is when a firm sells its domestically produced goods in a foreign country with .
ID: 442302 • Letter: I
Question
is when a firm sells its domestically produced goods in a foreign country with . Direct exporting Indirect exporting Third party exporting Licensing With , an compan offers the right to a trade mark, patent, trade secret, or other similarly of intellectual property iin return for a royalty or a fee. divesting engaging in joint venture engaging in direcr investment licensing The Over-arching (big picture - think "biggest circle") sociocultutal influence on consumer behaviour is: Personal Family Culture Referent group(s) I have always been very happy with Nunn-Bush shoes, so i keep buying them. I am practicing: Repeat patronage Brand loyalty Customer loyalty Brand allegianceExplanation / Answer
21. When a firm sells directly to a foreign country it is known as direct exporting, whereas when it sells through intermediaries it will be referred to as indirect exporting. It cannot be licensing because in licensing the firm which gets license can trade using your trademark. In indirect exporting the firm is just an intermediary helping the firm in managing exports to the foreign country
So the correct answer is INDIRECT EXPORTING.
22. Licensing allows the firm to use trademarks, patents and other copyrights of intellectual properties of the firm. Licensing requires a payment by the licensee to the firm in the form of fees to use its brand name, trademark and other brand based value.
So the correct answer is LICENSING.
23. A comprehensive socio-cultural influence on consumer behavior is from the family. It is the family and the socity from whom the individual or the consumer learns behavior, human wants, perceptions and other preferences.
So the correct answer in this case will be FAMILY.
24. The customer loyalty refers to the tendency of the individual to favor one brand over all others due to satisfaction with the product. The customer loyalty encourages individuals to buy again and again. This is the same feeling I have with Nunn-Bush shoes, which is why i keep buying them.
The correct answer therefore is CUSTOMER LOYALTY.
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