Question 1

Licensing is best described as:

Accepted Answer

A) a nonequity method of international business in which an entrepreneur contracts his or her
Management techniques and skills to a (foreign)purchasing company. 
B) a method of doing international business whereby a foreign entrepreneur supplies the manufacturing technology or infrastructure for a business and then turns it over to local owners. 
C) a method that involves giving a foreign manufacturer the right to use a patent,technology,production process,or product in return for the payment of a royalty. 
D) an equity partnership that involves selling patents to foreign governments. 
A) a nonequity method of international business in which an entrepreneur contracts his or her
Management techniques and skills to a (foreign)purchasing company. 
B) a method of doing international business whereby a foreign entrepreneur supplies the manufacturing technology or infrastructure for a business and then turns it over to local owners. 
C) a method that involves giving a foreign manufacturer the right to use a patent,technology,production process,or product in return for the payment of a royalty. 
D) an equity partnership that involves selling patents to foreign governments.

Question 2

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

Accepted Answer

A) True 
 B)False

Question 3

Motivations for going global,discussed in the text,include all the following except:

Accepted Answer

A) cheap shipping costs 
B) excess production capacity 
C) technological advantage 
D) competitive pressures 
A) cheap shipping costs 
B) excess production capacity 
C) technological advantage 
D) competitive pressures

Question 4

Exporting:

Accepted Answer

A) is the least popular method for going global. 
B) results in a lack of control over quality. 
C) results in an inability to realize location economies. 
D) can be direct or indirect. 
A) is the least popular method for going global. 
B) results in a lack of control over quality. 
C) results in an inability to realize location economies. 
D) can be direct or indirect.

Question 5

It is a practice in some cultures to hug and even kiss when greeting a known business partner.What aspect of nonverbal language is being referred to in the above example?

Accepted Answer

A) Time 
B) Business relationship 
C) Space 
D) Customs 
A) Time 
B) Business relationship 
C) Space 
D) Customs

Question 6

A vertical merger is the combination of two firms that produce one or more of the same or closely related products in the same geographical area.

Accepted Answer

A) True 
 B)False

Question 7

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

Accepted Answer

A) True 
 B)False

Question 8

A disadvantage of using licensing as an entry strategy for a foreign market is the high amount of risk involved.

Accepted Answer

A) True 
 B)False

Question 9

Nonequity arrangements discussed by the text include licensing,management projects and exporting.

Accepted Answer

A) True 
 B)False

Question 10

All of the following are questions an opportunity assessment plan might answer except:

Accepted Answer

A) How much capital do I need? 
B) What market need does it fill? 
C) What business skills do I have? 
D) Can a patent be obtained? 
A) How much capital do I need? 
B) What market need does it fill? 
C) What business skills do I have? 
D) Can a patent be obtained?

Question 11

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.

Accepted Answer

A) True 
 B)False

Question 12

Useful government sources of information include Business Source Complete and Mergent.

Accepted Answer

A) True 
 B)False

Question 13

Identify and briefly describe the four sections of an opportunity assessment plan.

Accepted Answer

The first major section develops the pro

Licensing is best described as:

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

Motivations for going global,discussed in the text,include all the following except:

Exporting:

It is a practice in some cultures to hug and even kiss when greeting a known business partner.What aspect of nonverbal language is being referred to in the above example?

A vertical merger is the combination of two firms that produce one or more of the same or closely related products in the same geographical area.

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

A disadvantage of using licensing as an entry strategy for a foreign market is the high amount of risk involved.

Nonequity arrangements discussed by the text include licensing,management projects and exporting.

All of the following are questions an opportunity assessment plan might answer except:

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.

Useful government sources of information include Business Source Complete and Mergent.

Identify and briefly describe the four sections of an opportunity assessment plan.

Entrepreneurship and the Entrepreneurial Mind-Set

Entrepreneurial Intentions and Corporate Entrepreneurship

Entrepreneurial Strategy: Generating and Exploiting New Entries

Creativity and the Business Idea

Intellectual Property and Other Legal Issues for the Entrepreneur

The Business Plan: Creating and Starting the Venture

The Marketing Plan

The Organizational Plan

The Financial Plan

Sources of Capital

Informal Risk Capital, venture Capital, and Going Public

Strategies for Growth and Managing the Implication of Growth

Accessing Resources for Growth From External Sources

Succession Planning and Strategies for Harvesting and Ending the Venture

Filters

Exam 5: Identifying and Analyzing Domestic and International Opportunities

Licensing is best described as:

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

Motivations for going global,discussed in the text,include all the following except:

Exporting:

It is a practice in some cultures to hug and even kiss when greeting a known business partner.What aspect of nonverbal language is being referred to in the above example?

A vertical merger is the combination of two firms that produce one or more of the same or closely related products in the same geographical area.

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

A disadvantage of using licensing as an entry strategy for a foreign market is the high amount of risk involved.

Nonequity arrangements discussed by the text include licensing,management projects and exporting.

All of the following are questions an opportunity assessment plan might answer except:

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.

Useful government sources of information include Business Source Complete and Mergent.

Identify and briefly describe the four sections of an opportunity assessment plan.

Entrepreneurship and the Entrepreneurial Mind-Set

Entrepreneurial Intentions and Corporate Entrepreneurship

Entrepreneurial Strategy: Generating and Exploiting New Entries

Creativity and the Business Idea

Intellectual Property and Other Legal Issues for the Entrepreneur

The Business Plan: Creating and Starting the Venture

The Marketing Plan

The Organizational Plan

The Financial Plan

Sources of Capital

Informal Risk Capital, venture Capital, and Going Public

Strategies for Growth and Managing the Implication of Growth

Accessing Resources for Growth From External Sources

Succession Planning and Strategies for Harvesting and Ending the Venture

Filters