Exam 6: Entering Foreign Markets

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​Emerging MNEs do not always fit into the traditional framework of successful multinationals,but are falling under a new theory called the LLL advantage.Which of the following is NOT part of that theory?

(Multiple Choice)
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Small firms often go abroad to follow their large counterparts as suppliers. ​

(True/False)
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​Among the resource-based consideration a firm faces when deciding whether to enter foreign markets is:

(Multiple Choice)
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​In industries that face high barriers to entry,firms are more likely to:

(Multiple Choice)
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​A firm faces resources-based,industry-based,and institution-based considerations when entering foreign markets.Describe the formal institution-based constraints of such a firm.

(Essay)
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​Which of the following would be considered an obstacle to internationalization for a small firm in a large domestic market?

(Multiple Choice)
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​The more a company leverages its patented,branded,and trademarked products abroad,the less likely it is that counterfeits of these products will pop up.

(True/False)
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​A firm that spreads out its activities in a number of countries in different currency zones in order to offset the currency losses in certain regions through gains in other regions is engaged in:

(Multiple Choice)
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One of the drawbacks of large-scale entries is limited strategic flexibility.

(True/False)
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​According to the textbook,what is most necessary to overcome the liability of foreignness?

(Multiple Choice)
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Large-scale entries do which of the following?

(Multiple Choice)
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Late-mover advantages do not include:

(Multiple Choice)
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​Which of the following mottos is applicable when considering the where-to-enter question of foreign market entry?

(Multiple Choice)
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​The ________ strategy treats foreign demand as an extension of domestic demand.

(Multiple Choice)
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​When it comes to the propensity to internationalize,an enthusiastic internationalizer will most likely be characterized by being a:

(Multiple Choice)
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Is "foreignness" a liability or an asset? What causes it to be one or the other?

(Essay)
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​One of the main first-mover advantages a firm tries to gain is the resolution of technological and market uncertainties.

(True/False)
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​One of the best ways for a foreign market entrant to overcome the liability of foreignness is through its superb value of firm-specific assets.

(True/False)
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First-mover advantages do not include:

(Multiple Choice)
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Indirect exporting firms avoid exporting through domestically based intermediaries.

(True/False)
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