Prepared By: Mathivannan Jaganathan BPME1013 Basic Entrepreneurship
Prepared By: Mathivannan Jaganathan BPME1013 Basic Entrepreneurship
Prepared By: Mathivannan Jaganathan BPME1013 Basic Entrepreneurship
l)Licensing (licensing)
give permission to issue or sell a brand or using copyright, patent and
how the process for manufacturing a product.
The licensor will get a reward in the form of fee and royalty from the
sale of products or services produced by licensees.
b) Quota (quota)
restrictions on the amount of imported goods in the total quantity of
goods imported.
Quotas imposed by a country to restrict the quantity of goods
imported but does not increase government revenue.
e) Embargo
Embargo imposed by some countries over whether a country imports
or exports of all product categories, regardless of destination.
g) Trading Block
Establishment of the North American Free Trade Area (NAFTA) and the
European Union (EU) by the number of countries is intended to
safeguard the common interest of creating a block of business.
d) economic changes
Change the world economy will provide a significant impact on the
company's operations depend on the countries involved with the
business operations
The decline of the currency will lead to inflation and adversely affect
business.
f) Technology
Every country has the capacity and capability to achieve technological
advances of its own.
If a company is bringing in technology that have a low level of
technology or the lack of conformity with the existing level of technology
in the country, this would give a bad impression to the company