The Best Method of Learning from Experience in International Business

question 177

Multiple Choice

The best method of learning from experience in international business is to

• A) enter into a licensing agreement.
• B) start exporting through an export merchant.
• C) start exporting through an export agent.
• D) invest directly in a foreign country.
• E) form a joint venture.

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Definitions:

Short-Term Storage

A memory storage system that briefly holds a limited amount of information in awareness.

Recency Effects

A cognitive phenomenon wherein the most recently presented items or experiences are more likely to be remembered than those presented earlier.

Primacy

The state of being first or foremost in importance or order, often affecting memory and perception.

Anterograde Amnesia

A condition where an individual cannot form new memories after the event that caused the amnesia, although memories from before the event remain intact.