Exam 18: Global Opportunities for Small Businesses

Match the term with its definition. -Efficiencies from expansion of production that result from spreading fixed costs over more units of output

Mattel has allowed a producer in Thailand to manufacture and sell its branded dolls in overseas markets. The company in Thailand is a

To expand a market, an emerging motivation for going global is to

Match the term with its definition. -An agency that distributes a company's products on a contract basis to customers in another country

Regional free-trade areas have been formed in order to

Match the term with its definition. -Small companies launched with cross-border business activities in mind

A Canadian grocery store chain with its corporate headquarters in Quebec has approached Antonio, the owner of a company that produces pasta, about exporting its pasta into Canada. Which of the following questions would need to be answered in relation to the company's production capacity objectives?

Increasingly, small firms find that they must locate their operations abroad if they are to keep their contracts as suppliers to large companies.

Foreign governments sometimes sponsor trade missions to promote strategic alliances in international markets.

Describe the role that trade intermediaries play in assisting small businesses that choose to go global. Identify the types of trade intermediaries that are most suited for small businesses.

A company specializing in flavoring compounds opens a plant near the rain forest. This move enables its biologists to derive flavors without destroying the plants and supports company globalization efforts being related to

The risk that a new government regulation could damage business activity in a country is considered _____ risk.

The Federation of International Trade Associations website is a source of trade

Match the term with its definition. -Fees paid by the licensee to the licensor for each unit produced under a licensing contract

Match the term with its definition. -Per-unit savings gained from the repeated production of the same product

Antonio's small pasta firm is considering exporting. A Canadian grocery store chain with its corporate headquarters in Quebec has approached him. Which question would need to be answered in relation to the pasta company's management experience and resource objectives?

Which of the following countries would be the least challenging in its ease of doing business according to the World Bank's index?

Match the term with its definition. -A strategy that involves relocating operations abroad

Match the term with its definition. -An organizational relationship that allows companies in different countries to pool resources and share risks as they enter new markets

A group of four Kentucky business owners all in business in the international equine industry fly to Ireland to meet potential buyers. Describe what this group would be hoping to accomplish from the trip.