When the Exporter Uses Indirect Exports to Reach International Markets

question 53

Multiple Choice

When the exporter uses indirect exports to reach international markets, the export process is:

• A) internalized.
• B) externalized.
• C) modified rebuy.
• D) just in time.

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Definitions:

Consideration

The value, which could be in the form of money, a promise, or effort, given in exchange for a contractual agreement.

Strict-Liability

A legal concept where a party is liable for damages caused by their actions, regardless of fault or intent, often applied in product liability cases.

Common Law

Also known as case law.

Common Carriers

Businesses or agencies that offer to transport goods or people for anyone willing to pay, under the regulation of laws that impose special obligations and liabilities.