Mode of Engagement in Foreign Markets
After the decision to invest has been made, the exact mode of operation has to be determined. The risks concerning operating in foreign markets is often dependent on the level of control a firm has, coupled with the level of capital expenditure outlayed. The principal modes of engagement are listed below:
- Exporting (which is further divided into direct and indirect exporting)
- Joint ventures
- Direct investment (split into assembly and manufacturing)
Read more about this topic: International Marketing
Famous quotes containing the words mode of, mode, engagement, foreign and/or markets:
“The mode of clearing and planting is to fell the trees, and burn once what will burn, then cut them up into suitable lengths, roll into heaps, and burn again; then, with a hoe, plant potatoes where you can come at the ground between the stumps and charred logs; for a first crop the ashes suffice for manure, and no hoeing being necessary the first year. In the fall, cut, roll, and burn again, and so on, till the land is cleared; and soon it is ready for grain, and to be laid down.”
—Henry David Thoreau (1817–1862)
“Happiness is a matter of one’s most ordinary everyday mode of consciousness being busy and lively and unconcerned with self. To be damned is for one’s ordinary everyday mode of consciousness to be unremitting agonising preoccupation with self.”
—Iris Murdoch (b. 1919)
“We must continually remind students in the classroom that expression of different opinions and dissenting ideas affirms the intellectual process. We should forcefully explain that our role is not to teach them to think as we do but rather to teach them, by example, the importance of taking a stance that is rooted in rigorous engagement with the full range of ideas about a topic.”
—bell hooks (b. 1955)
“I sincerely hope that the incoming Congress will be alive, as it should be, to the importance of our foreign trade and of encouraging it in every way feasible. The possibility of increasing this trade in the Orient, in the Philippines, and in South America is known to everyone who has given the matter attention.”
—William Howard Taft (1857–1930)
“A free-enterprise economy depends only on markets, and according to the most advanced mathematical macroeconomic theory, markets depend only on moods: specifically, the mood of the men in the pinstripes, also known as the Boys on the Street. When the Boys are in a good mood, the market thrives; when they get scared or sullen, it is time for each one of us to look into the retail apple business.”
—Barbara Ehrenreich (b. 1941)