4 Modes of Entry

Question 1

what is a mode of entry?

Answer 1

a planned strategy to establish a businesses delivery of goods or services into a new market

Question 2

what are the three most common modes of entry?

Answer 2

movement of goods, contractual agreements, development of strategies in other countries

Question 3

what is licensing?

Answer 3

a contractual agreement that allowed one business to use another businesses intellectual property

Question 4

what are the three types of licensing?

Answer 4

exclusive license, non-exclusive license and open source license

Question 5

what is a joint venture?

Answer 5

are partnerships that allow businesses with complimentary skills to benefit from the others strengths

Question 6

what is outsourcing?

Answer 6

a strategic decision to transfer certain activities in the business operations to external specialists or strategic allies

Question 7

what is offsharing?

Answer 7

is the transfer of jobs to different countries to leverage an advantage such as cost

Question 8

what is a sales subsidary?

Answer 8

sells the products of the ownership company through its subsidiaries