_____ Involves Sourcing a Product from a Producer Located in a Foreign

question 4

Multiple Choice

_____ involves sourcing a product from a producer located in a foreign country for sale there or in other countries.

• A)Contract manufacturing
• B)Exporting
• C)Franchising
• D)A joint venture
• E)A turnkey operation

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Definitions:

Enforceable Agreement

A legally binding contract that can be upheld and compelled by law in a court of justice.

Earnest

Serious in intention, purpose, or effort; sincerely zealous.

Sale of Goods Act

Legislation that regulates the sale of goods, ensuring rights, obligations, and remedies in commercial transactions, making sure products sold are as advertised and fit for purpose.