Question 1

An entrepreneur

Accepted Answer

A)  Creates new ventures that seek profit and growth. 
B)  Is seldom the primary force behind a company's decision to go international. 
C)  Can accurately predict the risks and uncertainties of his/her ventures. 
D)  Faces less uncertainty than a multinational. 
A)  Creates new ventures that seek profit and growth. 
B)  Is seldom the primary force behind a company's decision to go international. 
C)  Can accurately predict the risks and uncertainties of his/her ventures. 
D)  Faces less uncertainty than a multinational.

Question 2

Although large businesses have more resources,small businesses have the advantage of:

Accepted Answer

A)  size. 
B)  time. 
C)  speed. 
D)  a global culture. 
A)  size. 
B)  time. 
C)  speed. 
D)  a global culture.

Question 3

A global start-up is

Accepted Answer

A)  A company that goes global from day one of its life. 
B)  A company that starts a global strategy after exporting. 
C)  A company that skips the first stage of the Small Business Model of Internationalization. 
D)  None of the above 
A)  A company that goes global from day one of its life. 
B)  A company that starts a global strategy after exporting. 
C)  A company that skips the first stage of the Small Business Model of Internationalization. 
D)  None of the above

Question 4

Imagine a small business manager asks you,a recent business college graduate,to help her decide whether she should enter the export market.What questions would you ask her and why?

Accepted Answer

Answers will vary but should incorporate

Question 5

Identify two or three small business barriers to internationalization.If you were a recently hired manager of a small business facing great opportunities in a foreign market,how would you go about overcoming these barriers.

Accepted Answer

Answers will vary but should include som

Question 6

Which of the following statements about small businesses in the US is FALSE?

Accepted Answer

A)  Small businesses represent about 99.7% of all employing firms. 
B)  Small businesses generate about 15% of all new jobs annually. 
C)  Small businesses employ almost 41% of all high tech workers. 
D)  Small businesses represent almost 97% of identified exporters. 
A)  Small businesses represent about 99.7% of all employing firms. 
B)  Small businesses generate about 15% of all new jobs annually. 
C)  Small businesses employ almost 41% of all high tech workers. 
D)  Small businesses represent almost 97% of identified exporters.

Question 7

When demand for a small business is so high in a foreign country that it justifies setting up a local branch,which of the following stages of internationalization is the small business at?

Accepted Answer

A)  Export management 
B)  Passive exporting 
C)  Production abroad 
D)  None of the above 
A)  Export management 
B)  Passive exporting 
C)  Production abroad 
D)  None of the above

Question 8

According to the text,which of the following participation strategies do small businesses emphasize?

Accepted Answer

A)  Importing 
B)  Licensing 
C)  Foreign direct investment 
D)  Exporting 
A)  Importing 
B)  Licensing 
C)  Foreign direct investment 
D)  Exporting

Question 9

The development of a global culture is affected by all of the following characteristics of the key decision makers EXCEPT

Accepted Answer

A)  Ability to perform well at the domestic level. 
B)  International experience. 
C)  Perceived psychological distance to foreign markets. 
D)  Overall attitudes toward international strategies. 
A)  Ability to perform well at the domestic level. 
B)  International experience. 
C)  Perceived psychological distance to foreign markets. 
D)  Overall attitudes toward international strategies.

Question 10

International sales intensity represents

Accepted Answer

A)  A significant size barrier to internationalization. 
B)  The amount of international sales as a proportion of total sales. 
C)  The amount of local sales as a proportion of international sales. 
D)  Is more relevant for larger businesses. 
A)  A significant size barrier to internationalization. 
B)  The amount of international sales as a proportion of total sales. 
C)  The amount of local sales as a proportion of international sales. 
D)  Is more relevant for larger businesses.

Question 11

When a small business uses significant resources to seek increased sales from exporting,it is what stage of internationalization?

