Question 1

Acquisitions are quick to execute.

Accepted Answer

A) True 
 B)False

Question 2

Draw a distinction between firms based on their core competency.

Accepted Answer

The optimal choice of entry mode depends

Question 3

What is intangible property? How can intangible property be protected in a licensing agreement?

Accepted Answer

Intangible property includes patents,inv

Question 4

Educating customers is a part of pioneering costs.

Accepted Answer

A) True 
 B)False

Question 5

In _____,the contractor agrees to handle every detail of the project for a foreign client,including the training of operating personnel.

Accepted Answer

A)  exporting 
B)  licensing 
C)  franchising 
D)  turnkey projects 
A)  exporting 
B)  licensing 
C)  franchising 
D)  turnkey projects

Question 6

The most typical joint venture is a 25/75 venture.

Accepted Answer

A) True 
 B)False

Question 7

The value an international business creates in a foreign market depends on the suitability of its product offering to that market and the nature of indigenous competition.

Accepted Answer

A) True 
 B)False

Question 8

Why should a firm be cautious about entering a licensing agreement?

Accepted Answer

In a licensing agreement,the licensor gr

Question 9

What is a joint venture? What type of joint venture is most common? Provide an example of a joint venture.

Accepted Answer

A joint venture involves establishing a

Question 10

According to the _____,top managers typically overestimate their ability to create value from an acquisition.

Accepted Answer

A)  misvaluation theory 
B)  performance extrapolation hypothesis 
C)  market timing theory 
D)  hubris hypothesis 
A)  misvaluation theory 
B)  performance extrapolation hypothesis 
C)  market timing theory 
D)  hubris hypothesis

Question 11

Discuss Bartlett and Ghoshal's perspective on how firms from developing countries should approach international expansion.

Accepted Answer

Bartlett and Ghoshal suggest that compan

Question 12

Tangible property includes patents,designs,copyrights,and trademarks.

Accepted Answer

A) True 
 B)False

Question 13

Turnkey projects are most common in which of the following industries?

Accepted Answer

A)  fresh fruit,grain,and meat products 
B)  chemical,pharmaceutical,and metal refining 
C)  consumer durables,computer peripherals,and automotive parts 
D)  apparel,shoes,and leather products 
A)  fresh fruit,grain,and meat products 
B)  chemical,pharmaceutical,and metal refining 
C)  consumer durables,computer peripherals,and automotive parts 
D)  apparel,shoes,and leather products

Question 14

Patents,inventions,formulas,processes,designs,copyrights,and trademarks are all forms of _____.

Accepted Answer

A)  licensing agreements 
B)  franchising agreements 
C)  intangible property 
D)  tangible property 
A)  licensing agreements 
B)  franchising agreements 
C)  intangible property 
D)  tangible property

Question 15

The valuable asset of firms,whose competitive advantage is based on management know-how,is their _____.

Accepted Answer

A)  top management staff 
B)  USP 
C)  advertisements 
D)  brand name 
A)  top management staff 
B)  USP 
C)  advertisements 
D)  brand name

Question 16

Imagine that you are meeting with your superiors to discuss entering a foreign market.Your boss has asked you to analyze a joint venture prospect.Why might you tell your boss that the joint venture is not a good idea?

Accepted Answer

There are major disadvantages with joint

Question 17

Many American firms that sold oil-refining technology to firms in the Gulf now find themselves competing with these firms in the world oil market.This is an example of:

Accepted Answer

A)  a firm entering into a turnkey project with a foreign enterprise,inadvertently creating a competitor. 
B)  a firm entering into a turnkey deal having no long-term interest in the foreign country. 
C)  a country subsequently proving to be a major market for the output of the process that has been exported. 
D)  a firm selling its process technology through franchisees in different countries. 
A)  a firm entering into a turnkey project with a foreign enterprise,inadvertently creating a competitor. 
B)  a firm entering into a turnkey deal having no long-term interest in the foreign country. 
C)  a country subsequently proving to be a major market for the output of the process that has been exported. 
D)  a firm selling its process technology through franchisees in different countries.

Question 18

Why should a firm choose exporting as a means of foreign market expansion? Discuss the advantages and disadvantages of exporting.

Accepted Answer

Exporting has two distinct advantages.Fi

Question 19

Under a(n)_____ agreement,a firm might license some valuable intangible property to a foreign partner,but in addition to a royalty payment,the firm might also request that the foreign partner license some of its valuable know-how to the firm.

Accepted Answer

A)  integrated licensing 
B)  chartering 
C)  franchising 
D)  cross-licensing 
A)  integrated licensing 
B)  chartering 
C)  franchising 
D)  cross-licensing

Question 20

A joint venture is often politically more acceptable than a wholly owned subsidiary and brings a degree of local knowledge to the subsidiary.

