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Essay text:
If the business decides to do it independently it can agree to represent a foreign country in their home country's business community.
Deciding to use a franchising or licensing the business will be able to enter a foreign economy by allowing the permission to produce their product or patent and to make it their own, in exchange for a small fee and sometimes ongoing royalties. A joint expansion is just that. You have two or more businesses coming together to form a jointly held company operating within the foreign market. Then you have businesses that decide to merge. When a business merges it's simply two independently owned businesses combined into one business...
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