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| Topic: |
Business
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| Number of pages / Number of words: |
6 / 1675 |
Essay's paper body
With a franchise agreement, the franchisee obtains the rights to duplicate a specific product or service and the company selling the franchise obtains a royalty fee in exchange. Joint ventures and strategic alliances offer another approach to international business. A joint venture is a partnership in which one company cooperates with other companies or governments to develop, produce, or sell products...
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A joint venture is a partnership in which one company cooperates with other companies or governments to develop, produce, or sell products. A strategic alliance is a long-term partnership between two or more companies aimed at helping each to establish competitive advantages. Ultimately, the most absolute form of international business is a wholly owned operation run in another country, without the financial participation of a local partner...
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