The process of purchasing materials, component parts, or business services from different countries around the world is known as ___.

A) exporting/importing
B) licensing
C) global sourcing
D) direct investment
E) joint venture

Question

Samantha Langley-Campos · Accepted Answer

Final Answer : C, Explanation :  Global sourcing refers to the process of purchasing materials, component parts, or business services from different countries around the world. Exporting/importing refers to buying/selling goods or services across international borders, licensing refers to granting permission to use intellectual property, direct investment refers to investing in foreign companies, and joint venture refers to a business partnership between two or more entities. Therefore, the best choice is C.

The process of purchasing materials, component parts, or business services from different countries around the world is known as ___.

A) exporting/importing
B) licensing
C) global sourcing
D) direct investment
E) joint venture

Definitions

Learning Objectives

Learning Objectives

Related questions

The process of purchasing materials, component parts, or business services from different countries around the world is known as ___.A) exporting/importingB) licensingC) global sourcingD) direct investmentE) joint venture

Definitions

Learning Objectives

Learning Objectives

Related questions

The process of purchasing materials, component parts, or business services from different countries around the world is known as ___.

A) exporting/importing
B) licensing
C) global sourcing
D) direct investment
E) joint venture