The purchase of established firms abroad with the goal of using the existing production,marketing,and distribution networks and of having instant access to foreign markets that fit the purchasing firm's global strategy is known as a(n)_____.

Question

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Foreign acquisition refers to the purchase of established firms abroad for the purpose of gaining access to foreign markets and utilizing their production, marketing, and distribution networks. This strategy allows the purchasing firm to quickly establish a presence in a foreign market and align with its overall global strategy.

The Purchase of Established Firms Abroad with the Goal of Using