In Relation to International Marketing, Which of the Following Best

question 33

Multiple Choice

In relation to international marketing, which of the following best describes direct ownership?

• A) A company owns its own manufacturing facilities.
• B) A company forms an alliance with a similar company in a foreign country.
• C) Foreign companies contract with manufacturers in other countries.
• D) A company owns subsidiaries or facilities in foreign countries.
• E) Two companies from different nations have interests in each other's facilities.

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Definitions:

Periodic Inventories

An inventory system where the inventory count is conducted at specific intervals to determine the cost of goods sold and ending inventory levels.

Closing Inventories

The total value of unsold goods and materials that a company holds at the end of its financial year, which is recorded as a current asset in the balance sheet.

Product Obsolescence

Occurs when a product becomes outdated and is no longer needed or wanted by consumers, often due to technological advances.

Physical Deterioration

The gradual loss of an asset's functional utility or value due to wear and tear or aging.