International Business Quiz

What is the process of purchasing products from other countries and reselling them in one's own?

• Licensing Agreement

• Exporting

• Franchise Agreement

• Importing

What type of agreement allows a foreign company to use a company's brand name and sell its products?

• Strategic Alliance

• Franchise Agreement

• Offshoring

• Joint Venture

What is the formal establishment of business operations on foreign soil called?

• Foreign Direct Investment (FDI)

• Offshoring

• Joint Venture

• International Contract Manufacturing

What is the process of selling products to foreign customers?

• Exporting

• Licensing Agreement

• Franchise Agreement

• Importing

What type of agreement allows a foreign company to sell a company's products or use its intellectual property in exchange for royalty fees?

• Strategic Alliance

• Joint Venture

• Franchise Agreement

• Licensing Agreement

What is the agreement between two companies to pool talent and resources to achieve business goals that benefit both partners called?

• Offshoring

• Franchise Agreement

• Joint Venture

• Strategic Alliance

What occurs when a company sets up facilities in a foreign country to produce goods that will be sent back to the United States for sale?

• Joint Venture

• Offshoring

• International Contract Manufacturing

• Foreign Direct Investment (FDI)

What is a specific type of strategic alliance in which a separate entity funded by the participating companies is formed to manage the alliance?

• Strategic Alliance

• Joint Venture

• Franchise Agreement

• Licensing Agreement

What is the term for a company that operates in many countries?

• Multinational Corporation (MNC)

• Foreign Subsidiary

• Offshoring

• Exporting

What is the common form of Foreign Direct Investment (FDI) where an independent company is owned by a foreign firm?

• Strategic Alliance

• Joint Venture

• Franchise Agreement

• Foreign Subsidiary