When a Company Uses Agencies in the Home Country to Get

question 86

Multiple Choice

When a company uses agencies in the home country to get products into foreign markets, this is known as:

• A) indirect market entry.
• B) direct market entry.
• C) franchising.
• D) licensing.
• E) contract manufacturing.

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Definitions:

LIFO

Last In, First Out, an inventory valuation method where the last items placed in inventory are the first ones sold.

Inventory Turnover

A financial ratio that measures how many times a company's inventory is sold and replaced over a given period, indicating the efficiency of inventory management.