0
What else can I help you with?
Does every business firm have business strategies?
Not every business firm but lots of them have at least one business strategies.
What factors could cause a business to reject an offer from a potential licensee to make and market the firm's products in a foreign market.?
not follow the procedure of their licensor
What is extender strategy?
The extender strategy is when a firm expands into foreign markets that are similar to their current market. They use strategies that are currently successful to expand the business.
What is inter firm comparison?
Inter-firm comparison is where you compare your particular firm or business to that of another business who are in a similar situation
What does business -to-business firms mean?
its a firm solely devoted to work on business to business relations and loans. like a bank firm
What is Dunning's eclectic theory of Foreign direct investment?
To form a unified theory of Foreign Direct Investment- According to John Dunning, FDI will occur when these conditions are satisfied:There is an Ownership advantage- the foreign firm must own some unique competitive advantage that overcomes the disadvantages of competing with the local firms on their home turfs.There is a Location advantage: Undertaking the business activity must be more profitable in a foreign location than undertaking it in a domestic location.There is a Internalization advantage: the firm must benefit more from controlling the foreign business activity than from hiring an indepedent local company to provide the service.source: international business- a managerial prespective
What is Dunning's eclectic theory of Foreign direct investment'?
To form a unified theory of Foreign Direct Investment- According to John Dunning, FDI will occur when these conditions are satisfied:There is an Ownership advantage- the foreign firm must own some unique competitive advantage that overcomes the disadvantages of competing with the local firms on their home turfs.There is a Location advantage: Undertaking the business activity must be more profitable in a foreign location than undertaking it in a domestic location.There is a Internalization advantage: the firm must benefit more from controlling the foreign business activity than from hiring an indepedent local company to provide the service.source: international business- a managerial prespective
What is the definition of multinational enterprise?
A firm with over 10% of foreign ownership and the movement of long-term capital to finace business activities abroad, with foreign investors controlling at least 10% of the enterprise.A multinational enterprise is a firm that has productive capacity in a number of countries. The profit and income flows that they generate are part of the foreign capital flows moving between countries
What are differences between international firm and global firm and how to alter from international firm to global firm?
* INTERNATIONAL FIRM - simply do import and export - operates in foreign countries through licensing and franchising - managed by nationals of home country - concentrates in some countries or regions * GLOBAL FIRM - invests and is present in many countries - has affiliates, subsidiaries and branches in many countries - draws resources such as labor,capital and materials from a global pool - pursues global business strategy. * An International firm can become a global firm by pursuing global business strategy
What are the factors influencing business policy of a firm?
The factors influencing the business policy of a firm are the items written into the mission statement for the firm. A mission statement is a guide for the firm listing their goals and the way they want to conduct business.
When A domestic firm and a foreign firm sharing the cost of developing new products or building production facilities in a foreign country constitute what?
Joint Venture
What is the most profitable form of farm diversification?
Franchising is a profitable form of carrying out firm diversification. The identity of the firm and its standard procedures are maintained but the franchisee commits a certain amount of money to set up a venue and trade in the franchiser's business model. Franchising can allow a business to quickly expand in a foreign territory.
