Question

The companies globalize their operations through different means:

Exporting directly

Licensing/Franchising

Joint ventures

All the above​

Answer 1

Answer:

Answer:

Foreign market entry modes are the ways in which a company can expand its services into a non-domestic market.

There are two major types of market entry modes: equity and non-equity. The non-equity modes category includes export and contractual agreements.[1] The equity modes category includes joint ventures and wholly owned subsidiaries.[2] Different entry modes differ in three crucial aspects:

The degree of risk they present.

The control and commitment of resources they require.

The return on investment they promise.[3]