Question 1

The liabilities of size for small businesses imply that

Accepted Answer

A)  Small businesses can grow as a result of going international. 
B)  Being small often means it may be more difficult to obtain necessary resources. 
C)  Small size creates only limited liability. 
D)  Small and new businesses can only succeed by exporting. 
A)  Small businesses can grow as a result of going international. 
B)  Being small often means it may be more difficult to obtain necessary resources. 
C)  Small size creates only limited liability. 
D)  Small and new businesses can only succeed by exporting.

Question 2

Discuss ways that a small business manager can make the contacts necessary to implement an exporting strategy.

Accepted Answer

Answers will vary but should demonstrate

Question 3

A strategic competitive advantage for breaking into the established pattern of commercial activity is a/an

Accepted Answer

A)  Low cost strategy. 
B)  Differentiation Strategy. 
C)  Entry wedge. 
D)  Participation strategy. 
A)  Low cost strategy. 
B)  Differentiation Strategy. 
C)  Entry wedge. 
D)  Participation strategy.

Question 4

Copycat businesses

Accepted Answer

A)  Follow the "me too" strategy. 
B)  Adapt existing products or services to attract customers. 
C)  Find a niche or slight innovation to gain market share from existing businesses. 
D)  All of the above 
A)  Follow the "me too" strategy. 
B)  Adapt existing products or services to attract customers. 
C)  Find a niche or slight innovation to gain market share from existing businesses. 
D)  All of the above

Question 5

When a company sets up a sales branch in a foreign country,it is at what stage of the internationalization of the small entrepreneurial business?

Accepted Answer

A)  Stage 1 
B)  Stage 2 
C)  Stage 3 
D)  Stage 4 
A)  Stage 1 
B)  Stage 2 
C)  Stage 3 
D)  Stage 4

Question 6

All of the following are first mover advantages EXCEPT

Accepted Answer

A)  First mover advantages gives the company first access to natural resources. 
B)  First mover advantages gives the company first access to social resources. 
C)  First mover advantages reduce switching costs. 
D)  All of the above are first mover advantages. 
A)  First mover advantages gives the company first access to natural resources. 
B)  First mover advantages gives the company first access to social resources. 
C)  First mover advantages reduce switching costs. 
D)  All of the above are first mover advantages.

Question 7

Technological leadership,as a source of first mover advantage refers to

Accepted Answer

A)  A company beginning business as a global start-up. 
B)  A company that adopts global strategies faster than competitors. 
C)  A company that moves quickly into a new venture. 
D)  A company that is the first to use a new technology. 
A)  A company beginning business as a global start-up. 
B)  A company that adopts global strategies faster than competitors. 
C)  A company that moves quickly into a new venture. 
D)  A company that is the first to use a new technology.

Question 8

Why are small businesses important for most economies?

Accepted Answer

Answers should state that in d

Question 9

During the second stage (Export Management)of the small business model of internationalization,the company

Accepted Answer

A)  Fills international orders only. 
B)  Specifically seeks export sales. 
C)  Seeks increased sales from licensing. 
D)  Sets up a local sales office in another country. 
A)  Fills international orders only. 
B)  Specifically seeks export sales. 
C)  Seeks increased sales from licensing. 
D)  Sets up a local sales office in another country.

Question 10

The more common techniques of making international contacts used by small businesses include all of the following EXCEPT

Accepted Answer

A)  Trade shows. 
B)  Seeking advice from foreign companies. 
C)  Government sponsored trade missions. 
D)  Catalogue expositions. 
A)  Trade shows. 
B)  Seeking advice from foreign companies. 
C)  Government sponsored trade missions. 
D)  Catalogue expositions.

The liabilities of size for small businesses imply that

Discuss ways that a small business manager can make the contacts necessary to implement an exporting strategy.

A strategic competitive advantage for breaking into the established pattern of commercial activity is a/an

Copycat businesses

When a company sets up a sales branch in a foreign country,it is at what stage of the internationalization of the small entrepreneurial business?

All of the following are first mover advantages EXCEPT

Technological leadership,as a source of first mover advantage refers to

Why are small businesses important for most economies?

During the second stage (Export Management)of the small business model of internationalization,the company

The more common techniques of making international contacts used by small businesses include 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:

The liabilities of size for small businesses imply that

Discuss ways that a small business manager can make the contacts necessary to implement an exporting strategy.

A strategic competitive advantage for breaking into the established pattern of commercial activity is a/an

Copycat businesses

When a company sets up a sales branch in a foreign country,it is at what stage of the internationalization of the small entrepreneurial business?

All of the following are first mover advantages EXCEPT

Technological leadership,as a source of first mover advantage refers to

Why are small businesses important for most economies?

During the second stage (Export Management)of the small business model of internationalization,the company

The more common techniques of making international contacts used by small businesses include 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