Which among the following is the easiest way to gain entry in the international market?
A
Joint ventures
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B
FDI
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C
Owning foreign subsidiaries
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D
Importing & Exporting
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Solution
The correct option is D Importing & Exporting
The fundamental reason behind
international business is that the
countries cannot produce equally well
or cheaply all that they need.
The easiest way to gain entry in the international market is importing and exporting as the activities creates a name of the importer or the exporter in the international market.
Firms engage
in international business to import what
is available at lower prices in other
countries, and export goods to other
countries where they can fetch better
prices for their products.