The Three Forms of International Business Are Exporting,importing,and Licensing

question 56

True/False

The three forms of international business are exporting,importing,and licensing.

---

Definitions:

Available Seat

A term often used in the transportation industry, referring to a seat that is unoccupied and can be reserved or purchased by a customer.

Load Factor

A measurement used in transportation to assess the efficiency of a carrier by comparing the amount of utilized space or weight capacity versus the total available.

Operating Expense

Expenses incurred during the normal functioning of a business, excluding the cost of goods sold and fixed costs.

Yield

The amount of product or profit produced from a particular investment or process, measured in terms of return on investment or output per unit of input.