Modes of Entry

Question 1

Explain the strategies a business may adopt to expand.

Answer 1

1 .
Concepts.
2.
Strategies.
3.
Processes

Question 2

Concepts

Answer 2

An idea relating to business theories, management strategies and the key business functions.

Question 2

Strategies

Answer 2

The means by which a business sets out to achieve its desired goals and or/objectives.

Question 3

Processes

Answer 3

The steps/tasks enabling the accomplishment of business goals.

Question 4

Modes of Entry in the Global Market.

Answer 4

The businesses planned strategy or process to establish the delivery of its goods or services into a new market.

Question 5

Common strategies grouped :
Movement of goods and services between countries:

Answer 5

-exporting
-importing
-trade

Question 5

Common strategies grouped:
Contractual agreement to facilitate entry to other countries:

Answer 5

-licencing
-franchising
-strategic alliance
-joint ventures

Question 6

Common strategies grouped:
Development of strategies and operations in other countries:

Answer 6

-outsourcing and offshoring
-subsidiaries
-foreign direct investment