The two global market entry strategies in which a company forgoes control of its product and governmental bureaucracy may bog down the effort are __________, respectively.
A)exporting and licensing
B)licensing and joint venture
C)joint venture and direct investment
D)exporting and direct investment
E)exporting and joint venture

Question

Quizplus · Accepted Answer

Licensing and joint ventures are strategies where a company may forgo some control over its product. Licensing involves allowing another company to produce and sell products, while joint ventures involve partnering with another company, both of which can be affected by governmental bureaucracy.

The Two Global Market Entry Strategies in Which a Company