Allowing a Foreign Organization to Take Charge of Manufacturing and Distributing

question 18

Multiple Choice

Allowing a foreign organization to take charge of manufacturing and distributing a product in its country or world region in return for a negotiated fee is referred to as:

• A)Licensing
• B)Franchising
• C)Strategic alliance
• D)Joint venture
• E)Diversification

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Definitions:

Physical Health

The condition of a person's body, including the absence of illness or injury, often maintained through regular exercise, a balanced diet, and adequate rest.

Middle Life

A period of human life, typically between young adult and old age, marked by the presence of mid-life transitions and reevaluations.

Ageism

Prejudice or unfair treatment towards people due to their age, directed at individuals or groups.

Collectivist Cultures

Societies or groups where individuals prioritize the goals, norms, and values of the group over personal interests or desires.