Asked by
Sarai Perez
on Oct 22, 2024
Verified
Ronald is planning to expand his family business internationally and is currently in the process of purchasing materials, manufacturing components, and locating business services around the world. Which of the following best describes his actions?
A) global sourcing
B) insourcing
C) licensing
D) franchising
E) outsourcing
Global Sourcing
The practice of sourcing goods and services from the global market, aiming to exploit global efficiencies in the delivery of a product or service.
- Enumerate the differences between multiple international business transaction types, such as exporting, importing, granting licenses, franchising, and engaging in direct investments.
Verified Answer
DT
Learning Objectives
- Enumerate the differences between multiple international business transaction types, such as exporting, importing, granting licenses, franchising, and engaging in direct investments.
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