Significant Business Develops in Spain for Graphic Comix, Inc

question 28

Multiple Choice

Significant business develops in Spain for Graphic Comix, Inc., a U.S. firm. Graphic Comix appoints Comicas Graphico, Ltd., a Spanish firm, to act as Graphic Comix's marketing representative in Spain. This is

• A) ​a joint venture.
• B) ​franchising.
• C) ​indirect exporting.
• D) ​licensing.

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Definitions:

Commodification

The process of treating goods, services, ideas, or people as commodities, thus making them subject to trade in a market.

Nationalization

The process by which a government takes control of a previously private sector business or industry.

Political Freedom

The degree to which individuals are able to participate in the political life of their society without repression.

Evade Taxation

The illegal practice of avoiding the payment of taxes owed by using deceitful or unlawful means.