Many organizations,especially small businesses,start doing business globally by ________.
A)exporting and importing
B)licensing and franchising
C)hiring foreign brokers to represent their product line
D)forming joint ventures
E)establishing foreign subsidiaries

Question

Quizplus · Accepted Answer

Exporting and importing is often the easiest and most cost-effective way for small businesses to start doing business globally. It involves selling their products in foreign markets or purchasing materials and products from foreign suppliers. Licensing and franchising, hiring foreign brokers and forming joint ventures may be more complex and time-consuming processes, while establishing foreign subsidiaries requires significant financial resources and legal expertise.

Many Organizations,especially Small Businesses,start Doing Business Globally by ________