T.I.P Ltd. was featured on the Discovery Channel for its ability to encapsulate very fragile natural items into a solid clear medium. After the Discovery Channel feature,T.I.P's customer base expanded beyond Canada. T.I.P started selling its products all over North America,Europe,Asia,and the Caribbean. What is T.I.P's expansion of sales to other countries an example of?
A)foreign direct investment
B)franchising
C)licensing
D)exporting

Question

T.I.P Ltd. was featured on the Discovery Channel for its ability to encapsulate very fragile natural items into a solid clear medium. After the Discovery Channel feature,T.I.P's customer base expanded beyond Canada. T.I.P started selling its products all over North America,Europe,Asia,and the Caribbean. What is T.I.P's expansion of sales to other countries an example of?
A)foreign direct investment  
B)franchising  
C)licensing  
D)exporting

Quizplus · Accepted Answer

T.I.P's expansion of sales to other countries is an example of exporting, which refers to the sale of goods and services from a domestic company to a foreign country.

TIP Ltd Was Featured on the Discovery Channel for Its Ability