When Entering a Foreign Market, Mountain Stream Brewery Entered into an Agreement

question 302

Multiple Choice

When entering a foreign market, Mountain Stream Brewery entered into an agreement with a local firm to brew and market Mountain Stream's beer. This is an example of

• A) licensing.
• B) franchising.
• C) foreign direct investment.
• D) foreign subsidiaries.

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Definitions:

Masonry Firm

A business that specializes in the construction and repair of structures made from brick, stone, and similar materials.

Price

The financial sum needed for the purchase of a product or service.

Marginal Product

The change in output resulting from employing one more unit of a specific input, keeping all other inputs constant.

Bricklayers

Expert craftsmen specialized in using bricks, blocks, and various building materials to build or mend walls, partitions, arches, and additional structural elements.