Question : 11.Which item not a late-mover advantage? a.Avoidance of a clash with : 1361996

11.Which item is not a late-mover advantage?

a.Avoidance of a clash with a dominant firm at home

b.Opportunity to free ride on first mover investments

c.Resolution of technological and market uncertainty

d.First mover’s difficulty to adapt to market changes

12.One benefit of large-scale market entries investments is to:

a.Assure local customers and suppliers you are here for the long haul

b.Demonstrate a commitment to a long-term investment in dollars and manpower

c.Show you are willing to take a risk

d.Indicate better control over distribution

13.One advantage of exports is:

a.Marketing distance from customers

b.Concentration of resources on production

c.Trade barriers and protectionism

d.High transportation cost for bulky products

14.One disadvantage for non-equity modes contractual agreements is:

a.Low development costs

b.Low risk in overseas expansion

c.Difficult to negotiate and enforce contracts

d.Ability to reach more customers

15.One advantage of contractual agreements is:

a.Low development costs

b.Lack of long-term presence

c.Limited coordination

d.Creation of competitors

16.One advantage of wholly owned subsidiaries is:

a.Protection of know-how

b.Complete equity and operation control

c.Fast entry speed

d.All of these answers

17.Indirect export is a(n):

a.Strategy for exporting to foreign countries

b.Strategy of exporting through domestically based intermediaries

c.Strategy for exporting through local governments

d.Indirect way to generate new revenues

18.Licensing/franchising agreements refer to:

a.Outsourcing agreements in R&D firms

b.A new corporate entity given birth to and jointly owned by two or more companies

c.Efforts among a number of firms to jointly market their products and services

d.The licensor/franchiser selling the rights to intellectual property

19.Turnkey projects refer to:

a.A non-equity mode of entry used to build a longer-term presence

b.Efforts among a number of firms to jointly market their products and services

c.Projects in which clients pay contractors to design and construct new facilities and train personnel

d.Outsourcing agreements in R&D firms

20.A green-field operation refers to:

a.A wholly owned subsidiary created through direct foreign investment

b.A wholly owned subsidiary created by building a new factory and offices from scratch

c.A wholly owned subsidiary created by acquisition

d.A licensing agreement with a firm in a host country

21.Foreign market entry is a(n) ____ overseas actions.

a.Obstacle to

b.Conclusion of

c.Foundation for

d.Unrelated concept to

22.What determines the success or failure of businesses in foreign market entries?

a.Overwhelming resources and capabilities to offset the liability of foreignness.

b.Understanding the rules of the game governing competition in foreign countries

c.Matching efforts in market entry and geographic diversification with strategic goals.

d.All of these answers

23.From a resource-based view, managers need to:

a.Develop more trained workers

b.Develop overwhelming capabilities to offset the liability of foreignness

c.Enter into more joint venture agreements

d.Outsource work to the lowest bidder

24.Managers, to succeed, need to:

a.Match efforts in market entry with strategic goals

b.Develop overwhelming resources and capabilities

c.Understand the rules of the game

d.All of these answers