Businesses can generate international income through various strategies:
Exporting: Selling goods and services to foreign markets. This is often the first step for businesses entering the international arena. Licensing and Franchising: Allowing foreign entities to use a company's intellectual property or business model in exchange for royalties or fees. Joint Ventures and Partnerships: Collaborating with foreign companies to share resources, expertise, and risks. Foreign Direct Investment (FDI): Establishing or acquiring business operations, such as manufacturing plants or retail outlets, in foreign countries.