Foreign Marketing (Grade 11 NSC Matric Business Studies): Flashcards
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Foreign marketing definition
Foreign marketing definition
Selling products/services to customers in other countries
Trade agreements
Trade agreements
Official contracts between countries setting business rules
Tariffs (import duties)
Tariffs (import duties)
Taxes on goods coming into a country from abroad
Export subsidies
Export subsidies
Financial support govt gives to encourage overseas sales
Direct exporting
Direct exporting
Selling products directly to overseas customers
Licencing in foreign markets
Licencing in foreign markets
Permission to use product design/brand for payments
Franchising
Franchising
Allowing foreign business to use brand, products, systems
Joint venture
Joint venture
New company both partners own and manage together
Turnkey projects
Turnkey projects
Building complete facility & handing over ready to operate
Greenfield investment
Greenfield investment
Buying land, building facilities, operating in foreign country