Relacionar Columnas International Hospitality Versión en línea Tourism Management II por maria graciela garcia gonzalez 1 Management contracts. 2 Foreign market entry strategies 3 Hotel consortia. 4 Product and trade name franchise. 5 Business-format franchise. 6 Input strategies depend on: -Wholly owned -Licensing/franchising -Management contracts -Consortia -The critical business environmental factors in host country. -The advantages and disadvantages that each choice would make to the overall vision and objectives of the company. Can be defined as a contract under the terms of which a company agrees to manage another one, on behalf of and at the risk of the latter, in exchange for financial remuneration.