After the global sourcing stage, companies that are going global ...

[2125004343]

After the global sourcing stage, companies that are going global often turn to exporting and importing goods across international borders.
 
  Indicate whether the statement is true or false.

Question 2

Licensing and franchising typically follow the export-import phase of globalization.
 
  Indicate whether the statement is true or false.

[nickk12214]

Answer to Question 1

Answer: TRUE
Explanation: Exporting and importing is often the second stage an organization passes through to go global.

Answer to Question 2

Answer: TRUE
Explanation: An example of licensing would be to sell the rights to bottle a well-known soft drink to a plant in another country. A franchise might allow restaurants to use a well-known chain's name and products in another country.