Worldwide Minerals Inc. wants to expand into the international market. It does not want to spend a very large amount of money for this process. However, Worldwide Minerals wants to maintain some control in the foreign market. Which of the following would be the best entry mode for this firm?
A) joint ventures
B) acquisitions
C) greenfield operations
D) exports

Question

Quizplus · Accepted Answer

Joint ventures would be the best entry mode for Worldwide Minerals because it is not as expensive as acquisitions or greenfield operations, but it allows for more control than exports do.