If a Company Sets Up a Subsidiary Abroad to Move

question 4

Multiple Choice

If a company sets up a subsidiary abroad to move some of its production overseas, then we talk of:

• A)Captive marketing
• B)Captive offshoring
• C)Captive outsourcing
• D)Captive management

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Definitions:

Port

A location on a coast or shore containing harbors where ships can dock and transfer people or cargo to or from land.

CIF

An international commercial term (Incoterm) meaning "Cost, Insurance, and Freight," indicating the seller must cover these costs to the point of destination specified.

Marine Insurance

Insurance coverage that protects against the loss or damage of ships, cargo, terminals, and any transport by which property is transferred, acquired, or held between the points of origin and final destination.

Port of Shipment

The port of shipment is the specific location where goods are loaded onto a shipping vessel for export.