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Topic J - Coggle Diagram
Topic J
Joint venturing
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Contact manufacturing: A joint venture in which a company contact with manufacturers in a foreign market to produce its product or provide its service.
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Management Manufacturers: A joint venture in which the domestic firm supplies the management know how to a foreign company that supplies the domestic firm experts management services rather than products.
Joint ownership: A cooperative venture in which a company creates a local business with investors in a foreign market, who share ownership and control.
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Exporting
Entering foreign markets by selling goods produced in the company's home country, often with little modification.
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A global Firm
A firm that operates in more than one country, gains r & d, production, marketing and financial advantages in its costs and reputation that are not available to purely domestic competiors.
Ex: BETSON, A swedish company, uses Malta for Marketing & financial advantages.
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