The ideal entry strategies are franchising and joint ventures as the demand to cut costs grows is a true .
Which three claims concerning franchising are TRUE? A royalty payment is normally given to the franchisor. It has a longer time commitment than a license but is similar. The franchisee agrees to abide by certain guidelines for conducting business.
Because it needs little financial investment from the franchisor, franchising is a desirable approach to penetrate overseas markets. In fact, the majority of costs involved with starting their firms are borne by local franchisees.
To know more about franchising and joint ventures visit:-
https://brainly.com/question/13445943
#SPJ4
