Which of the Following Statements Are True About Globalization Methods

question 34

Multiple Choice

Which of the following statements are true about globalization methods?

• A) International licensing involves the creation of a new company that is owned by two or more firms from different countries.
• B) Exporting involves contracts that allow a foreign company to use a domestic company's trademarks, patents, processes, or technology.
• C) Global sourcing involves the close coordination of research and development, purchasing, marketing, and manufacturing across national boundaries.
• D) A wholly owned international subsidiary is created when a foreign government owns 100% of the equity in a U.S. based firm.

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Definitions:

Business Incubators

Organizations designed to accelerate the growth and success of startup and early-stage companies by providing resources such as space, capital, coaching, and networking connections.

Loans

A sum of money that is borrowed and is expected to be paid back with interest.

Franchising

Contractual business arrangement between a manufacturer or other supplier, and a dealer such as a restaurant operator or retailer.

Recognizable Company Name

A business name easily identified or recalled by the public due to its distinctiveness or familiarity.