Managing the international environment $($Connect$,$ Perform$)$

Kirin Brewery, Japan's largest producer of beer, allows the Charles Wells Brewery in England to manufacture beer to Kirin's specifications and market the beer as Kirin Beer. Kirin Brewery earns a royalty on the beer sold in England. What type of international business is this an example of$?$

Licensing

Importing

Franchising

Exporting

As a business owner, you want an approach to international business that offers certain advantages. Identify the business approach that would provide this advantage.

$\backslash$table$[[$High willingness to accept risk,Import$/$Export$,$Licensing Joint Venture Direct Investment$],[$No need to adapt products to local preferences,,$],[$High degree of control over operations,,$],[$Access to materials and technology,,$],[$Low capital investment needed,,$],[$Rapid entry to market,,$]]$