TIP Ltd Was Featured on the Discovery Channel for Its Ability

question 128

Multiple Choice

T.I.P Ltd. was featured on the Discovery Channel for its ability to encapsulate very fragile natural items into a solid clear medium. After the Discovery Channel feature,T.I.P's customer base expanded beyond Canada. T.I.P started selling its products all over North America,Europe,Asia,and the Caribbean. What is T.I.P's expansion of sales to other countries an example of?

• A)foreign direct investment  
• B)franchising  
• C)licensing  
• D)exporting

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Definitions:

Financial Institutions

Organizations that provide financial services, including banks, credit unions, insurance companies, and investment firms, to individuals and businesses.

Foreign Banks

Banking institutions that operate in a country but are headquartered or originated in another country.

Store of Value

An asset that can be saved, retrieved, and exchanged at a later time without significant loss of value.

Money

A medium of exchange, a unit of account, and a store of value, used to facilitate transactions.