Howard is planning to expand his family business internationally,and is currently in the process of purchasing materials,manufacturing components,and locating business services around the world.Which of the following best describes his actions?

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Howard is engaging in global sourcing, which involves seeking out materials and goods from various locations around the world in order to expand a business internationally. Insourcing refers to the practice of performing business functions within a company rather than outsourcing them, licensing involves granting permission to use a company's intellectual property, franchising involves granting permission to operate a business using a company's business model and brand name, and outsourcing involves outsourcing business functions to third-party providers.

Howard Is Planning to Expand His Family Business Internationally,and Is