Which Order of Entry Mode Below Is Ordered from Low

Which order of entry mode below is ordered from low to high risk?

A) Licensing, direct exporting, joint ventures, wholly-owned subsidiaries
B) Indirect exporting, licensing, joint ventures, wholly-owned subsidiaries.
C) Indirect exporting, franchising, direct exporting, branch offices.
D) Strategic alliances, branch offices, franchising, licensing.

Correct Answer:

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