The Simplest Way for a U

question 64

True/False

The simplest way for a U.S. firm to do business in a foreign market is to export its products directly to that market.

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Definitions:

Inventory Supplies

Items or materials kept on hand by a business for the production process or for sale.

Unearned Revenue

Money received by a business for goods or services yet to be provided, recorded as a liability until earned.

Liability Account

An accounting record that shows the current and future financial obligations a company owes to others.

Asset Account

An account on a company's balance sheet that represents a resource controlled by the company from which future economic benefits are expected.