Exam 8: Entering Global Markets

A large and growing domestic market will commonly provide incentive for companies to expand internationally.

The market entry mode in which facilities are designed,constructed,equipped and then remitted to the purchaser,often with trained personnel,is known as __________________________.

The heaviest users of outsourcing are human resource firms.

Changes in economic,competitive,government,and market factors,can be anticipated by the process of _______________________________.

The purchaser of a turnkey operation must accommodate all of the following except ___________________.

In order to optimize foreign markets,the entry mode employed must be consistent and retain its original structure.

When ServiceWrap,a major blow molder of consumer food service films and wraps,cooperates with Alumall,metal processors making food service foils and stainless steel tableware,to tap the hospitality market in Russia,the firms have formed a _________________________.

The most important indicator of how quickly a firm is ready and willing to export is the speed at which resources beneficial to international competitiveness are developed.

The process of transferring the rights to a firm's products to an overseas company for the purpose of producing or selling it there is referred to as _________________.

The two categories of external factors considered in determining the mode of global market entry are ____________________________.

"What are the key success factors for our products?" "Do we have excess production capacity?" and "Which of our products have the highest potential abroad?" are all questions posed when a firm determines ___________________________.

Virginie is President of Plast-Right products,a firm planning on manufacturing food service equipment in a new facility in Abu Dhabi .At a party,her nephew quizzes her about the project."You must be inundated with issues regarding equipment,site visits and local compliance issues!" he observes."Not at all," she replied."I've got my issues,believe me,but these details are all being handled as part of our ___________".

When Saudi Aramco and Dow Chemical announced their plans to construct and operate a new petrochemical facility in Jubail,Saudi Arabia,each with a percentage ownership in the facility,they described a basic _______________________________.

Shana and her finance colleagues are discussing the costs associated with an international market expansion,which includes the need for new product development funds.Their concerns represent __________ factors.

When Nutrablend Corporation assessed its mode of entry for operations in Belgium,it discovered that foreign sales office personnel were subject to high levels of corporate contribution to social security programs.Nutrablend then decided to utilize its UK sales office for sales into the market.The company was affected by the target country's factor of ___________________ conditions.

Licensors are compensated via _____________________.

Compared to direct investment,international strategic alliances embody all of the following benefits except _____________________.

Franchising has reached a saturation point in both developed and emerging markets.

While small and large companies are different in many respects,their choices of market entry methods are often the same.

The fact that the typical channel of distribution in State Chemical's target market involves many intermediaries and several layers of pricing discouraged them pursuing business there.The firm was impacted by the target country factor of __________________________.