Question

If a service firm wants to build a global presence quickly and at a relatively low cost and risk, it must employ:___.

Answer 1

If a service firm wants to build a global presence quickly and at a relatively low cost and risk, it must employ Franchising

worldwide presence method increasing the corporation's commercial enterprise into specific international locations at some point of numerous regions of the arena. maintaining an worldwide presence of the employer is the most vital a part of global presence.

worldwide presence makes available to the company's managers 5 price-advent possibilities: to adapt to neighborhood market variations, to take advantage of economies of global scale, to make the most economies of global scope, to faucet optimum locations for sports and assets, and to maximise knowledge switch across locations.

A franchise is a way of dispensing services or products related to a franchisor, who establishes the emblem's trademark or alternate name and a enterprise system, and a franchisee, who will pay a royalty and frequently an initial price for the right to do enterprise under the franchisor's name and system.

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