MARK 493 Lecture Notes - Lecture 10: Fiduciary, Joint Venture, Independent Contractor
4 Apr 2018
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Any business that wants to enter into foreign markets must determine a method by which to do so. The most common forms of global business are: When doing business in a foreign country, always check the laws of the host country: the. One of the simplest ways to increase presence in a foreign market is to appoint an agent in that market. An agent usually travels and represents a foreign firm that wants to have a direct relationship with the end customer. Appointing an agent might be an interim step before more direct methods of foreign market expansion. Host country distributors purchase goods from the foreign supplier to resell them to customers. They"re largely free to control their own operations. Foreign suppliers don"t have a direct relationship with the host country 3rd party purchaser. Host country distributors help develop goodwill and a customer base for your (foreign supplier) product in a host country.
