After Exporting,the Next Level of Commitment a Firm Can Make

question 34

Multiple Choice

After exporting,the next level of commitment a firm can make to a foreign market is a contractual agreement.Two of the most common types of such agreements are .

• A)contract manufacturing and strategic alliances
• B)warehousing and financing
• C)licensing and franchising
• D)contract manufacturing and contract marketing
• E)joint ventures and franchising

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Definitions:

Random Variable

A variable whose numerical values result from a random phenomenon or statistical experiment.

Constant

In mathematics and statistics, a fixed value that does not change within the scope of a given problem.

Interval

A range between two numbers or points, often used to specify a period of time or a statistical range.

Standard Normal Distribution

A specific probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean.