Final answer:
A firm's options for international market entry include licensing, joint ventures, franchising, and exporting, but not leasing, which is typically related to asset rental and not a strategy for business expansion into international markets. Option d is the correct answer.
Step-by-step explanation:
The choices that a firm has for entering the international market include all of the following except leasing. When a firm decides to expand internationally, it often considers several strategies such as licensing, in which the firm allows another company to use its trademark, patent, or technology.
Another strategy is a joint venture, where two or more parties create a new business entity by contributing equity. Franchising allows a firm to distribute its products or services through affiliated dealers. Exporting, on the other hand, involves selling goods or services produced in one country to another country.
Leasing, which typically involves renting equipment, property, or other assets, is not commonly considered a strategy for a firm to enter an international market in the context of expanding its own business operations abroad. Hence, among the provided options, leasing is the correct choice which is not a method used by firms for international market entry.