Companies can engage in global trade through various methods, such as:
Exporting: Selling domestic goods and services to foreign markets. Importing: Purchasing foreign goods and services for domestic use or resale. Licensing and Franchising: Allowing foreign companies to produce and sell products under the company's brand. Joint Ventures: Partnering with foreign companies to enter new markets and share resources. Foreign Direct Investment (FDI): Investing in business operations or acquiring assets in foreign countries.