forms of international business activity
The major forms of international business activity are importing and exporting (buying and selling across national boundaries), licensing (conferring the rights to create a product), franchising (selling the rights to use an entire business system and brand identity), strategic alliances and joint ventures (forming partnerships with other companies), and foreign direct investment (buying companies or building facilities in another country).
(1) Can a company successfully export to other countries without having staff and facilities in those countries? Why or why not? (2) Why does so much foreign direct investment take place between the industrialized nations?
(1) What connotations does the word imported have for you? (2) On what do you base your reaction?