Question 1

An area that has emerged as the outsourcing hub and back office of the Western world is South America.

Accepted Answer

A) True 
 B)False

Question 2

Outsourcing involves strategic alliances.

Accepted Answer

A) True 
 B)False

Question 3

Why would a firm choose to enter a market through a joint venture?

Accepted Answer

Joint ventures involve a foreign company

Question 4

When a licensee cannot guarantee the product's quality it is preferable for the licensor to

Accepted Answer

A) export to the market. 
B) license with the brand name. 
C) license without the brand name. 
D) create a joint venture. 
A) export to the market. 
B) license with the brand name. 
C) license without the brand name. 
D) create a joint venture.

Question 5

_________________________ involve a foreign company joining with a local company, sharing capital, equity, labor, among others, to set up a new corporate entity.

Accepted Answer

The answer of _________________________ involve a foreign company joining with...

Question 6

Even weather patterns could lead to the failure of a joint venture.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following is not considered to be a strategic alliance?

Accepted Answer

A) Distribution alliances 
B) Manufacturing alliances 
C) Marketing alliances 
D) Intra-firm functional alliances 
A) Distribution alliances 
B) Manufacturing alliances 
C) Marketing alliances 
D) Intra-firm functional alliances

Question 8

Regarding the advantages and disadvantages of franchising, the international marketer knows that

Accepted Answer

A) in international markets, the franchisor experiences greater risk than if it opened its own company store. 
B) through franchising agreements, the franchisor reduces the possibility of competition. 
C) franchising is a method that allows for very rapid market penetration. 
D) All of the above are true. 
A) in international markets, the franchisor experiences greater risk than if it opened its own company store. 
B) through franchising agreements, the franchisor reduces the possibility of competition. 
C) franchising is a method that allows for very rapid market penetration. 
D) All of the above are true.

Question 9

Which statement is false regarding indirect exporting?

Accepted Answer

A) Indirect exporting does not require market expertise. 
B) Indirect exporting does not require a long-term commitment. 
C) The company's risk is minimal in indirect exporting. 
D) Indirect exporting indicates that the firm is not committed to the market. 
A) Indirect exporting does not require market expertise. 
B) Indirect exporting does not require a long-term commitment. 
C) The company's risk is minimal in indirect exporting. 
D) Indirect exporting indicates that the firm is not committed to the market.

Question 10

_________________________, like subsidiaries, also offer companies a high level of control over operations and profits in international markets. In terms of risk, however, the company invests much less in the market that can be lost in a government takeover attempt, compared with a subsidiary.

Accepted Answer

The answer of _________________________, like subsidiaries, also offer companies a...

Question 11

____________________ is a principal entry mode for the service industry.

Accepted Answer

The answer of ____________________ is a principal entry mode for...

Question 12

U.S. based Northwest Airlines is in charge of all sales in the United States for the KLM Royal Dutch Airlines. This is an example of a(n) _________________________.

Accepted Answer

The answer of U.S. based Northwest Airlines is in charge...

Question 13

Companies engaging in _________________________ have their own in-house exporting expertise, usually in the form of an exporting department.

Accepted Answer

The answer of Companies engaging in _________________________ have their own...

Question 14

France's Renault granted a license to build ____________________ brand automobiles in Romania in the 1960's.

Accepted Answer

The answer of France's Renault granted a license to build...

Question 15

______________________________ carry the greatest level of risk of nationalization.

Accepted Answer

Wholly-owned subsidi

Question 16

Most of current outsourcing activity is handled using internal staff and resources.

Accepted Answer

A) True 
 B)False

Question 17

A disadvantage of franchising is that can create future competitors.

Accepted Answer

A) True 
 B)False

Question 18

What are the advantages and disadvantages of licensing?

Accepted Answer

Licensing permits the company aces to ma

Question 19

In Singapore and Korea, average hourly costs are about _________________________ and _________________________, respectively; considering the high productivity of these countries' highly educated workforce, Singapore and Korea may be attractive labor markets for skilled manufacturing work.

Accepted Answer

$7.00, $12

Question 20

Which of the countries below has the highest hourly compensation costs for producing workers in manufacturing?

Accepted Answer

A) Australia 
B) Italy 
C) United States 
D) Israel 
A) Australia 
B) Italy 
C) United States 
D) Israel

An area that has emerged as the outsourcing hub and back office of the Western world is South America.

Outsourcing involves strategic alliances.

Why would a firm choose to enter a market through a joint venture?

When a licensee cannot guarantee the product's quality it is preferable for the licensor to

_________________________ involve a foreign company joining with a local company, sharing capital, equity, labor, among others, to set up a new corporate entity.

