Using an Agent That Is Based in the Home Country

question 7

Multiple Choice

Using an agent that is based in the home country to get a product into a foreign market is an example of:

• A) a greenfield operation.
• B) direct exporting.
• C) franchising.
• D) indirect exporting.
• E) strategic alliances.

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Definitions:

Lead Times

The duration between the initiation and completion of a process or project, often used in manufacturing and supply chain management to schedule production or deliveries.

Probability

The measure of the likelihood that an event will occur, expressed as a number between 0 and 1.

Large-Scale Simulations

Computational models used to replicate and analyze the behavior of complex systems under various scenarios on a large scale.

Computers

Electronic devices capable of performing complex calculations at high speeds, processing, and storing large amounts of data, and executing programmed instructions.