Exam 12: Global Market Opportunity Assessment

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Discuss four macroeconomic trends that have the potential to significantly alter the current status of international business and trade. Discuss the questions that managers should investigate to deepen knowledge about the international market potential of a product or service

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Which of the following processes involves evaluation of a firm's strengths, weaknesses, opportunities, and threats?

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Describe the purpose of CORE. How does it aid managers?

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Which of the following is an acronym for a diagnostic tool used by organizations to determine international readiness?

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As long as a firm is confident of its product being sold, it does not need to analyze who initiates the purchase.

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Industry market potential is identical to company sales potential.

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A car rental agency that was planning to internationalize its operations would most likely select a(n)________.

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The term industry market potential can best be defined as the ________.

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Which of the following statements most likely supports CCC managers selecting Business Partner Y instead of Business Partner Z?

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With a high percentage of college-educated citizens, countries such as China and India have become a source for international firms seeking knowledge workers.

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Focal firms that intend to sell their trademark and copyrights typically work with foreign licensing partners instead of franchisors.

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Describe the two techniques most often used to estimate company sales potential in developing countries and emerging markets. Provide examples to illustrate how each method works.

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Which of the following is management's goal when utilizing gradual elimination?

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Which of the following questions needs to be addressed by managers to determine the organizational readiness to internationalize?

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Which of the following tasks in the global market opportunity assessment process should be performed directly before the task of estimating company sales potential?

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Indexing and ranking is the only way to choose markets that offer the best profits.

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The "BRIC" countries show the least potential as target markets in the near future.

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Which of the following is considered a regional hub?

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While estimating company sales potential, managers may make multiple estimates based on best-case, worst-case, and most-likely case scenarios.

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Exporting, FDI, and sourcing all have identical screening criteria.

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