________ Is an Ideal Strategy for Small Businesses with Few

question 75

Multiple Choice

________ is an ideal strategy for small businesses with few financial and managerial resources for direct investment abroad.

• A)A joint venture
• B)Licensing
• C)Offshoring
• D)A turnkey operation

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Definitions:

Postindustrial Countries

Nations that have transitioned from an economy based on manufacturing to one dominated by services, information, and technology.

United States

A federal republic composed of 50 states, a federal district, five major self-governing territories, and various possessions, known for its significant influence in global affairs politically, economically, and culturally.

Religious

Pertaining to or connected with the belief in and worship of a superhuman controlling power, especially a personal God or gods.

Material Conditions

The physical and economic factors that determine an individual's way of life, including income, employment, and access to resources.