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Miranda Diamond
on Dec 13, 2024

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A form of low-risk and capital-free entry into international markets that includes local manufacturing is referred to as

A) indirect exporting.
B) direct ownership.
C) joint ventures.
D) licensing.
E) direct exporting.

Licensing

Involves granting permission to an individual or entity to use intellectual property, such as patents, trademarks, or technology, under agreed terms and conditions.

Low-Risk

Pertains to investments or decisions that have a relatively small chance of resulting in financial loss or negative outcomes.

Local Manufacturing

The production of goods within a specific geographic region, typically emphasizing the benefits of reduced transport costs, supporting local economies, and minimizing environmental impact.

  • Acquire knowledge on diverse methods of global market penetration.
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Akarshi singhDec 16, 2024
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