Direct Exporting Is

question 88

Multiple Choice

Direct exporting is:

• A)when a firm sells its domestically produced goods in a foreign country without intermediaries.
• B)offering the right to a trademark, patent, trade secret, or similarly valued items of intellectual property in return for a royalty or fee.
• C)when a foreign country and a local firm invest together to create a local business.
• D)contracting with a foreign firm to manufacture products according to certain specifications.

---

Definitions:

Right Side

In accounting, typically refers to the credit side of a double entry bookkeeping system.

Asset Account

A financial account that tracks the value of assets owned by an individual, company, or entity.

Liability Account

A liability account records debts or obligations a company owes to others, appearing on the balance sheet.

Owner's Equity Account

An account on a company's balance sheet representing the owner's total interest in the business, after subtracting liabilities from assets.