If a Business Wants to Have a Bigger Presence in International

question 117

Multiple Choice

If a business wants to have a bigger presence in international markets, which of the following production options should it consider?

• A) a franchise agreement
• B) a joint venture
• C) licensing agreement
• D) a joint venture or a licensing agreement
• E) a franchise agreement or a joint venture or a licensing agreement

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Definitions:

Commercial Invoice

A document used in international trade that details the price, type, and quantity of goods shipped, serving as a demand for payment.

Contract of Affreightment

An agreement between a ship-owner and a charterer to transport goods in a specified quantity over a set period of time without designating a specific vessel.

Bill of Lading

A legal document between a shipper and carrier; it details the type, quantity, and destination of the goods being carried.

Negotiable Instrument

An instrument in writing that, when transferred in good faith and for value without notice of defects, passes a good title to the instrument to the transferee.