Refer to the Scenario Below to Answer the Following Questions

question 79

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.
-Jennifer and James decide to allow a company in Hong Kong to use the rights to their software, its brand name, and product specifications in return for a fee based on sales. This agreement best illustrates which of the following international expansion strategies?

• A) global sourcing
• B) export alliance
• C) licensing
• D) foreign subsidiary
• E) joint venture

---

Definitions:

Civil Libertarians

Advocates or defenders of the rights and freedoms guaranteed to individuals by law, particularly those related to the protection of civil liberties against government infringement.

Department of Justice

A federal executive department of the U.S. government responsible for the enforcement of the law and administration of justice.

Basic Freedoms

Basic freedoms are fundamental rights or liberties considered essential for human dignity and social development, often protected by law, including freedom of speech, religion, press, assembly, and petition.

Major Recession

Refers to a significant period of economic decline across a country or the world, marked by high unemployment rates, falling stock markets, and reduced industrial production.