Multiple Choice
Allen Lee,a Chinese immigrant,would like to start a wholesale furniture business in the United States.He has contacts in the furniture production business in China and feels he can leverage these contacts to purchase inexpensive,high-quality furniture to sell in his stores in the United States.He calls one of his contacts and after extensive negotiation,makes a deal: he will buy the Chinese furniture to sell wholesale in the United States to retail furniture businesses.What is the business relationship between Allen and his Chinese contact?
A) Allen is the licensee and the contact is the licensor.
B) Allen is an importer and the contact is an exporter.
C) Allen and his contact have a joint venture.
D) Allen and his contact have a strategic alliance.
Correct Answer:

Verified
Correct Answer:
Verified
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