Question 1

Explain why companies consider exporting.Describe the four-step model of developing a successful export strategy.

Accepted Answer

Companies generally begin exporting for

Question 2

Matching market needs to the company's abilities is the first step in developing a successful export strategy.

Accepted Answer

A) True 
 B)False

Question 3

Which of the following is a disadvantage of strategic alliances?

Accepted Answer

A) They are the most expensive among the investment entry modes. 
B) They increase the likelihood that one partner will try to take advantage of the other. 
C) They create future competitors. 
D) They fail to tap into their competitors' specific strengths. 
A) They are the most expensive among the investment entry modes. 
B) They increase the likelihood that one partner will try to take advantage of the other. 
C) They create future competitors. 
D) They fail to tap into their competitors' specific strengths.

Question 4

Which of the following statements is true of countertrade?

Accepted Answer

A) Countertrade is practiced by countries when there is a lack of hard currency. 
B) Countertrade involves products whose prices on world markets tend to remain steady. 
C) Countertrade usually involves industrial products and computer softwares. 
D) Hedging risk in countertrade is prohibited. 
A) Countertrade is practiced by countries when there is a lack of hard currency. 
B) Countertrade involves products whose prices on world markets tend to remain steady. 
C) Countertrade usually involves industrial products and computer softwares. 
D) Hedging risk in countertrade is prohibited.

Question 5

Gro-Tru Grows To Europe
Gro-Tru,a maker of chemical fertilizers and pesticides,sees enormous growth potential in Central Europe.The company has received several inquiries from potential importers in the region,but in most cases,the potential importers have expressed difficulty in obtaining the hard currency to pay for Gro-Tru's products.Alistair Green,vice-president for business development,is exploring how Gro-Tru can meet the needs of the potential market.
-Alistair has identified an option that might help the firm deal with the importer's inability to pay with hard currency.The option involves selling goods or services that are paid for in whole or part with other goods or services.Which of the following methods is Alistair considering?

Accepted Answer

A) auction 
B) bidding 
C) countertrade 
D) tendering 
A) auction 
B) bidding 
C) countertrade 
D) tendering

Question 6

Discuss the steps companies should take to avoid export and import blunders.How can an advance payment method help exporters reduce financial risk?

Accepted Answer

There are several errors common to compa

Explain why companies consider exporting.Describe the four-step model of developing a successful export strategy.

Matching market needs to the company's abilities is the first step in developing a successful export strategy.

Which of the following is a disadvantage of strategic alliances?

Which of the following statements is true of countertrade?

Discuss the steps companies should take to avoid export and import blunders.How can an advance payment method help exporters reduce financial risk?

Globalization

Cross-Cultural Business

Political Economy and Ethics

Economic Development of Nations

International Trade Theory

Political Economy of Trade

Foreign Direct Investment

Regional Economic Integration

International Financial Markets

International Monetary System

International Strategy and Organization

Analyzing International Opportunities

Developing and Marketing Products

Managing International Operations

Hiring and Managing Employees

Filters

Exam 13: Selecting and Managing Entry Modes

Explain why companies consider exporting.Describe the four-step model of developing a successful export strategy.

Matching market needs to the company's abilities is the first step in developing a successful export strategy.

Which of the following is a disadvantage of strategic alliances?

Which of the following statements is true of countertrade?

Discuss the steps companies should take to avoid export and import blunders.How can an advance payment method help exporters reduce financial risk?

Globalization

Cross-Cultural Business

Political Economy and Ethics

Economic Development of Nations

International Trade Theory

Political Economy of Trade

Foreign Direct Investment

Regional Economic Integration

International Financial Markets

International Monetary System

International Strategy and Organization

Analyzing International Opportunities

Developing and Marketing Products

Managing International Operations

Hiring and Managing Employees

Filters