how businesses can expand overseas flashcards...

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  • Created by: geogt002
  • Created on: 06-12-17 09:57
offshoring
relocation of a usiness process ( or partial process) from one country to another. E.G. apple and dyson.
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exporting
manafacturing in your own country but selling abroadd. this is the least tricky way as there are less extra costs involved.
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internal growth
opening up factories or outlets abroad funded through own reserves.
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external growth (Integration)
joining with another business through a merger or takeover (acquisition). e.g. kraft taking over cadbury and santander purchasing abbey national.
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joint ventures
two or more companies collaborating which is increasingly popular for companies expanding into asia. EU firms provide cash,machinery skills,host firm provides staff,land buildings.
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technical cooperation
allows co-production and joint assembly.
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franchising
selling the right to use brands and patents to another firm in exchange for an intitial fee and share of initial profits.e.g.mcdonalds.
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licensing
permission to make a product in a certain country grantedd by the orginal managfaturer in echnge for a fee,e.g.carlsburg,coca cola,useful to pass on many costs such as transportation and manufacture to another firm.
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Other cards in this set

Card 2

Front

manafacturing in your own country but selling abroadd. this is the least tricky way as there are less extra costs involved.

Back

exporting

Card 3

Front

opening up factories or outlets abroad funded through own reserves.

Back

Preview of the back of card 3

Card 4

Front

joining with another business through a merger or takeover (acquisition). e.g. kraft taking over cadbury and santander purchasing abbey national.

Back

Preview of the back of card 4

Card 5

Front

two or more companies collaborating which is increasingly popular for companies expanding into asia. EU firms provide cash,machinery skills,host firm provides staff,land buildings.

Back

Preview of the back of card 5
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