Question

tim manages a small olive oil business in california. his company has limited resources and wants to explore opportunities overseas. tim is considering entering the emerging market of india. according to the optimal entry mode matrix, which of the following entry strategies is tim most likely to use? a. strategic alliances b. export c. licensing d. contract manufacturing e. foreign direct investment

Answer 1

According to the optimal entry mode matrix, which of the following entry strategies is Tim most likely to use export.

Why market entry strategy is important?

Market entry refers to all the steps used to introduce a good or service to a new market, whether that market is a new nation, group of people, or client base.  Implementation of a conventional market entry strategy can take six to 18 months.

The benefits of this strategy include boosting sales, strengthening the brand's position in the marketplace, increasing return on investment, enhancing customer service while raising product prices, and creating more straightforward sales channels. Exporting is one technique to enter a new market. You can enter numerous markets at once using this tactic. You can designate a nearby distributor to deal with your customers. The main benefit of working with regional distributors is having access to their clientele.

To learn more about optimal entry mode, visit:

https://brainly.com/question/13915061

#SPJ4