Multiple Choice

Which of the following is a situation in which firms choose foreign individuals or organizations to manufacture or market their products for them in another country?

• A)Licensing arrangement
• B)Foreign agent
• C)Global representative
• D)Branch office
• E)Foreign direct investment

---

Definitions:

10-year Rule

A principle suggesting that it takes approximately 10 years of intensive practice or study to achieve mastery in a field or discipline.

Expert Performance

A high level of skill or knowledge in a particular area that significantly surpasses that of the average person.

Longitudinal Survey

A research design that involves repeated observations of the same variables (such as people) over short or long periods of time to detect changes and developments.

Intelligence Test Scores

Quantitative measures obtained from cognitive tests that assess various mental faculties, including memory, reasoning, and problem-solving skills.