SOLVED

Multiple Choice questions 21. _____ occurs when a business relocates or moves some or part of its operations to another country. a. Licensing b. Offshoring c. Franchising d. Insourcing e. Greenfield venturing 22. _____ involves contracting with another company to perform some business-related task. a. Franchising b. Greenfield venturing c. Co-working d. Outsourcing e. Licensing 23. A company decides to contract its payroll services to a local financial organization. This is an example of _____. a. offshoring b. co-working c. outsourcing d. licensing e. franchising 24. A(n) _____ market is one in which a product or service is sold only within the borders of that country. a. international b. domestic c. transnational d. multinational e. global 25. An international market is characterized by: a. its products or services being sold only within the borders of that country. b. its products and services being in high demand in the domestic markets too. c. its products being manufactured domestically and then sold overseas. d. its production and sale processes being rooted in overseas markets. e. the greatest sensitivity to the needs of the local markets. Â Â