Exam 12: Strategies for Analyzing and Entering Foreign Markets

________ refer to expenses incurred by the firm as it enters a new foreign market.

A(n) ________ is a group of U.S. firms that operate within the same industry and are allowed by law to coordinate their export activities without fear of violating U.S. antitrust laws.

Which mode of entry has the most potential to create a future competitor?

Dunning's eclectic theory is useful in understanding which mode of entry to use.

The licensees that built Tokyo Disneyland insisted on a ________ licensing agreement with the Walt Disney Company before agreeing to invest the funds necessary to build the park.

Which theory listed below is useful in deciding which mode of entry to use when entering foreign markets?

What is the difference between a B-O-T project and a turnkey project? What are the benefits of each to an international business?

Which term refers to the sale of goods by a firm in one country to an affiliated firm in another country?

Which of the following is a characteristic of exporting?

Firms should use both objective and subjective measures when considering the potential for growth in an economy.

What is liability of foreignness?

The most important trading companies in the global marketplace are Japan's sogo shosha.

Describe the basic components of foreign market analysis.

Describe the specialized entry modes for international business.

________ offer services including export management companies, Webb-Pomerene associations, and international trading companies.

The greater the investment costs incurred by the licensee, the longer is the likely duration of the licensing agreement.

Explain the licensing process.

What is indirect exporting?

Export management companies always take title to the goods.

Carmichael Candies, a U.S. firm, is considering the idea of entering the EU market through an international franchising agreement. What is the main advantage to Carmichael if the firm chooses this entry method?