๐ Methods of Entering International Markets
Big Idea: Businesses can enter international markets in several ways, each with different levels of risk, control and investment.
- Exporting โ selling domestic products abroad. Low risk but limited control
- Licensing/franchising โ allowing a foreign business to use your brand. Low investment but shared profits
- Joint venture โ partnering with a local firm to share costs, risks and knowledge
- Foreign direct investment (FDI) โ setting up operations in another country. High control but high cost
- E-commerce โ selling online to international customers. Low cost but logistics can be complex
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