Which of the Following Describes a Company Hiring a Foreign

question 166

Multiple Choice

Which of the following describes a company hiring a foreign firm to produce a designated volume of its product to specification?

• A) Licensing
• B) Contract manufacturing
• C) Exporting
• D) Importing
• E) Direct investment

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Definitions:

Attitudes

A psychological tendency that is expressed by evaluating a particular entity with some degree of favor or disfavor.

Lasting Changes

Refers to permanent or enduring alterations in an individual, system, or environment over time.

Social Psychology

The scientific study of how individuals think, influence, and relate to one another within a social context.

Developmental Psychology

A branch of psychology that studies how people grow and change over the course of their life, from infancy to old age.