A form of low risk and capital-free entry into international markets that includes local manufacturing and local assembly is referred to as
A)indirect exporting.
B)direct ownership.
C)joint ventures.
D)licensing.
E)direct exporting.

Question

Quizplus · Accepted Answer

Licensing is a low-risk and capital-free entry strategy where a company allows a foreign company to produce its product in exchange for a fee or royalty, often involving local manufacturing and assembly.

A Form of Low Risk and Capital-Free Entry into International