Which of the Following Best Compares Licensing and Exporting as Tools

question 68

Multiple Choice

Which of the following best compares licensing and exporting as tools for entering foreign markets?

• A) Licensing and exporting are both low-risk methods, but licensing is not as simple as exporting.
• B) Licensing is riskier and more complicated than exporting.
• C) Exporting is much riskier and more complicated than licensing.
• D) Licensing and exporting are both low-risk, but exporting is more complicated.
• E) Licensing and exporting are both complicated and expensive methods.

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Definitions:

Directing

The process by which managers, given their assigned level of responsibilities, run day-to-day operations.

Controlling

In management, it refers to the process of setting standards, measuring actual performance, and taking corrective action to ensure the achievement of an organization's objectives.

Budgeted Goals

Objectives set during the budgeting process that financial and operational plans aim to achieve within a specific time frame.

Cash Budget

A cash budget is a financial plan that estimates the cash inflows and outflows over a specific period, helping businesses manage their liquidity and financial stability.