Question

question 4 (1 point) mary kay developed the pink young line products to boost sales in china. if mary kay make the product in the united states and then ships them to china, what mode of entry of international trade is this? joint venture licensing agreement importing exporting question 5 (1 point) this is the story of a woman who decided to start a new type of business rather than a business similar to others in her community. her success as a mushroom producer benefited her family, her community, the other mushroom farmers she eventually trained and many others. this is an example of socialism. a command economy. economic rejuvenation. the invisible hand.

Explanation:

• Question 4: Exporting is when a company produces goods in one country and sells them to another country. Mary Kay making products in the US and shipping them to China fits this definition. A joint venture involves two or more companies forming a new entity. Licensing agreement is about giving rights to use intellectual property. Importing is bringing goods into a country (opposite of what's described here).
• Question 5: The invisible hand concept (from Adam Smith) suggests that when individuals pursue their self - interest (like starting a new business for personal gain), they can unintentionally benefit society (family, community, other farmers). Socialism is a system where the state owns the means of production. A command economy is where the government makes all economic decisions. Economic rejuvenation is a more general term about economic revival, but not as specific as the invisible hand in this context.

Answer:

• Question 4: exporting
• Question 5: the invisible hand