__________ Is an Arrangement by Which an Organization in Another

question 14

Multiple Choice

__________ is an arrangement by which an organization in another country buys the rights to manufacture another organization's product in its own country for a negotiated fee.

• A) Franchising
• B) International licensing
• C) Entering a joint venture
• D) Exporting
• E) Royalty facilitation

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Definitions:

Pacific Ocean

The biggest and most profound ocean on Earth, situated between the Americas in the east and Asia and Australia in the west.

Motorists

Individuals who operate cars or other motor vehicles.

Speed Limit

The maximum legal speed at which vehicles may travel on a particular road or in a specific area.

Gas Mileage

A measure of how many miles a vehicle can travel on a gallon of gasoline, often used as an indicator of fuel efficiency.