what steps are required to enter the global Market.
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There are several market entry methods that can be used.
Exporting. Exporting is the direct sale of goods and / or services in another country. ...
Licensing. Licensing allows another company in your target country to use your property. ...
Franchising. ...
Joint venture. ...
Foreign direct investment. ...
Wholly owned subsidiary. ...
Piggybacking.
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Answer:
10 Steps for Expanding Into Global Markets :-
- Develop a game plan
- Identify the product or service you have to sell
- Develop an export plan
- Conduct market analysis
- Segment potential export markets
- Assess your competition
- Determine , if there are packaging, labeling or regulatory requirements
- Use trade shows to test markets for your product or service
- Test your strategy in a single market with low barriers to entry
- Leverage free and low-cost resources from government agencies
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