Asked by Kailyn Holmes on Jun 10, 2024
Verified
Selling domestically produced products to foreign markets is called
A) franchising.
B) exporting.
C) licensing.
D) international marketing.
E) countertrade.
Exporting
The act of selling goods or services produced in one country to buyers in another country.
Domestically Produced Products
Goods manufactured within a country's borders, emphasizing local production and sourcing.
Foreign Markets
Markets outside a company’s home country where it can engage in trade, including exporting, importing, and producing goods or services.
- Gain insight into the diverse approaches of venturing into global markets along with their associated commitments and risks.
- Understand methods for international business expansion, such as exporting, licensing, and obtaining direct ownership.
Verified Answer
Learning Objectives
- Gain insight into the diverse approaches of venturing into global markets along with their associated commitments and risks.
- Understand methods for international business expansion, such as exporting, licensing, and obtaining direct ownership.
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