Both import/export and licensing strategies do not require capital outlays in the form of investment in the foreign markets that are being served.

Name: Both import/export and licensing strategies do not require capital outlays in the form of investment in the foreign markets that are being served.
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Import/export and licensing strategies typically involve selling goods or granting rights to use intellectual property without the need for direct investment in foreign market infrastructure.

Both Import/export and Licensing Strategies Do Not Require Capital Outlays