Five Ways of Expanding Internationally Companies expand internationally for any number of reasons, including things like taking advantage of the availability of supplies, new markets, lower labor costs, access to special financing or capital, or to avoid things like tariffs or quotas. This activity is important because as the global economy continues to grow and technology continues to develop, the opportunities available for organizations to do business internationally are increasing. The goal of this exercise is to test your knowledge of the ways companies expand their businesses internationally. Recently, the management at Logan Industries, a small promotional item producer has been considering taking advantage of the opportunities available through international expansion Previously, their business was primarily done along the east coast of the United States. Unsure of the risks, costs, or opportunities associated with international expansion, Katrina, the company's CEO, has contacted your consulting firm and asked you to provide some basic information concerning the types of expansion opportunities available and the levels of risk and cost associated with each Hover over each of the methods of global expansion to read a description that relates to the short case. Then, click and drag each type of expansion strategy to the correct place in the figure Joint Venture Global Outsourcing Wholly owned Subsidiary Licensing & Franchising Importing Exporting, & Countertrading