Question: 7. Describe the 2 basic contractual agreements that most companies follow in their attempt to enter a foreign market. 8. What are the 4 different

7. Describe the 2 basic contractual agreements that most companies follow in their attempt to enter a foreign market.

8. What are the 4 different modes of foreign market entry?

9. Describe the following: free trade area, customs union, common market, and political union. 10. Explain the concept of a multinational market region.

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