Josh Adams Runs a Large Cattle Farm in Texas

question 262

Multiple Choice

Josh Adams runs a large cattle farm in Texas.In order to take advantage of higher prices for beef in Europe,as compared to the United States,Josh has started selling cattle overseas by using an agent wholesaler who specializes in finding European customers for U.S.firms.He ships the cattle to Europe by water transport.Josh is engaged in

• A)exporting.
• B)management contracting.
• C)licensing.
• D)joint venturing.
• E)franchising.

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Definitions:

Economic Analyses

The systematic approach to determining the optimum use of scarce resources, involving comparison of two or more alternatives in achieving a specific objective under the given assumptions and constraints.

Numerical Values

Quantitative data represented by numbers.

Metric

A standard unit of measurement or a quantifiable indicator used to assess, compare, or track performance or efficiency.

Measures

Quantitative or qualitative assessments or comparisons of different aspects of a concept or thing.