Exam 5: Identifying and Analyzing Domestic and International Opportunities

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

SCORE is a for-profit organization that provides online and in-person assistance in about 100 locations throughout the United States.

_____ is not considered a nonequity arrangement.

A nonequity arrangement is a method by which an entrepreneur can enter a market and obtain sales and profits without direct equity investment in the foreign market.

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?

The U.S.Chamber of Commerce and Small Business Development Centers are good places to get information and assistance in starting a new business.

In selecting a foreign market the selection decision should be based on both past sales and competitive positioning as well as an assessment of each foreign market alternative.

Explain what the differences are between a business plan and an opportunity assessment plan.

Concerns regarding roads,electricity,banking facilities,communication,and educational systems have to do with a country's:

Contract law varies significantly from country to country,in part reflecting the two types of legal tradition-commercial law and civil law.

Nonverbal or hidden language of the culture can be thought of in terms of several components - time,intangible value,and business relationships.

When researching foreign markets,the entrepreneur will usually want data such as population,GDP,per capita income,inflation rate,literacy rate,unemployment,and education levels.

An opportunity assessment plan:

Reference groups in any culture provide values and attitudes that influence behavior.

The objectives of the General Agreement on Tariffs and Trade was to liberalize trade by eliminating or reducing tariffs.

Gartner provides information on technology markets.

All of the following is true of the General Agreement on Tariffs and Trade except:

Only the pricing element in the business strategy of an international entrepreneur has the potential to be affected by the multiplicity of legal environments.

The Kaufmann foundation Provides resources for entrepreneurship education and research and lists the angel (private investor)groups throughout the United States.

Which of the following statements is not true?