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il63 [147K]
2 years ago
5

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

Business
1 answer:
lisabon 2012 [21]2 years ago
5 0

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.

Learn more about global presence here:-brainly.com/question/14389228

#SPJ4

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The definition of short-run in economics is not a term to be used for a specific certain period of time but it means that the period of time is too short that the firms cannot change the level they are using of some of their inputs or costs. It means they do have fixed costs they cannot change. For example, all machinery installed, a yearly rent paid, electricity or others that the firm cannot change unless there is sufficient time. In a short period of time, it will have those costs anyway. The firm cannot change the level of that input. And it is short run of at least one input. It may be many. But it is not necessary to have all inputs unchanged to consider that period of time as short-run.

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