The acquisition is acquiring or purchasing an existing venture. It is one of the methods of expanding a business by entering new markets or new product areas. A businessman must carefully structure the payment to avoid becoming financially overburdened.
The socio cultural environment refers to the social and cultural factors that influence individuals and communities. It encompasses various aspects such as beliefs, values, customs, traditions, and social norms prevalent in a particular society or group.
The World Trade Organisation (WTO) is an international organisation designed by its founders to supervise and liberalise international trade to offer a world trading system. The organisation officially commenced on January 1, 1995, under the Marrakech Agreement, replacing the General Agreement on Tariffs and Trade (GATT)
A merger is an agreement that unites two separate companies to form a single, new entity for the growth of the organisation. This approach is taken by companies to increase market share, achieve economies of scale, and enhance overall competitiveness.
Strategic alliances can be the result of a variety of business arrangements including acquisitions, joint ventures, mergers and licensing agreements.
Joint Venture are strategic partnerships between two or more companies, which come together to create a new business entity that is legally distinct from its parent companies.
Commercial policy refers to a set of regulations and guidelines that govern trade. Every country has its policies for trade, which are formulated by public officials to suit their nation’s needs.
Franchising refers to a form of a business model that involves the practice of using another person’s business philosophy. This method allows people to operate a business under an established brand and a proven organisation system.
The International Trading Environment consists of trade negotiations between countries to form agreements by giving away some of their sovereign rights for a common mutually beneficial objective.
International marketing is also known as multinational marketing is the marketing of products or services across national boundaries. It includes activities that direct the flow of goods from one country to another to meet the requirements of the customers.