When goods produced in one country are sold to customers in foreign countries, it is called

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Quizplus · Accepted Answer

Exporting refers to the sale of goods from one country to another. It does not involve establishing a physical presence in the foreign country, unlike direct foreign investment or joint ventures. Licensing involves granting permission to a company in a foreign country to use a company's intellectual property, rather than selling goods directly. Domestic expansion refers to expanding within the same country, not internationally.

When Goods Produced in One Country Are Sold to Customers