Read the overview below and complete the activities that follow. Methods of Transacting International Business When a U.S. firm deals with a foreign company, numerous considerations must be taken into account. Certainly, cost, time, expenditures, and legal risks must be analyzed. Therefore, when contemplating business decisions, regarding foreign markets, it is important to recognize the options available when structuring the transaction. Your understanding of the methods of transacting international business is essential in the contemporary business world. CONCEPT REVIEW: The three principle forms of transacting international business are foreign sales, licensing, and franchising and direct foreign investment. Each form provides a U.S. domestic corporation with options allowing them to control business exposure. Read the statements. Drag and drop each item into the most specifically correct spot on the chart. Each category should contain only three statements. Foreign subsidiaries Joint venture. Shipment confirmations are a feature of this business transaction. Intangible rights. Most risk Foreign Sales Licenses and Franchises Direct Foregn Investment Bills of lading. Bills of lading. Some risk. Letters of credit. Foreign production and sales. Most risk. Foreign subsidiaries. Indirect payment. Foreign production and sales. Some risk