Franchising is a type of _____________________ where services are offered by the franchiser to the franchisee in return for a payment.

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Franchising is a type of _____________________ where services are offered by the franchiser to the franchisee in return for a payment.

Question 1 options:

strategic cost sharing alliance
handshake deal
licensing agreement
exporting

Question 2 (1 point)

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The digital technologies have made it possible for ________________ organizations to reach _________________ markets.

Question 2 options:

multi-national, small domestic
small, global
cooperative, depressed
technologically advanced, closed economic

Question 3 (1 point)

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One of the advantages of direct exporting is that there is no requirement to investment in foreign production facilities. The disadvantage of this approach is that it makes it difficult to

Question 3 options:

customize products and services to suit the local market
attract investors
create a global brand
justify expanding domestic production

Question 4 (1 point)

Saved

Not all organizations should internationalize. Common reasons for not entering a foreign market include

Question 4 options:

limited international business experience
all of these reasons
per capita income in the target country is low
product adaptation costs are high

Question 5 (1 point)

Saved

The acquisition of a foreign firm as an entry strategy for an organization that is internationalizing represents the highest level of ___________________ and _________________ to/for/with the foreign operation.

Question 5 options:

control, commitment
continuity, consumer satisfaction
sustainability, concern
protectionism, loyalty

Question 6 (1 point)

Exporting, directly or indirectly, is a good way for organizations to

Question 6 options:

gauge consumer interest in the product
avoid after-sales service
learn a foreign language
dispose of off-spec product

Question 7 (1 point)

It can sometimes be more costly to pursue a multi-domestic strategy across a number of countries because it can _________________________.

Question 7 options:

limit opportunities for economies of scale
decrease shareholder wealth
lead to country manager burn-out
make it difficult to customize products and services for the local market

Question 8 (1 point)

One of the principal advantages of partnerships between domestic and foreign firms is that the arrangement tends to reduce the ________________________.

Question 8 options:

need to consult with shareholders
liability of sustainability
need to make significant investments in plant and equipment
liability of foreignness

Question 9 (1 point)

One of the challenges faced by firms that internationalize is the number of ________________________ in the target market.

Question 9 options:

domestic competitors
direct flights between the home and host country
advertising agencies
independent trade unions

Question 10 (1 point)

Developing a global presence takes ______________________________________.

Question 10 options:

a global mindset and a CEO with a Harvard MBA
the combined effort of all stakeholders to be successful
little effort and generates significant returns in the short term
time and requires substantial resources

Question 11 (1 point)

The ideal international strategy for a firm like CEMEX that makes cement is _______________________ because there is no need to ___________________________.

Question 11 options:

global, customize
transactional, add a premium for standardization
synergistic, consider sustainability
multi-domestic, be transformative

Question 12 (1 point)

When choosing a new market for a firm that is internationalizing, important markets are ones that offer ________________________.

Question 12 options:

daily direct flights from the home country
clean air
additional volume
strict environmental standards

Question 13 (1 point)

Organizations that pursue a multi-domestic strategy maximize _________________ by _________________ decision making authority.

Question 13 options:

efficiency, centralizing
local responsiveness, decentralizing
shareholder wealth, limiting
global returns, delegating domestic

Question 14 (1 point)

Most organizations would prefer to remain ______________________ but only if this market is ________________________ to support their goals.

Question 14 options:

in a single industry, attractive enough
regional, interesting enough
domestic, large enough
at home, small enough

Question 15 (1 point)

Tradeoffs between _______________ and _____________________ determine the choice of international strategy for firms that are intending to internationalize.

Question 15 options:

maximizing return on assets, minimizing capital risk
quality, quantity
stakeholder, shareholders
local responsiveness, global efficiency

Question 16 (1 point)

First mover advantage long believed to offer new market entrants an advantage can also be a disadvantage because later entrants can

Question 16 options:

take advantage of the market development efforts of the first mover
introduce substitutes quicker than the first mover
take advantage of consumer preference for novelty
pursue a cost plus strategy to weaken their rivals

Question 17 (1 point)

Strategy consists of an integrated set of choices. For firms that plan to internationalize one of the key choices is where will it operate. Another is ___________________________.

Question 17 options:

which non-governmental organization must approve the entry
how will it enter the market
which of its vice presidents will be assigned to the new operation
who to lobby at home to get approval to go abroad

Question 18 (1 point)

Global brands are often evaluated by consumers on the basis of _____________ and the organization’s commitment to __________________________,

Question 18 options:

customer service, superiority
reputation, maximizing shareholder value
quality, social responsibility
value for money, equity

Question 19 (1 point)

Market _____________ and ___________________ are often used to select an attractive foreign market for firms that are internationalizing.

Question 19 options:

size, growth rate
health, wellness
sustainability, generative capacity
standards, stakeholder preferences

Question 20 (1 point)

One of the principal drawbacks of licensing a foreign firm to manufacture products on your behalf is the the foreign firm will over time become your

Question 20 options:

shareholder
buyer
supplier
competitor
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admin 10 months 2023-01-30T12:56:55+00:00 2 Answers 8 views Teacher 0

Answers ( 2 )

    0
    2023-01-30T12:58:11+00:00

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    Answers:

    1. licensing agreement
    2. small, global
    3. customize products and services to suit the local market
    4. all of these reasons
    5. control, commitment
    6. gauge consumer interest in the product
    7. limit opportunities for economies of scale
    8. liability of foreignness
    9. domestic competitors
    10. time and requires substantial resources
    11. global, customize
    12. additional volume
    13. local responsiveness, decentralizing
    14. domestic, large enough
    15. local responsiveness, global efficiency
    16. take advantage of the market development efforts of the first mover
    17. Not available, too many questions asked.
    0
    2023-01-30T12:58:33+00:00

    Please briefly explain why you feel this answer should be reported .

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    Answers:

    1. licensing agreement
    2. small, global
    3. customize products and services to suit the local market
    4. all of these reasons
    5. control, commitment
    6. gauge consumer interest in the product
    7. limit opportunities for economies of scale
    8. liability of foreignness
    9. domestic competitors
    10. time and requires substantial resources
    11. global, customize
    12. additional volume
    13. local responsiveness, decentralizing
    14. domestic, large enough
    15. local responsiveness, global efficiency
    16. take advantage of the market development efforts of the first mover.

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