Accepted Answer

A)  Stage 1 - Passive exporting 
B)  Stage 2 - Export management 
C)  Stage 3 - Export department 
D)  Stage 4 - Sales branch 
A)  Stage 1 - Passive exporting 
B)  Stage 2 - Export management 
C)  Stage 3 - Export department 
D)  Stage 4 - Sales branch

Question 12

Which of the following is NOT a common customer contact technique used by small firms to get find customers?

Accepted Answer

A)  Trade shows 
B)  Industry advisory boards 
C)  Government sponsored trade missions 
D)  Catalog expositions 
A)  Trade shows 
B)  Industry advisory boards 
C)  Government sponsored trade missions 
D)  Catalog expositions

Question 13

Small businesses differ from large businesses when going international primarily in

Accepted Answer

A)  The available participation strategies. 
B)  The strategies they can use to go international. 
C)  Their founder's or entrepreneur's influence. 
D)  The available multinational strategies. 
A)  The available participation strategies. 
B)  The strategies they can use to go international. 
C)  Their founder's or entrepreneur's influence. 
D)  The available multinational strategies.

Question 14

Future Tech International sells high tech products in Latin America,a market traditionally ignored by many high tech companies.What successful copycat strategy does this move represent?

Accepted Answer

A)  Acquiring existing businesses 
B)  Becoming a dedicated distributor 
C)  Seeking abandoned or ignored markets 
D)  Being the first to change to a new standard 
A)  Acquiring existing businesses 
B)  Becoming a dedicated distributor 
C)  Seeking abandoned or ignored markets 
D)  Being the first to change to a new standard

Question 15

A multinational manager is studying the data on total entrepreneurial activity ratings by country.She is most likely doing this in order to

Accepted Answer

A)  Assess the level of entrepreneurship in a country. 
B)  Understand available industries. 
C)  Assess small business failure. 
D)  Understand opportunities for new ventures. 
A)  Assess the level of entrepreneurship in a country. 
B)  Understand available industries. 
C)  Assess small business failure. 
D)  Understand opportunities for new ventures.

Question 16

Successful strategies for copy cats include all of the following EXCEPT

Accepted Answer

A)  Being the first to change to a new standard. 
B)  Transferring the location. 
C)  Seeking abandoned or ignored market. 
D)  Selling products at a global level. 
A)  Being the first to change to a new standard. 
B)  Transferring the location. 
C)  Seeking abandoned or ignored market. 
D)  Selling products at a global level.

Question 17

Describe the Small Business Stage Model.

Accepted Answer

Answers should briefly explain

Question 18

The discovery,evaluation and exploitation of market opportunities refers to which of the following?

Accepted Answer

A)  Entrepreneurship 
B)  International entrepreneurship 
C)  Small business 
D)  International opportunities 
A)  Entrepreneurship 
B)  International entrepreneurship 
C)  Small business 
D)  International opportunities

Question 19

The small business advantage refers to

Accepted Answer

A)  The energy and creativity entrepreneurs can put in their multinational operations. 
B)  The ease by which small companies can become global start-ups. 
C)  The speed by which entrepreneurs can react to changing conditions and capture significant sales before larger companies can react. 
D)  The number of venture capitalists willing to invest in successful small businesses. 
A)  The energy and creativity entrepreneurs can put in their multinational operations. 
B)  The ease by which small companies can become global start-ups. 
C)  The speed by which entrepreneurs can react to changing conditions and capture significant sales before larger companies can react. 
D)  The number of venture capitalists willing to invest in successful small businesses.

Question 20

First mover advantage includes all of the following EXCEPT

Accepted Answer

A)  Technological leadership. 
B)  First access to natural and other resources. 
C)  Better ability to forecast market conditions. 
D)  Switching costs. 
A)  Technological leadership. 
B)  First access to natural and other resources. 
C)  Better ability to forecast market conditions. 
D)  Switching costs.

An entrepreneur

Although large businesses have more resources,small businesses have the advantage of:

A global start-up is

Imagine a small business manager asks you,a recent business college graduate,to help her decide whether she should enter the export market.What questions would you ask her and why?

