A Global Market Entry Strategy in Which a Foreign Company

question 135

Multiple Choice

A global market entry strategy in which a foreign company and a local firm invest together to create a local business in order to share ownership, control, and profits of the new company is referred to as

• A) licensing.
• B) a joint venture.
• C) direct exporting.
• D) contract assembly.
• E) dual adaptation.

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Definitions:

Patient-Visits

A metric used in healthcare management to quantify the number of times patients visit a healthcare facility.

Standard Cost

A predetermined cost of manufacturing, selling, and administrative activities, used as a benchmark to measure performance.

Variable Manufacturing Overhead

Costs in manufacturing that vary with the level of production output, such as materials and labor directly involved in production.

Direct Labor-hours

The total hours worked by employees directly involved in the manufacturing process or producing a service, often used as a basis for allocating overhead costs.