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What are the 5 main ways for companies to participate in international business?



Asked by Christian_s, Last updated: Jun 02, 2022

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2 Answers

V. Barnes

V. Barnes

V. Barnes
V. Barnes

Answered May 10, 2018

• Domestic-market establishment: The domestic market is always the right and the best place to test products and confirm performance before facing the international trade.

• Export research and planning: A particular Country which is similar to their own language, financial status, legal and economic systems or culture is been targeted when a company starts trading abroad.

• Initial export sales: It is advisable to being modestly by testing the market when implementing an export plan.

• Expansion of international sales: This stage is always followed by intensified market research, more aggressive participation in foreign trade shows and other marketing activities.

• Investment abroad: The company may choose to expand its presence in the target market If sales are brisk, profits encouraging and opportunities promising.

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John Smith

John Smith

John Smith
John Smith

Answered Feb 04, 2017

Own a retail or distribution outlet in another country
Export to businesses in another country
Import from businesses in another country
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