Exporting and Licensing Are the Most Appropriate Ways for Smaller

question 49

True/False

Exporting and licensing are the most appropriate ways for smaller firms to first enter international markets.

---

Definitions:

Accounting Records

Documents that businesses use to track their financial transactions and maintain financial accountability.

Journal

A record where all financial transactions are initially noted before they are posted to individual accounts in the ledger.

Revenues

The total amount of money received by a company for goods sold or services provided during a specific period.

Net Income

The remaining profit of a company after it has paid all operational expenses and taxes from its revenue.