Most Service Firms Have Found That _____ with Local Partners

question 36

Multiple Choice

Most service firms have found that _____ with local partners work best for controlling subsidiaries.

• A) joint ventures
• B) licensing agreements
• C) greenfield investments
• D) turnkey projects

---

Definitions:

Vendor Managed Inventory

A supply chain agreement where the supplier assumes the responsibility of managing inventories and stock replenishment for the customer.

Continuous Replenishment Systems

A logistical strategy whereby inventory is continuously monitored and replenished to maintain optimal levels at all times.

VMI System

A collaborative strategy where suppliers take responsibility for managing inventory levels at the customer's site, often improving supply chain efficiency and reducing stocking costs.

Category Leader

Indicates a brand or product that dominates a specific category in terms of sales, customer preference, or market share.