A business may explore the advantages of licensing, franchising, management contracts, and turnkey projects. After businesses become comfortable in a particular market, joint ventures, strategic alliances, and wholly-owned subsidiaries become viable options. Which strategic factor influences this investment entry decision?

Answer: International experience

Explanation: In simple words, strategic factors refers to the factors that an organisation has to focus on if they want to keep their key stakeholders satisfied that are, customers, suppliers and employees etc.

In the given case, intentional experience refers to the potential customers and profit that an organisation can gain from other countries markets. Thus, to effectively operate and achieve that factor, an organisation have to focus on several other sub factors such mode of entry etc.