Even weather patterns could lead to the failure of a joint venture.

Which of the following is not considered to be a strategic alliance?

Regarding the advantages and disadvantages of franchising, the international marketer knows that

Which statement is false regarding indirect exporting?

_________________________, like subsidiaries, also offer companies a high level of control over operations and profits in international markets. In terms of risk, however, the company invests much less in the market that can be lost in a government takeover attempt, compared with a subsidiary.

____________________ is a principal entry mode for the service industry.

U.S. based Northwest Airlines is in charge of all sales in the United States for the KLM Royal Dutch Airlines. This is an example of a(n) _________________________.

Companies engaging in _________________________ have their own in-house exporting expertise, usually in the form of an exporting department.

France's Renault granted a license to build ____________________ brand automobiles in Romania in the 1960's.

______________________________ carry the greatest level of risk of nationalization.

Most of current outsourcing activity is handled using internal staff and resources.

A disadvantage of franchising is that can create future competitors.

What are the advantages and disadvantages of licensing?

In Singapore and Korea, average hourly costs are about _ and _, respectively; considering the high productivity of these countries' highly educated workforce, Singapore and Korea may be attractive labor markets for skilled manufacturing work.

Which of the countries below has the highest hourly compensation costs for producing workers in manufacturing?

Scope, Concepts, and Drivers of International Marketing

An Overview of the International Marketing Environment

International Trade: Institutional Barriers and Facilitators

Regional Economic and Political Integration

Cultural Influences on International Marketing

International Marketing Research: Practices and Challenges

International Strategic Planning

Products and Services: Branding Decisions in International Markets

International Product and Service Strategies

Managing International Distribution Operations and Logistics

International Retailing

The International Promotional Mix and Advertising Strategies

International Publicity, Public Relations, and Sales Promotion Strategies

International Personal Selling and Personnel Management

International Pricing Strategy

Organizing and Controlling International Marketing Operations and Perspectives for the Future

Filters

Exam 8: Expansion Strategies and Entry Mode Selection

An area that has emerged as the outsourcing hub and back office of the Western world is South America.

Outsourcing involves strategic alliances.

Why would a firm choose to enter a market through a joint venture?

When a licensee cannot guarantee the product's quality it is preferable for the licensor to

_________________________ involve a foreign company joining with a local company, sharing capital, equity, labor, among others, to set up a new corporate entity.

Even weather patterns could lead to the failure of a joint venture.

Which of the following is not considered to be a strategic alliance?

Regarding the advantages and disadvantages of franchising, the international marketer knows that

Which statement is false regarding indirect exporting?

_________________________, like subsidiaries, also offer companies a high level of control over operations and profits in international markets. In terms of risk, however, the company invests much less in the market that can be lost in a government takeover attempt, compared with a subsidiary.

____________________ is a principal entry mode for the service industry.

U.S. based Northwest Airlines is in charge of all sales in the United States for the KLM Royal Dutch Airlines. This is an example of a(n) _________________________.

Companies engaging in _________________________ have their own in-house exporting expertise, usually in the form of an exporting department.

France's Renault granted a license to build ____________________ brand automobiles in Romania in the 1960's.

______________________________ carry the greatest level of risk of nationalization.

Most of current outsourcing activity is handled using internal staff and resources.

A disadvantage of franchising is that can create future competitors.

What are the advantages and disadvantages of licensing?

In Singapore and Korea, average hourly costs are about _________________________ and _________________________, respectively; considering the high productivity of these countries' highly educated workforce, Singapore and Korea may be attractive labor markets for skilled manufacturing work.

Which of the countries below has the highest hourly compensation costs for producing workers in manufacturing?

Scope, Concepts, and Drivers of International Marketing

An Overview of the International Marketing Environment

International Trade: Institutional Barriers and Facilitators

Regional Economic and Political Integration

Cultural Influences on International Marketing

International Marketing Research: Practices and Challenges

International Strategic Planning

Products and Services: Branding Decisions in International Markets

International Product and Service Strategies

Managing International Distribution Operations and Logistics

International Retailing

The International Promotional Mix and Advertising Strategies

International Publicity, Public Relations, and Sales Promotion Strategies

International Personal Selling and Personnel Management

International Pricing Strategy

Organizing and Controlling International Marketing Operations and Perspectives for the Future

Filters

In Singapore and Korea, average hourly costs are about _ and _, respectively; considering the high productivity of these countries' highly educated workforce, Singapore and Korea may be attractive labor markets for skilled manufacturing work.