Expand into Foreign Markets - Explained
How expand into Foreign Markets?
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Table of ContentsHow do Businesses Enter Foreign Markets?Global Sourcing Import/Export Licensing/Franchising Strategic Alliance Joint Venture Foreign Subsidiary
How do Businesses Enter Foreign Markets?
The primary manners by which businesses expand into foreign markets include:
Taking advantage of efficiencies of foreign markets for supply and labor.
Purchasing goods from outside of the country or selling goods outside of the country.
Selling rights in ones intellectual property rights (such as name brand and operational plans) to individuals operating the business in foreign countries.
Aligning with existing foreign businesses to sell your product or services.
Forming a new business entity with a foreign company to operate in the foreign jurisdiction.
Opening or purchasing a business in a foreign country. The business is owned by the parent company in the home jurisdiction.
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