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| Topic: |
Business
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| Number of pages / Number of words: |
3 / 791 |
Essay's paper body
And, they need to pay close attention to the day to day activities of selling. Some small businesses get too hasty because they want to expand their market and gross profit, so they make bad judgment calls when it comes to finding a company to form their joint venture with.
The third method is by using a licensing agreement...
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Basically, the foreign company/business buys the rights to the American product. They become the licensees. This would seem the simplest method, since the licensee, it seems, would sell the product then send you a check every month or so depending on the contract. However, you have to be careful of this strategy as well...
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