Which of the following is NOT a mode of entry in international business?
- Franchising
- Exporting
- Licensing
- Importing
Which mode of entry involves a company partnering with an existing local firm in the foreign market?
- Direct exporting
- Licensing
- Joint venture
Which mode of entry involves a company selling its products directly to customers in the foreign market?
- Franchising
- Contract manufacturing
- Direct exporting
What is the term for a mode of entry where a company grants another company in the foreign market the right to use its intellectual property, such as trademarks or patents?
- Joint venture
- Licensing
- Strategic alliance
Which mode of entry involves a company setting up its own operations, such as factories or offices, in the foreign market?
- Foreign direct investment (FDI)
- Exporting
- Outsourcing
What is the term for a mode of entry where two or more companies form an alliance to pursue opportunities together in international markets?
- Licensing
- Franchising
- Strategic alliance