The two main advantages of exporting are that it avoids the often substantial costs of establishing manufacturing operations overseas, and that it may help a firm to achieve experience curve and location economies.
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Q3: Intangible property includes patents, inventions, designs, copyrights,
Q4: Cross-licensing agreements enable firms to hold each
Q5: Franchising is basically a specialised form of
Q6: Governments discourage companies from exporting their goods
Q7: Some novice exporters run into significant problems
Q9: Franchising is similar to _ , although
Q10: In many countries, political considerations make _
Q11: Firms can use any of six different
Q12: _ is/are frequently used when a firm
Q13: The most typical joint venture involves the
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