An American company that makes plastic garden furniture wants to market its products in a foreign country that has a high tariff barrier against imported plastic goods.One way the company can get around this problem is to _____.

Question

Quizplus · Accepted Answer

Entering into a licensing agreement with companies within the foreign country to produce the furniture there allows the American company to bypass the high tariff barrier by manufacturing the products locally rather than importing them.

An American Company That Makes Plastic Garden Furniture Wants to Market