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- There are multiple ways a company can enter a foreign market. Explore two possibilities such as exporting, foreign direct investment, and collaborations (joint ventures, alliances, licensing, franchising), and evaluate the pros and cons of each method. Which types of products and services would be appropriate for each market entry method?Organizations choosing to enter global markets have several strategies available, including exporting, licensing, joint ventures, direct investment, and importing. What are the advantages and disadvantages of each strategy?Explore two possibilities a company can enter a foreign market such as exporting, foreign direct investment, and collaborations (joint ventures, alliances, licensing, franchising), and evaluate the pros and cons of each method. Which types of products and services would be appropriate for each market entry method?
- What are the potential risks and rewards associated with international expansion as part of a company's strategic development?Briefly define International Business in your own words and clearly outline the ways in which it differs from domestic business. Support your response with relevant examplesWhy should a company seek a global alliance over other forms of market entry?
- Suppose you are a manager (or owner) of a small firm which cultivates agricultural product (crops), and sell (export) in the international market (foreign country). You need to follow or consider four risk factors (currency, country, cross-culture, and commercial) in this business. 1. How do you consider these four factors? and 2. what factor is most considerable for your agricultural business in the international arena?Briefly define International Business and outline the ways in which it differs from domestic business.Give relevant examplesWith all the problems facing companies that go global, why are so many companies choosing to expand internationally? What are the advantages of expanding beyond the domestic market? Also, in terms of consumer behavior, are the cultures of the world becoming more similar or more different?
- In recent years, globalization has been a hotly debated topic, with proponents arguing that it has led to increased economic growth and opportunities, while opponents claim that it has widened inequality and caused environmental degradation. With this in mind, consider the following questions: 1.How has globalization affected the economy of a particular country or region, and what have been the social and environmental implications of this process?2.What are the main drivers of globalization, and how have they evolved over time?When considering entering international markets, there are some significant strategic and tactical decisions to be made. Each entry mode has different pros and cons, addressing issues like cost, control, speed to market, legal barriers, and cultural barriers with different degrees of efficiency. In this perspective, discuss any two methods of doing business internationally. You are also required to briefly discuss advantages and disadvantages. Use real life examples to support your answer.There are many Modes of entry for international Business. Discuss the advantage and disadvantages of each of these. if you are small food and beverages company and plan to enter a country with high business risks, which mode of entry would you reccomend?