Question

Henderson Synthetics is a producer of chemical products aimed at increasing agricultural yield per acre. Henderson Synthetics’ management believes that several of the firm's products could have sizable markets in other countries, however, it is costly to obtain market research to confirm this. If Henderson Synthetics wanted to temporarily "try out" these international markets with a minimal level of commitment and cost, it should use

a. contract manufacturing.
b. exporting.
c. joint ventures.
d. licensing.e. subsidiaries.

Answer 1

B. exporting.

Step-by-step explanation:

Exporting -

It refers to the method of trading, where the goods and services are sold from one country to another , is referred to as exporting .

Where,

• Exported is referred to as the seller of the services and good,

whereas ,

• Importer is referred to as the buyer of the product.

• The method is very important to spread the international trade all over the world.

• The method helps to use goods and services from all across the world , which might not be available in their own country .

Hence, from the given scenario of the question,

The correct answer is exporting .