has made it easy for firms to sell products in the international market.
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- When extending a product to an overseas market, what type of governmental influences must be considered? A) Cultural preferences B) Size and packaging C) Language differences D) Tariffs and trade barriers E). Business customsMention the methods for entering foreign markets. Explain one.Cite specific ways on how the importance, types and benefits of international business could improve or impact status of present companies oor businesses.
- Differentiate the four (4) foreign entry modes : (a) Licensing (b) Franchising (c) Service outsourcing (d) Foreign Direct Investment.e. What are the basic forms of international business activities? f. List THREE (3) brands of each product that are made by domestic firms and THREE (3) products that are made by foreign firms?Explain why do international markets need to be segmented?
- Explain how companies segment international markets?Explore the methods by which a firm can organize for and enter into international markets.Suggest also four (4) programs/policies which can be instituted by your government to help businesses of your country participate more in international trade.