Lower costs in the form of cheaper labor or raw materials and the opportunity to gain better first-hand knowledge of the wants and needs of consumers in the local market are factors that would likely lead a company to ________ in a foreign market

A) use direct exporting
B) begin licensing
C) begin franchising
D) use indirect exporting
E) make a direct investment


E

Business

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________ is a notion that costs fall with cumulative production or delivery of a service and that, using the first few years of a product's life as a yardstick, the continued decline in costs is predictable

A) Benchmarking B) Experience curve C) Economies of scale D) Reintermediation

Business

______ is the degree to which an individual feels positive or negative about a job.

A. Job satisfaction B. Organizational culture C. Employee engagement D. Organizational commitment

Business

A(n) _____ makes a profit by purchasing the receivables of a firm at a discount and collecting the full amount from the firm's customers.

A. angel investor B. venture capitalist C. factor D. covenant

Business

Which of the following is not covered by the HO-3 Form?

A) Additional living expense and rental value B) Death (loss) of domestic animals C) Personal liability defense costs D) Loss of trees, shrubs and other plants

Business