Select one of the strategies listed below that are widely used for entering foreign markets and discuss in detail the proposed strategy. As you consider the strategy also discuss potential issues that could impact the success of your choice.
1. Niche Market Exporting
2. Licensing and Contract Manufacturing
3. Franchising
4. Joint Ventures
5. Foreign Branching
6. Equity Investing,
7. Wholly Owned Subsidiaries
Give credit to the source of information.