Noggin Development Corporation, a U.S. firm, wishes to participate, but limit its involvement, in Middle Eastern markets. Noggin empowers Ousai, Ltd., a Dubai firm, to enter into contracts in certain countries on Noggin's behalf. This is

A. a distribution agreement.
B. an agency relationship.
C. indirect exporting.
D. licensing.


Answer: B

Business

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Fill in the blank(s) with correct word

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Indicate whether the statement is true or false

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Standard costs for company products are typically used for all except

A) variance analysis and cost control. B) computing production costs in operating budgets. C) determining the actual cost of direct materials and direct labor used in production. D) comparing the production costs for performance measurement purposes.

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Giving followers specific instructions about their tasks, providing deadlines, setting standards for performance, and explaining rules is known as ______.

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Business