SMEs can enter foreign markets through:

Question

Quizplus · Accepted Answer

SMEs can enter foreign markets through various ways, including direct exports, licensing and franchising, and foreign direct investment. Direct exports involve shipping products directly to customers in foreign markets. Licensing and franchising involve granting rights to use a company's intellectual property or business model in exchange for payment or fees. Foreign direct investment involves directly investing in and managing operations in a foreign market. SMEs should consider various factors such as market characteristics, regulatory environment, and resource availability before choosing the best method of entry into foreign markets. Therefore, all of the above options can be utilized depending upon the SME's specific circumstances.

SMEs Can Enter Foreign Markets Through