IBT

various subjects/actors/players in driving international business

traders

international organization

state

JURISDICTIONAL IMMUNITY

a country is protected from being sued/judge by another country

Mode of entry

is the channel which your organization employs to gain entry to a new international market

LICENSING

INCLUDES

Franchising

Turnkey Contracts

Contract Manufacturing

LICENSING

is where your own organization charges a fee or royalty for the use of its technology

CONTRACT MANUFACTURING

is an arrangement where a company hires another company to manufacture its products

TURNKEY CONTRACTS

major strategies to build large plants/ turnover the business completely with training and development of key employees

STRATEGIC ALLIANCES

describes the whole series of different relationships between companies that market internationally

JOINT VENTURE

new company is set up with parties owning a proportion of new businesses

PIGGYBACKING

your new product uses the existing distribution and logistics of other business

EXPORT MANAGEMENT HOUSES

act as a bolt on export department for your company

CONSORTIA

groups of small or medium sized organizations that group together to market related/ unrelated products

INTERNATIONAL BUSINESS

comprise all commercial transactions that take place between two or more regions

INTERNATIONAL TRADE

is the exchange of capital goods nd services across international borders

INTERNATIONAL MARKETING

is an exchange of goods and services between different markets