A Form of Low-Risk and Capital-Free Entry into International Markets

question 36

Multiple Choice

A form of low-risk and capital-free entry into international markets that includes local manufacturing is referred to as

• A) indirect exporting.
• B) direct ownership.
• C) joint ventures.
• D) licensing.
• E) direct exporting.

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Definitions:

Utilitarian Justice

A principle in ethics and economics that a decision should be made so as to maximize overall happiness and reduce suffering among all people affected by the decision.

John Stuart Mill

A British philosopher and economist, known for his contributions to liberalism, utilitarianism, and political economy.

Income Redistribution

The policy or practice of adjusting the distribution of income in a society to achieve social or economic objectives.

Ideal Distribution

A theoretical distribution model that optimally allocates resources or products to meet demand efficiently.