The process of purchasing materials, component parts, or business services from different countries around the world is known as ___.
A) exporting/importing
B) licensing
C) global sourcing
D) direct investment
E) joint venture

Question

Quizplus · Accepted Answer

Global sourcing refers to the process of purchasing materials, component parts, or business services from different countries around the world. Exporting/importing refers to buying/selling goods or services across international borders, licensing refers to granting permission to use intellectual property, direct investment refers to investing in foreign companies, and joint venture refers to a business partnership between two or more entities. Therefore, the best choice is C.

The Process of Purchasing Materials, Component Parts, or Business Services