The process of making products domestically and selling them abroad is known as _ ___________.
A) exporting
B) joint ventures
C) importing
D) franchising

Question

Quizplus · Accepted Answer

Exporting refers to producing goods domestically and selling them to customers in foreign countries. Joint ventures involve two or more businesses coming together to create a new entity, importing refers to buying goods from foreign countries and bringing them into the domestic market, and franchising refers to licensing a business model and brand to another party in exchange for royalties or fees.

The Process of Making Products Domestically and Selling Them Abroad