Which of the following is NOT a mode of entry into international markets?

Divestiture is not considered a mode of entry into international markets; rather, it refers to the process of selling off a subsidiary or an asset. When companies enter international markets, they typically seek various strategies or modes that allow them to establish a presence and engage in business activities abroad. These methods include exporting, where goods are produced in one country and sold in another; licensing, which involves allowing a foreign company to produce and sell products under the original company's brand; and franchising, a structured form of licensing where a franchisor allows a franchisee to operate a business using its brand and business model.

In contrast, divestiture relates to exiting a market or reducing investments, making it an unattractive option for gaining entry into new markets. Recognizing the distinctions between entry strategies and divestiture is crucial for understanding international business operations.