There are two main categories of market entry methods

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$$nonequity based and equity based methods. Nonequity based market entry methods can offer less investment and less risk for companies looking to see if they can do well in a particular foreign market. Nonequity based methods include exporting, licensing, franchising, and contracted manufacturing

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Geringer et al

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$2023)$

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$$Equity based methods require a foreign direct investment and include methods such as wholly owned subsidiary and joint ventures

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Geringer et al

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$2023)$

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$$Some political and legal barriers that can prevent market entry include strict regulations on exports

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imports

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$$tariffs$,$ sanctions, trade blocs, or political unrest. These barriers may completely eliminate the chance for market entry or delay it depending on the circumstances. What are the disadvantages and advantages?