Identify two or three small business barriers to internationalization.If you were a recently hired manager of a small business facing great opportunities in a foreign market,how would you go about overcoming these barriers.

Which of the following statements about small businesses in the US is FALSE?

When demand for a small business is so high in a foreign country that it justifies setting up a local branch,which of the following stages of internationalization is the small business at?

According to the text,which of the following participation strategies do small businesses emphasize?

The development of a global culture is affected by all of the following characteristics of the key decision makers EXCEPT

International sales intensity represents

When a small business uses significant resources to seek increased sales from exporting,it is what stage of internationalization?

Which of the following is NOT a common customer contact technique used by small firms to get find customers?

Small businesses differ from large businesses when going international primarily in

Future Tech International sells high tech products in Latin America,a market traditionally ignored by many high tech companies.What successful copycat strategy does this move represent?

A multinational manager is studying the data on total entrepreneurial activity ratings by country.She is most likely doing this in order to

Successful strategies for copy cats include all of the following EXCEPT

Describe the Small Business Stage Model.

The discovery,evaluation and exploitation of market opportunities refers to which of the following?

The small business advantage refers to

First mover advantage includes all of the following EXCEPT

Multinational Management in a Changing World

Culture and Multinational Management

The Institutional Context of Multinational Management

Managing Ethical and Social Responsibility Challenges in Multinational Companies

Strategic Management in the Multinational Company: Content and Formulation

Multinational and Entry-Mode Strategies: Content and Formulation

Organizational Design for Multinational Companies

International Strategic Alliances: Management and Design

Multinational E-Commerce: Strategies and Structures

International Human Resource Management

Hrm in the Local Context: Knowing When and How to Adapt

International Negotiation and Cross-Cultural Communication

Motivation in Multinational Companies

Leadership and Management Behavior in Multinational Companies

Filters

Exam 7: Small Businesses and International Entrepreneurship:

An entrepreneur

Although large businesses have more resources,small businesses have the advantage of:

A global start-up is

Imagine a small business manager asks you,a recent business college graduate,to help her decide whether she should enter the export market.What questions would you ask her and why?

Identify two or three small business barriers to internationalization.If you were a recently hired manager of a small business facing great opportunities in a foreign market,how would you go about overcoming these barriers.

Which of the following statements about small businesses in the US is FALSE?

When demand for a small business is so high in a foreign country that it justifies setting up a local branch,which of the following stages of internationalization is the small business at?

According to the text,which of the following participation strategies do small businesses emphasize?

The development of a global culture is affected by all of the following characteristics of the key decision makers EXCEPT

International sales intensity represents

When a small business uses significant resources to seek increased sales from exporting,it is what stage of internationalization?

Which of the following is NOT a common customer contact technique used by small firms to get find customers?

Small businesses differ from large businesses when going international primarily in

Future Tech International sells high tech products in Latin America,a market traditionally ignored by many high tech companies.What successful copycat strategy does this move represent?

A multinational manager is studying the data on total entrepreneurial activity ratings by country.She is most likely doing this in order to

Successful strategies for copy cats include all of the following EXCEPT

Describe the Small Business Stage Model.

The discovery,evaluation and exploitation of market opportunities refers to which of the following?

The small business advantage refers to

First mover advantage includes all of the following EXCEPT

Multinational Management in a Changing World

Culture and Multinational Management

The Institutional Context of Multinational Management

Managing Ethical and Social Responsibility Challenges in Multinational Companies

Strategic Management in the Multinational Company: Content and Formulation

Multinational and Entry-Mode Strategies: Content and Formulation

Organizational Design for Multinational Companies

International Strategic Alliances: Management and Design

Multinational E-Commerce: Strategies and Structures

International Human Resource Management

Hrm in the Local Context: Knowing When and How to Adapt

International Negotiation and Cross-Cultural Communication

Motivation in Multinational Companies

Leadership and Management Behavior in Multinational Companies

Filters