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Author Question: After the global sourcing stage, companies that are going global often turn to exporting and ... (Read 707 times)

2125004343

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on: Jul 6, 2018
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.
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nickk12214

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Reply #1 on: Jul 6, 2018
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.


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