Business Studies

Through which of the following means the companies globalize their operations?


ANSWER

All of the above


SOLUTION
Globalization of business is the change in a business from a company associated with a single country to one that operates in multiple countries. It refers to the trade of goods, services, technology, capital and/or knowledge at a global level. The companies can globalize their operations by exporting directly from other country. Licensing allows a licensor to grant the rights to an intangible property to the licensee for a specified period of time for a royalty fee. Franchising, is a specialized form of licensing in which the franchisor sells the intangible property to the franchisee, and also forces the franchisee operate as dictated by the franchisor. A joint venture is when a firm created is jointly owned by two or more companies (Most joint venture are 50-50 percent partnership). 
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