Strategies for Reaching Global Markets

Businesses use different strategies to compete in global markets. Each provides different economic opportunities, along with specific commitments, control, risk, and profit potential.

Instructions: With $"1"$ being the least and $"6"$ being the most, place the following strategies in order of magnitude from least to most regarding the level of commitment, amount of risk, the amount of control, and the profit potential.

Rank the options below.

Franchising

Contract Manufacturing