Entering International Markets (AQA A-Level Business): Flashcards
📚Flashcards
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Practise the cards
10 cards from this deck
Internationalisation definition
Internationalisation definition
Moving into & operating within international markets
Market development strategy
Market development strategy
Selling existing products in new countries
Market saturation meaning
Market saturation meaning
Business has maximised potential in home market
Global sourcing definition
Global sourcing definition
Obtaining raw materials from countries with cheapest prices
Tariffs
Tariffs
Taxes on imports
Quotas in trade
Quotas in trade
Limits on quantity of imports
Licensing as entry method
Licensing as entry method
Foreign firms produce products under original company's name
Alliance definition
Alliance definition
Joining forces with similar companies abroad
Direct investment meaning
Direct investment meaning
Taking over or merging with business in different country
Exporting benefit to business
Exporting benefit to business
Increased market size
