Which of the following provides exclusive rights to produce a product for another firm, thereby avoiding transportation costs and tariffs?
A) Licensing arrangement
B) Strategic alliance
C) Foreign direct investment
D) Independent agent
E) Branch office
Answer: A
Explanation: A) In licensing arrangements, firms give foreign companies exclusive rights to manufacture or market their products in that market.
Business
You might also like to view...
Which of the following statements about the Web is not true?
A) The Web is the technology upon which the Internet is based. B) The Web was the original "killer app." C) The Web provides access to pages written in HyperText Markup Language. D) The Web is both a communications infrastructure and an information storage system.
Business
List two techniques that could help you become an active and effective listener
Business