Entering foreign markets by joining with foreign companies to produce or market a product or service." Marketing: An Intro, Armstrong/Kotler, page 492.
There are always other larger companies around the world that can help distribute and share your product to the world as well. We plan on licensing our product on a global level eventually. "Licensing is a simple way for a manufacturer to enter international marketing. The company enters into an agreement with a licensee in the foreign market. For a fee or royalty, the licensee buys the right to use the company’s manufacturing process, trademark, patent, trade secret, or other item of value. The company thus gains entry into the market at little risk; the licensee gains production expertise or a well-known product or name without having to start from scratch." Marketing: An Intro, Armstrong/Kotler, page 492.
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