1. A U.S. computer company purchases wireless keyboards from a foreign country and resells in its stores in the United States. This is an example of

a. exporting.

b. importing.

c. outsourcing.

d. countertrading.

e. bartering.

2. A U.S. car manufacturer formed a partnership with a German car manufacturer to develop a pickup truck for the German market. The two companies shared the costs and operations of the business. This arrangement is called

a. joint venture.

b. licensing.

c. contract manufacturing.

d. exporting.

e. direct investment.