Refer to the scenario below to answer the following questions.
International Entrepreneurs (Scenario)
Jennifer and James have formed an entrepreneurial venture to develop software for banks and other financial institutions. Their company is growing, but in looking for opportunities in the future, they decide to explore international operations.
-A new and exciting opportunity has appeared that enables Jennifer and James to form a joint venture with a bank in Japan. This partnership will involve less risk and commitment than __________.
A) exporting
B) global sourcing
C) setting up a foreign subsidiary
D) licensing
E) franchising

Question

Quizplus · Accepted Answer

Setting up a foreign subsidiary involves a greater level of commitment and risk than forming a joint venture with a bank in Japan. Exporting, global sourcing, licensing, and franchising also involve different levels of risks and commitment, but they are not relevant to the situation mentioned in the scenario.

Refer to the Scenario Below to Answer the Following Questions