The strategic options for expansion into foreign markets include employing a fra
ID: 466807 • Letter: T
Question
The strategic options for expansion into foreign markets include
employing a franchising strategy.
maintaining a national (one-country) production base and exporting goods to foreign markets.
licensing foreign firms to produce and distribute one's products.
establishing a subsidiary in a foreign market.
All of these.
employing a franchising strategy.
maintaining a national (one-country) production base and exporting goods to foreign markets.
licensing foreign firms to produce and distribute one's products.
establishing a subsidiary in a foreign market.
All of these.
Explanation / Answer
ALL OF THESE
There are six vital choices for entering foreign markets. These incorporate (1) maintaining a national (one-nation) production base and exporting goods to foreign markets, (2) licensing foreign firms to produce and distribute ones product (3) utilizing a franchising system, (4) setting up an entirely possessed backup by procuring an outside organization, (5) making a completely claimed outside auxiliary starting from the earliest stage by means of a greenfield endeavor, and (6) utilizing key cooperations or other communitarian associations to enter an outside business sector.
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