ENTREPRENEURSHIP

Detailed explanation-1: -The non-equity modes category includes export and contractual agreements. The equity modes category includes joint ventures and wholly owned subsidiaries. Different entry modes differ in three crucial aspects: The degree of risk they present.

Detailed explanation-2: -The joint venture is a form of strategic alliance where a local company and a foreign entrant agree to share equity in running a partnership together. The equity participation of both companies varies concerning their agreement.

Detailed explanation-3: -Non-equity modes are essentially contractual modes, such as leasing, licensing, franchising, and management-service contracts (Dunning, 1988).

Detailed explanation-4: -Exporting. Exporting is the direct sale of goods and / or services in another country. Licensing. Licensing allows another company in your target country to use your property. Franchising. Joint venture. Foreign direct investment. Wholly owned subsidiary. Piggybacking.