The Cost to Enter a Foreign Market Would Be Highest

question 11

Multiple Choice

The cost to enter a foreign market would be highest in which of the following methods of global expansion?

• A) Joint ventures.
• B) Licensing.
• C) Exporting.
• D) Overseas production.

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Definitions:

Risk Aversion

A behavioral trait or tendency to avoid taking risks, preferring options that are perceived as safer or have more predictable outcomes.

Error Management Theory

A theory that suggests humans have evolved biases in judgment and decision-making processes to minimize the cost of errors in uncertain situations, favoring the less costly error.

Enthusiasm

Intense and eager enjoyment, interest, or approval.

English Exam

A test or assessment designed to evaluate knowledge, understanding, and competency in the English language.