Question 4 Your friend has a successful small-scale manufacturing business located in Perth, Western Australia and is considering setting up a new factory in Vietnam in the belief that labour costs are cheaper there

Question 4                                                                                                              (10 marks)

Your friend has a successful small-scale manufacturing business located in Perth, Western Australia and is considering setting up a new factory in Vietnam in the belief that labour costs are cheaper there.

Required:

Provide your friend with an overview of International Entry Strategies, including considerations of Risk, Control, Costs to enable a more logical decision about which mode of entry will be most appropriate.

Answer this question in about 400 words