Exam 9: Growing and Internationalizing the Entrepreneurial Firm

Is successful entrepreneurship based more on the "traits" of the entrepreneur or on the "institutions" at work in his or her environment?

The word "entrepreneurs" mostly refers to founders and owners of new businesses or managers of existing firms.

Which of the following nations has the highest level of informal investment,as a percentage of GDP,in the world? 

Entrepreneurs selling an equity stake or the entire firm to foreign entrants are using a(n) ____ strategy to internationalize.

In entrepreneurial firms,an innovation strategy allows a potentially more sustainable basis for competitive advantage.

Owners,managers,and employees at large firms tend to be more innovative and take more risks than those at entrepreneurial firms.

Which of the following types of entrepreneurs are best described as people who start,grow,and sell several businesses throughout their career? 

Becoming a licensee or franchisee of a foreign brand does not internationalize the licensee or franchisee firm.

With regard to investment in start-ups,investment by _____ is considered as informal investment.

In general,governments in developed economies impose more procedures to start a company than those in poorer countries.

Which of the following is a defining characteristic of entrepreneurship? 

It is impossible to internationalize without venturing abroad.

Which of the following nations has the lowest level of VC investment,as a percentage of GDP,in the world? 

Which of the following is true of SMEs? 

Entrepreneurial opportunities exist to lower transaction costs and bring distant groups of people,firms,and countries together.

____ perform an important "middleman" function by linking sellers and buyers overseas.

Which of the following types of societies would most likely foster more entrepreneurship? 

An institution-based view suggests that firm-specific resources and capabilities largely determine entrepreneurial success and failure.