In developed or developing markets, more competition will exist, decreasing demand for the company's specific product and also increasing the marketing struggle, as brand loyalties and simple recognition will be higher for companies already established in the market (Foley 2010). Beginning entry into such a market with simple exporting is advisable, as it has reduced costs and lower risks than other entry methods (provided that manufacturing in the country of entry is more costly than manufacture at existing plants) (Foley 2010). Where less competition exists, other methods of entry can be developed that confer the advantages of early entry more quickly, generally with greater upfront costs but more profit potential in the long-term, assuming the business and its marketing efforts are run properly and efficiently (Foley 2010). These markets, especially in the relatively saturated world that exists today, might have strong cultural resistances to direct investment attempts, making joint ventures a favorable method of initial entry into a market, establishing brand recognition and building cultural bridges between the company and the market before transitioning to a different type of venture, typically a direct investment subsidiary (Foley 2010).
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Jet Import is a Belgium-based importing company, purchasing a variety of products such as Heineken, Corona, and Red Bull from producers in various countries...
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