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Free 18+ video | FOREIGN MARKET PENETRATION
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Foreign market penetration

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Saturday, August 17, 2019 2:25:05 PM
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Feel like the UK is a mixture of both sides tbh. Endya has taught corporate training courses and led seminars in various business topics. Log in or sign up to add this lesson to a Custom Course. Klismaphilia Login or Sign up.
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These options vary with cost, risk and the degree of control which can be exercised over them. The simplest form of entry strategy is exporting using either a direct or indirect method such as an agent, in the case of the former, or countertrade, in the case of the latter. More complex forms include truly global operations which may involve joint ventures, or export processing zones.

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From my early years in Marketing and Sales , I learnt fast that any content or product should always be adapted to a specific locale or market to avoid any intercultural-misunderstanding or faux-pas. This is where localization comes into play as it will enable Companies to convey their message in a more effective and appealing way to a specific target segment: Localization goes one step beyond translation: Localization Decision-making is a tough choice since you need to consider the money factor at all times.

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Foreign market entry modes or participation strategies differ in the degree of risk they present, the control and commitment of resources they require, and the return on investment they promise. There are two major types of market entry modes: The non-equity modes category includes export and contractual agreements. Exporting is the process of selling of goods and services produced in one country to other countries. Direct exports represent the most basic mode of exporting made by a holding company, capitalizing on economies of scale in production concentrated in the home country and affording better control over distribution.

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Comments
Harry StarkTuesday, July 24, 2018 8:36:24 AM
Does the world still exist?
Russian SpyTuesday, July 31, 2018 11:33:07 AM
The decision of how to enter a foreign market can have a significant impact on the results.
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