This document discusses various international business strategies such as exporting, franchising, licensing, subcontracting, joint ownership, and direct investment. It also provides opinions on which strategies would be best for expanding a business internationally. Specifically, it recommends exporting products to other countries in order to gain more sales and expand the business. It also suggests product adaptation, which involves changing a product so it can be used in different markets and by various customer types.

1. Wall Rx
By: Jacob Profitt

2. Exporting
Exporting is when your business sends
products out of the country into other
countries. You do this to get more sells and
to expand your business

3. Franchising
Franchising is when you sell your business
brand, logo, and products to a third party so
they can start their own business.

4. Licensing
Agreement that grants foreign marketers the
right to distribute a firm’s merchandise or to
use its trademark, patent, or process in
specified geographic area

5. subcontracting
Contractual agreements that assign the
production of goods or services to local or
smaller firms

6. Joint Ownership
A situation in which two or more persons co
own a property

7. Direct Investment
Investment in a business enterprise in a
country other than the investory’s country
designed to acquire a controlling interest in
the foregin business enterprise

8. My Choice
I think that he should export the product to
other countries because if the license it to a
certain area, then they would lose customers,
and as a business you want as many as
possible

9. Extension Strategy
It is used to increase the market share of the
product. This can happen by changing the
product or rebranding it

10. Production adaptation
Production adaptation is changing a product
so it can be used for different customers and
markets

11. My choice
I would pick product adaptation because you
can adapt the product to your foreign market
and any customers that need a change

12. What not to do
I would not do the extension strategy. I
wouldn’t do this because it would involve
changing the product, and I feel that the
product is fine how it is