Asked by Kailyn Holmes on Jun 10, 2024

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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.
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LT
Lauren TurnerJun 15, 2024
Final Answer :
B
Explanation :
Exporting refers to the process of selling domestically produced products to foreign markets.