Asked by Elizabeth Hubbard on Jun 18, 2024
Verified
Sunil,CEO of Chem Globe International (CGI) ,has recognized the financial opportunities in China.Sunil has hired a foreign freight forwarder to coordinate selling CGI's products outside the United States.CGI is now involved in _____.
A) overseas marketing
B) international production
C) direct exporting
D) foreign licensing
Direct Exporting
Selling products directly to consumers or retailers in another country, without the use of an intermediary.
Overseas Marketing
The practice of promoting and selling products or services in foreign countries beyond the company's home market.
- Develop an understanding of the principles of international trade agreements and their ramifications for global economic activities.
Verified Answer
MB
marquel boldenJun 19, 2024
Final Answer :
C
Explanation :
By hiring a foreign freight forwarder to coordinate selling CGI's products outside the United States, CGI is directly exporting its products to international markets. This means the company is selling its products in foreign countries without the involvement of intermediaries in the home country.
Learning Objectives
- Develop an understanding of the principles of international trade agreements and their ramifications for global economic activities.
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