Which One of the Following Is an Alternate And/or a Precursor

question 21

Multiple Choice

Which one of the following is an alternate and/or a precursor to setting up a production facility abroad?

• A)exporting
• B)setting up a sales subsidiary
• C)setting up a distribution system
• D)licensing

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Definitions:

Innovation

The creation, development, and implementation of new products, services, or processes that improve efficiency, effectiveness, or competitive advantage.

Product-Development

The process of bringing a new product or service to market, involving idea generation, design, development, and testing.

Metrics

Metrics are quantifiable measures used to track and assess the status of specific business processes, outcomes, or performance, aiding in decision-making and strategy refinement.

Input Metric

An indicator or measure used to assess specific aspects or performance within a system or process.