Describe briefly the different methods of foreign market entry.

The different methods of foreign market entry are "direct", "indirect" or "foreign" based. 
1. Direct 
- Agent, distributor, Government, overseas subsidiary
- entails selling your product directly to a buyer who is interested in purchasing it rather
than to a third-party distributor. You are in charge of market research, international
distribution, shipment logistics, and invoicing.
2. Indirect 
- Trading company, export management company, piggyback, countertrade
-In its own country, an organization sells to an intermediary. This middleman then sells the
commodities on the worldwide market and handles all of the paperwork, permits, shipping,
and marketing.
-Piggybacking is an interesting development. The method means that organizations with
little exporting skill may use the services of one that has.
-Countertrade is the modem form of barter, except contracts, are not legal and it is not
covered by GATT. It can be used to circumvent import quotas.
3. Foreign 
-Licensing, joint venture, contract manufacture, ownership, export processing zone.
- Licensing: Licensing is defined as "the method of foreign operation whereby a firm in one
country agrees to permit a company in another country to use the manufacturing,
processing, trademark, know-how or some other skill provided by the licensor".
-Joint ventures can be defined as "an enterprise in which two or more investors share
ownership and control over property rights and operation". 
-Ownership: The most extensive form of participation is 100% ownership and this involves
the greatest commitment in capital and managerial effort. 
-Export processing zones (EPZs) serve as an "entry" into a market. They are primarily an
investment incentive for would-be investors but can also provide employment for the host
country and the transfer of skills as well as provide a base for the flow of goods in and out
of the country.