_____ is not considered a nonequity arrangement. A)Turn-key projects B)Exporting C)Licensing D)Management contracts
Exporting: A)is the least popular method for going global. B)results in a lack of control over quality. C)results in an inability to realize location economies. D)can be direct or indirect.
_____ has the main disadvantages of high transportation costs,trade barriers,and problems with local marketing agents. A)Exporting B)Turn-key projects C)Licensing D)Franchising
Licensing is best described as: A)a nonequity method of international business in which an entrepreneur contracts his or her Management techniques and skills to a (foreign)purchasing company. B)a method of doing international business whereby a foreign entrepreneur supplies the manufacturing technology or infrastructure for a business and then turns it over to local owners. C)a method that involves giving a foreign manufacturer the right to use a patent,technology,production process,or product in return for the payment of a royalty. D)an equity partnership that involves selling patents to foreign governments.