In _____, the Foreign Firm Buys the Rights to Use

question 138

Multiple Choice

In _____, the foreign firm buys the rights to use another's name and operating methods in its home country.

• A) insourcing
• B) franchising
• C) global sourcing
• D) exporting
• E) offshoring

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Definitions:

Environmental Factors

External conditions and influences that affect the operation, performance, and strategy of organizations.

HRM Practices

The activities and strategies that human resource management professionals employ to manage and develop an organization's workforce.

Low-Cost Provider Strategy

A competitive strategy focusing on producing goods or services at the lowest cost compared to competitors to attract price-sensitive customers.

Differentiation Strategy

A business approach in which a company seeks to distinguish its products or services from competitors through unique features.