Exam 18: Global Opportunities for Small Businesses

Political moves by an international country have implications on the domestic company's economic risk.

Match the term with its definition. -Insights, gained from experience, that lead to improved work performance

Seeking to extend the product life cycle by expanding into international markets has become a less effective strategy because

International franchising is a variation on the theme of

Coca-Cola leased land and built a bottling operation in Turkey. This new facility is best described as a(n)

For most small businesses, the primary motivation for going global is to

Entrepreneurs decide to go global to expand their opportunities, but sometimes they are forced to enter foreign markets to compete with firms that have already done so.

Match the term with its definition. -A strategy to sell a standard package of products, systems, and management services to a company in another country

An export remarketer sells the products overseas under its own name through contacts and assumes all risks.

Match the term with its definition. -The unauthorized use of a company's intellectual property or manufacture of its products

Match the term with its definition. -A wholly owned subsidiary formed from scratch in another country

Match the term with its definition. -The potential for political forces in a country to negatively affect the performance of businesses operating within its borders

A small firm can generate the greatest financial returns using international licensing strategies when these efforts involve the company's products.

Efforts to exploit the competitive advantage of specialized products across several international markets are more important to small businesses than to their large corporate competitors.

If Antonio accepts the offer of the Canadian grocery to sell his American-made pasta in Canada, he will be

When Wayne opened his business many years ago, most businesses operated only within one country. Thanks to _____, businesses now increasingly take advantage of cross-border activities.

Match the term with its definition. -The company buying licensing rights

A Canadian grocery store chain with its corporate headquarters in Quebec has approached Antonio's small pasta firm about possible exporting. Which of the following questions would need to be answered in relation to the pasta company's management objectives?

Match the term with its definition. -The purchase by a business in one country of a company located in another country

The primary motivation for expansion into Asian markets is to be closer to sources of raw materials.