Exam 9: Growing and Internationalizing the Entrepreneurial Firm

Direct exports are the sale of products made through export intermediaries.

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

Explain the resource-based views in light of their effect on entrepreneurial success.

Foreign firms interested in becoming licensees or franchisees have to put their own capital up front.

In the European Union,small and medium-sized enterprises (SMEs)are defined as firms with less than _____.

Identify and explain the dilemma behind transaction costs and international entrepreneurial opportunities.

Which of the following is one of the methods by which entrepreneurial firms internationalize by staying in domestic markets?

Which of the following is true of SMEs?

One hallmark of entrepreneurial growth is a dynamic,flexible,guerrilla strategy.

Brazil has the lowest level of informal investment in the world.

Franchising is a type of internationalizing business model.

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

What is the stage model? Can SMEs internationalize faster than what is suggested by the stage model?

A letter of credit increases transaction costs by increasing transaction risks.

Sweden has the lowest venture capitalist investment in the world.

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

Both formal and informal institutional constraints,as rules of the game,affect entrepreneurship.

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

A firm can internationalize by becoming a supplier for a foreign firm that is doing business in the domestic market.

Microfinance emerged in response to the lack of financing for entrepreneurial opportunities in many developing countries.