Global Business terminology

How to select a foreign agent or distributor? Discuss the choosing process of foreign agent.

Answer: When a company decides that its most attractive export channel is an agent or distributor channel, it must then initiate a screening process to choose individual agents or distributors. Finding good foreign distributors and agents is a major problem for manufacturers and demands considerable attention and effort. The screening process to choose a foreign […]

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What are the factors influencing the choice of entry mode in the foreign market?

 Answer: The entry mode decision is a complex process with numerous trade-offs among alternative entry modes. To handle this complexity, managers need an analytical model that facilitates systematic comparisons among entry modes. For the present, we offer a general view of the external and internal factors that influence the choice of entry mode. External Factors:

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Terminology of International Business.

Or. What do you understand by International Business?Explain the terminology of International Business. Answer: International Business conducts business transactions all over the world. These transactions include the transfer of goods, services, technology, managerial knowledge, and capital to other countries. International business involves exports and imports. International Business is also known, called or referred as a

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