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Buisness Entrance Methods
Storyboard Text
- Indirect and Direct Exporting
- Direct exporting is exporting directly to a foreign customer, including the invoice. This does include foreign branches of a company. (2)
- (1) What's the difference between direct and indirect exporting?
- (3) Indirect exporting is exporting your products through third parties to represent your company in another country. These third parties can sometimes be government agencies.
- Management Contracting
- (3) To put it simply, a company hires another company to do some of the work for them, the contracted company is responsible for the work they take over.
- (1) How does management contracting work?
- (2) Management contracts allow a management company to control a business's operations for an amount of time set in the contract, although often only a certain department.
- Licensing
- (1) What is licensing?
- (2) A licensing agreement is a contract where a property owner lets someone else use their trademark, patent, or brand.
- (3) Through the agreement the property owner gains income through royalties. Licensing agreements can be used to enter new markets without having to spend money.
- Franchising
- (3) Oftentimes not only does the franchisee get to use the items Frank mentioned but also an established operating system and business model
- (2) A franchise is a license that lets a franchisee access to the franchisor's business knowledge, processes, and trademarks. The franchisee can then sell a product(s) or service under the franchisor's name. The franchisee often pays a start up fee and then annual fees from there on
- (1) How does franchising work?
- (4) So like Mcdonalds?
- Joint Ventures and Turnkey Projects
- (2) A joint venture is where two or more parties agree to combine their resources to complete an agreed upon task, in our case business related for profit. Both parties will share the risks associated with the venture.
- (3) A turnkey project is usually used in construction projects. The developer will change the goal of the project from design to completion. The completed product is often aimed to be ready-to-use. In these projects the builder absorbs all risks until completion unless stated otherwise
- (1) Whats a joint venture and whats a turnkey project?
- Foreign Direct Investment
- (1)WHAT IS FOREIGN DIRECT INVESTMENT (FDI)?
- FDI is when one company or investor purchases interest in a foreign company. Usually the first company or investor buys a large amount of the other company or buy the whole thing to expand operation to expand to a new market and establish a multinational presence
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