Firms use a variety of methods to conduct business internationally.

For each definition, use the table to indicate the type of method for conducting international business.

Definition	Establishment of new foreign subsidiaries	Licensing	Franchising	Acquisitions of existing operations	International Trade	Joint Ventures
Exporting goods to sell in foreign markets, while importing inputs at lower cost
An arrangement whereby two or more firms own and operate a business
Purchasing a business that is already operating in a foreign market