Global Sourcing, Exporting/importing, and Licensing/franchising Are Market-Entry Strategies for Conducting

question 22

True/False

Global sourcing, exporting/importing, and licensing/franchising are market-entry strategies for conducting international business.

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Definitions:

Operating Departments

The divisions within a company where the primary functions related to the production of goods or provision of services are carried out.

Direct Method

An accounting approach used to allocate service department costs directly to producing departments without considering services rendered between service departments.

First-In, First-Out

An inventory valuation method where the oldest stock is sold or used first.

Weighted-Average Methods

An inventory costing method that calculates the cost of goods sold and ending inventory based on the average cost of all units available during the period.