Accepted Answer

A) True 
 B)False

Acquisitions are quick to execute.

Draw a distinction between firms based on their core competency.

What is intangible property? How can intangible property be protected in a licensing agreement?

Educating customers is a part of pioneering costs.

In _____,the contractor agrees to handle every detail of the project for a foreign client,including the training of operating personnel.

The most typical joint venture is a 25/75 venture.

The value an international business creates in a foreign market depends on the suitability of its product offering to that market and the nature of indigenous competition.

Why should a firm be cautious about entering a licensing agreement?

What is a joint venture? What type of joint venture is most common? Provide an example of a joint venture.

According to the _____,top managers typically overestimate their ability to create value from an acquisition.

Discuss Bartlett and Ghoshal's perspective on how firms from developing countries should approach international expansion.

Tangible property includes patents,designs,copyrights,and trademarks.

Turnkey projects are most common in which of the following industries?

Patents,inventions,formulas,processes,designs,copyrights,and trademarks are all forms of _____.

The valuable asset of firms,whose competitive advantage is based on management know-how,is their _____.

Imagine that you are meeting with your superiors to discuss entering a foreign market.Your boss has asked you to analyze a joint venture prospect.Why might you tell your boss that the joint venture is not a good idea?

Many American firms that sold oil-refining technology to firms in the Gulf now find themselves competing with these firms in the world oil market.This is an example of:

Why should a firm choose exporting as a means of foreign market expansion? Discuss the advantages and disadvantages of exporting.

Under a(n)_____ agreement,a firm might license some valuable intangible property to a foreign partner,but in addition to a royalty payment,the firm might also request that the foreign partner license some of its valuable know-how to the firm.

A joint venture is often politically more acceptable than a wholly owned subsidiary and brings a degree of local knowledge to the subsidiary.

Globalization

National Differences in Political Economy

Political Economy and Economic Development

Differences in Culture

Ethics in International Business

International Trade Theory

The Political Economy of International Trade

Foreign Direct Investment

Regional Economic Integration

The Foreign Exchange Market

The International Monetary System

The Global Capital Market

The Strategy of International Business

The Organization of International Business

Exporting, Importing, and Countertrade

Global Production, Outsourcing, and Logistics

Global Marketing and RD

Global Human Resource Management

Accounting and Finance in the International Business

Filters

Exam 15: Entry Strategy and Strategic Alliances

Acquisitions are quick to execute.

Draw a distinction between firms based on their core competency.

What is intangible property? How can intangible property be protected in a licensing agreement?

Educating customers is a part of pioneering costs.

In _____,the contractor agrees to handle every detail of the project for a foreign client,including the training of operating personnel.

The most typical joint venture is a 25/75 venture.

The value an international business creates in a foreign market depends on the suitability of its product offering to that market and the nature of indigenous competition.

Why should a firm be cautious about entering a licensing agreement?

What is a joint venture? What type of joint venture is most common? Provide an example of a joint venture.

According to the _____,top managers typically overestimate their ability to create value from an acquisition.

Discuss Bartlett and Ghoshal's perspective on how firms from developing countries should approach international expansion.

Tangible property includes patents,designs,copyrights,and trademarks.

Turnkey projects are most common in which of the following industries?

Patents,inventions,formulas,processes,designs,copyrights,and trademarks are all forms of _____.

The valuable asset of firms,whose competitive advantage is based on management know-how,is their _____.

Imagine that you are meeting with your superiors to discuss entering a foreign market.Your boss has asked you to analyze a joint venture prospect.Why might you tell your boss that the joint venture is not a good idea?

Many American firms that sold oil-refining technology to firms in the Gulf now find themselves competing with these firms in the world oil market.This is an example of:

Why should a firm choose exporting as a means of foreign market expansion? Discuss the advantages and disadvantages of exporting.

Under a(n)_____ agreement,a firm might license some valuable intangible property to a foreign partner,but in addition to a royalty payment,the firm might also request that the foreign partner license some of its valuable know-how to the firm.

A joint venture is often politically more acceptable than a wholly owned subsidiary and brings a degree of local knowledge to the subsidiary.

Globalization

National Differences in Political Economy

Political Economy and Economic Development

Differences in Culture

Ethics in International Business

International Trade Theory

The Political Economy of International Trade

Foreign Direct Investment

Regional Economic Integration

The Foreign Exchange Market

The International Monetary System

The Global Capital Market

The Strategy of International Business

The Organization of International Business

Exporting, Importing, and Countertrade

Global Production, Outsourcing, and Logistics

Global Marketing and RD

Global Human Resource Management

Accounting and Finance in the International Business

Filters