Which of the following is an example of the process of exporting?
A) Allied Pharmacy receiving royalty payment from Wings Pharmacy for allowing it to produce and sell its trademark cough syrup
B) TechnoDorm, a manufacturer of mobile devices, licensing its entire business to DreamyTech
C) FootSoul, a U.S.-based shoe manufacturing company, selling its shoes in the U.S., Germany, and France
D) BiteSweet Inc. and NutriPack Inc. collaborating to form a new company, BitePack Inc., which manufactures energy bars

Question

Quizplus · Accepted Answer

Exporting refers to the process of selling goods or services produced in one country to customers located in another country. FootSoul, a U.S.-based shoe manufacturing company selling its shoes in the U.S., Germany, and France is an example of exporting. Option A refers to a royalty payment, Option B refers to licensing, and Option D refers to collaboration to form a new company, none of which involve the process of exporting.

Which of the Following Is an Example of the Process