Question

(1 point)
clarence is examining the regulations that will allow him to sell computer chips that his company manufactures to austria. what type of international growth strategy is clarence following?
○ contract manufacturing
○ joint venture
○ licensing
○ exporting

Explanation:

Exporting is a common international growth strategy where a company sells its products (in this case, computer chips) to another country (Austria). Licensing involves giving another entity the right to use intellectual property. A joint venture is a partnership between companies. Contract manufacturing is when a company hires another to produce its goods. Since Clarence is looking to sell his company's computer chips to Austria, exporting fits as it directly involves selling goods to a foreign market.

Answer:

exporting