Entry mode choices, such as the choice between wholly-owned affiliates and joint ventures, or between greenfield establishments and acquisitions, are yet another strategic decision with financial bearings.

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It maintains the mechanical aspects of Sell in May, avoiding emotional input, but incorporates a simple and well-known short-term technical indicator, MACD, to identify whether the market is still in correction mode when the entry date arrives in the fall, and whether it is still in rally mode when the calendar exit date arrives in the spring.

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The report found that franchise expansion was the leading mode of market entry however, organic growth and website launches accounted for the vast majority of the other market entries during this period.

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While the entry-level GZ-E320 misses out on the highlight mode, all five models share a 40X optical zoom, 1080p shooting from a BSI CMOS sensor, an SDXC card slot and a 3-inch touchscreen for previewing any would-be masterpieces.

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