Asked by Lionell Martin Jr on Jul 23, 2024
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The ________ strategy uses subsidiaries, franchises, or joint ventures with substantial independence.
Subsidiaries
Companies that are owned or controlled by another company, known as a parent company.
Franchises
are business models where the owner (franchisor) grants permission to individuals or entities (franchisees) to operate a business using their trademarks, systems, and processes.
Joint Ventures
Firms establishing joint ownership to pursue new products or markets.
- Detail the approaches to worldwide operations and recognize the assortment of strategies firms utilize for involvement in international markets.
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Learning Objectives
- Detail the approaches to worldwide operations and recognize the assortment of strategies firms utilize for involvement in international markets.
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