Refer to the Scenario Below to Answer the Following Questions

question 23

Multiple Choice

Refer to the scenario below to answer the following questions.
International Entrepreneurs (Scenario)
Jennifer and James have formed an entrepreneurial venture to develop software for banks and other financial institutions. Their company is growing, but in looking for opportunities in the future, they decide to explore international operations.
-A new and exciting opportunity has appeared that enables Jennifer and James to form a joint venture with a bank in Japan. This partnership will involve less risk and commitment than __________.

• A) exporting
• B) global sourcing
• C) setting up a foreign subsidiary
• D) licensing
• E) franchising

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Definitions:

Costs

Costs represent the monetary value required for the production of goods or services, including expenses related to materials, labor, and overhead.

Timeliness

The quality of occurring at a favorable or useful time, especially in the context of making decisions or taking actions without unnecessary delay.

Ethical Soundness

The quality of being morally correct and making decisions based on strong ethical principles and reasoning.

Ethical Standards

Guidelines that dictate the conduct considered acceptable and morally right in a professional or organizational setting.