How Do the Vast Majority of Services Enter a Foreign

question 21

Multiple Choice

How do the vast majority of services enter a foreign market?

• A) Exporting.
• B) Importing.
• C) Licensing, franchising, or direct investment.
• D) Through brokers.
• E) Through agent intermediaries.

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Definitions:

Specification of Heirs

is the process or legal document in which a person designates who will inherit their assets after death.

Nuncupative Will

An orally delivered will, often made in anticipation of imminent death, and usually requiring witnesses, with legal recognition varying by jurisdiction.

Notarial Will

A will that is drafted and executed with formalities dictated by law, often involving a notary and witnesses.

Holographic Will

a will written entirely in the handwriting of the person making it (testator), typically not witnessed, and subjected to specific legal requirements to be considered valid.