The least costly and least risky method for selling a product on the global market is:
A)licensing
B)contract manufacturing
C)importing
D)franchising
E)exporting

Question

Quizplus · Accepted Answer

Exporting is considered the least costly and least risky method for selling a product on the global market because it allows a company to enter foreign markets without the need for a significant investment in new production facilities or the creation of a local business entity. It also minimizes the risk associated with understanding local market laws and customs, as the company can sell its products directly or through local distributors.

The Least Costly and Least Risky Method for Selling a Product