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Make up the fastest growing segment of exporters in

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Make up the fastest growing segment of exporters in most countries. International Business: The New Realities 3-8
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Foreign Market Entry Strategies of Focal Firms Foreign direct investment (FDI) : The transfer of assets to another country or the acquisition of assets in that country. International collaborative venture : Partners pool their resources and share the cost and risks of a new venture. Exporting : Sale of products or services to customers located abroad, from a base in the home country or a third country. International Business: The New Realities 3-9
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Entry Strategies of Focal Firms (cont’d) Importing or Sourcing : Focal firms procure numerous parts, components, and services from suppliers around the world. Licensing : Granting the right to a foreign partner to use certain intellectual property in exchange for royalties. Franchising : Granting the right to a foreign partner to use an entire business system in exchange for fees and royalties. International Business: The New Realities 3-10
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Facilitators Assist the focal firm with specialized services required in international transactions.
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