Which of the Following Involves Producing Goods at Home and Then

question 116

Multiple Choice

Which of the following involves producing goods at home and then shipping them to the receiving country for sale?

• A)Outsourcing
• B)Licensing
• C)Franchising
• D)Exporting
• E)Diversifying

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Definitions:

Automobile Dealership

A business that sells new or used cars at the retail level, based on a dealership contract with an automaker.

Likely Used

Refers to items or methods that are commonly adopted or employed due to their effectiveness or efficiency.

Gross Profit

The amount by which sales revenue exceeds the cost of goods sold, prior to subtracting expenses such as overheads, payroll taxes, and interest.

Operating Expenses

Costs related to the day-to-day operations of a business, excluding the cost of goods sold.