Answer:
a) Distinguish between the use of Franchising and Joint Venture as modes of entry into other countries by global businesses.
Franchising consists in the licensing of aspects of production and intellectual property to a another party: the franchise.
A Joint Venture is a business union between two or more parties, in which they split profit as well as costs and responsabilities.
b) What are the respective advantages and disadvantages of both strategies?
Franchising can be a quicker way to expand into foreign markets. The flexibility of the method, and the lower capital requirements are the reason why. This can be seen in the success that American fast-food brands have had using this method to expand in global markets.
A Joint-Venture can be more difficult to use for market expansion, however, it can be more profitable, because the profit will not be split among as many parties as in franchising, and more importantly, the firm maintains a higher control of the operation.
$160000 x 1.06 = $169600
$169600 - 160000 = $ 9600 per year
$9600 / 12 = $ 800 per month
160000 / 360 month = $ 444.44 per month
800 + 444.44 = $ 1244.44 monthly peyment
The first test case should fail. When all the test results are completed, you will save the test case results
<span>They have difficulty in speaking English.
Most immigrants arriving in the United States came from the non-English speaking countries. With limited to no understanding of the language, it is difficult for them to interact and associate with other people. However, as time goes by, most tend to slowly adapt to their sorroundings and learn English.</span>
