Exam 5: Identifying and Analyzing Domestic and International Opportunities

List five of the nine major reasons why an entrepreneur would go global  

There are three general classifications for exporting; direct,indirect and third-party. 

Culture encompasses a wide variety of elements,including language,social structure,religion,political philosophy,economic philosophy,education,and manners and customs. 

Motivations for going global,discussed in the text,include all the following except: 

The laws governing business arrangements have been standardized over 150 international legal systems. 

In selecting a foreign market,two critical issues for the entrepreneur are foreign market selection and market entry strategy.

For a U.S.-based entrepreneurial firm,the 75 percent of the world's population living outside the United States offers a very large market opportunity. 

Licensing is best described as: 

International entrepreneurial decisions are more complex than domestic decisions due to uncontrollable factors such as economic development and stage of economic development. 

________ is not considered a nonequity arrangement. 

Which among the following influences whether customers are able to use the good or service properly and whether they are able to understand the firm's advertising or other promotional messages  

________ is a type of merger in which acquiring and acquired companies have related production and/or distribution activities but do not have products that compete directly with each other. 

If the legal system of the country the global entrepreneur is dealing with does not have a good track record,it is not possible for the contract to contain any agreement that contract disputes will be heard in the courts of a different country or home country.