Exam 10: Entering Foreign Markets

Liability of foreignness is _____.

Which of the following is a benefit of large-scale entries?

Which of the following is a first-mover advantage?

The scale of entry refers to the amount of resources committed to entering a foreign market.

A build-operate-transfer (BOT)agreement is an equity mode of entry.

Co-marketing has the ability to reach more customers but with limited control and coordination.

A greenfield operation refers to _____.

A firm that exports or imports,with or without FDI,is regarded as an MNE.

Which of the following is true of licensing/franchising?

With regard to foreign market entry,the resource-based view argues that foreign firms need to:

Which of the following is a late-mover advantage?

The resource-based view argues that foreign firms need to deploy overwhelming resources and capabilities to offset their liability of foreignness.

Which of the following is true of indirect exports?

Define a wholly owned subsidiary (WOS).What are the two primary means to set up a WOS?

Location-specific advantages never change and only tend to grow.

According to the stage model,firms will enter culturally distant countries for their first internationalization.

In the LLL framework,_____ refers to an emerging MNE's ability to identify and bridge gaps in its market.

Natural resource-seeking firms have compelling reasons to enter culturally and institutionally distant countries.This is a counter example of _____.

An advantage of joint ventures is the shared costs,risks,and profits.

The "leverage" in the LLL framework focuses on an MNE's deep understanding of its customer needs and wants.