The process by which a manufacturer authorizes a foreign firm to use its technology,
trademark, etc. is known as
Indicate whether the statement is true or false.
Question 2The easiest way to get involved in international business with a minimum of capital outlay
is importing/exporting.
Indicate whether the statement is true or false.
Question 3Typically, the first type of international business in which most firms engage is licensing.
Indicate whether the statement is true or false.
Question 4Tanner Industries Inc. has manufacturing facilities in several countries, buys raw materials
on four continents, finances its operations through lending agencies in the host country,
and markets its products worldwide. Using the classification scheme in the text, Tanner
would be an international business.
Indicate whether the statement is true or false.
Question 5Ajax Inc. has most of its manufacturing operations in Germany, buys large quantities of raw
materials from countries in South America, and sells its products primarily n third world
countries. Applying the classification scheme used in the text, Ajax would be a
multinational business.
Indicate whether the statement is true or false.
Question 6A firm that acquires essentially all its resources and sells all its products or services within a
single country is called a domestic business.
Indicate whether the statement is true or false.
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