An Entry Strategy in Which the Organisation Maintains Its Production

question 87

Multiple Choice

An entry strategy in which the organisation maintains its production facilities within its home country and transfers its products for sale in foreign markets is referred to as:

• A) franchising
• B) licensing
• C) exporting
• D) greenfield venture
• E) joint venture.

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Definitions:

Contracting Parties

The entities or individuals who enter into a contractual agreement, each undertaking obligations to be fulfilled as per the contract terms.

Trucking Line

A company engaged in the business of transporting freight over long distances using trucks.

Risk of Loss

The liability concern over who bears the loss if goods are damaged or destroyed during a transaction before the buyer receives them.

Tendered to the Buyer

The act of offering or presenting goods to a buyer in fulfillment of a contract or an order.