What Would Be the Preferred Mode of Market Penetration for the Firm

question 28

Multiple Choice

What would be the preferred mode of market penetration for the firm seeking to expand globally when the company wants to market its patent?

• A)Licensing
• B)Exporting
• C)Setting up local facilities
• D)Setting up a foreign sales office

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Definitions:

Routine Inspections

Regular, scheduled examinations or checks of equipment, facilities, or processes to ensure they are in good condition and comply with standards.

Depot Service

A support service that repairs and maintains equipment at a central location outside the customer's premises.

Maintenance Department

A division within an organization responsible for the upkeep, repair, and smooth operation of equipment and facilities.

System's Equipment

The machines, tools, and technology required for the operation and maintenance of a system or facility.