Companies grow internationally in order to: Question 1 options: Keep up with dom

Question

Companies grow internationally in order to:

Question 1 options:

Keep up with domestic and foreign competition

Minimize seasonal sales fluctations

Overcome low growth in domestic or existing markets

All of the above

Company A manufactures their products in the USA and sells them internationally through distributors located in foreign countries. This is a form of what market entry strategy?

Question 2 options:

Merger and Acquisition

Licensing

Joint Venture

Exporting

Which market entry strategy provides the most amount of control, along with the most amount of cost?

Question 3 options:

Exporting a franchise

Exporting equipment

Opening a wholly-owned subsidiary

Entering into a licensing agreement

When analyzing potential export markets, what factor could directly affect your product price?

Question 4 options:

Import tariffs and duties

Interest rates for capital investments

Cost of labor in the foreign market

Stock price values of distribution partners

BestBuy entered the Chinese market first through a sourcing office. What market entry strategy did BestBuy choose when they entered the Chinese market in order to sell into China?

Question 5 options:

Merger & Acquisition

Direct to consumer exporting

Indirect exporting

Franchising

The World Bank's Economy Rankings for ease of doing business incorporates the following rankings, except:

Question 6 options:

Dealing with construction permits

Cost of labor for construction

Access electricity

Enforcement of contracts

When analyzing market entry into China, Haagen Daz found that the only reason for charging high prices was because the Chinese viewed ice cream as a luxury.

Question 7 options:

True

False

Foreign Direct Investment is a market entry strategy that can include which tactic?

Question 8 options:

Outsourcing manufacturing

Licensing of technology

Merger and acquisition

Sales through distribution

A company is seeking to expand their sales into foreign markets.   Their product is a large, yet relatively low-tech piece of equipment. Shipping the product for export is generally not cost effective. As such, they are seeking to find international market in which they could build a factory or acquire a company with similar assets. A primary resource that will compare the top 25 countries for such an investment would be:

Question 9 options:

Country Commercial Guides

Delloite International Tax Guides

The CIA World Factbook

FDI Confidence Index

The most common tactic for market entry, and the one that balances control vs. cost the most evenly, when exporting is through:

Question 10 options:

Wholly owned subsidiaries

Distributors

Export Management Companies

Sales Representatives

These type of companies act as an export department for one or more manufacturers.

Question 11 options:

Sales representative companies

Export management/trading companies

Freight forwarders

Marketing consultancies

When working with international partners, its not necessarily to meet with them face-to-face thanks to modern technology.

Question 12 options:

True

False

Which is an attribute that international sales team may have that is least helpful to success?

Question 13 options:

High drive for sales at any cost

Committed to travel and work independently

Flexible in their approach to sales

Technology proficiency

Two companies form an agreement to create a third company within a particular foreign market. This market entry is a form of:

Question 14 options:

Joint Venture or Strategic Alliance

Merger and Acquisition

Technology Licensing

Exporting through distribution

Save

Question 15 (3 points)

The concept of globalization is regularly debated. Data shows that trade and globalization is actually even more prevalent than most people realize.

Question 15 options:

True

False

Save

Question 16 (3 points)

When looking at international market entry strategies, two primary factors are the degree of control and the cost of entry.

Question 16 options:

True

False

Keep up with domestic and foreign competition

Minimize seasonal sales fluctations

Overcome low growth in domestic or existing markets

All of the above

Explanation / Answer

1. answer is All of the above because to growth internationally, all these options should consider

2. Answer is Exporting becuase one company produce products in one country and want to sell them internationally is the concept of exporting

3. Answer is Opening a wholly-owned subsidiary,in this case only the company can get most amount of control and most amout of cost

4. Answer is Import tariffs and duties,this factor could directly affect the product price

5. Answer is Indirect exporting

6. Answer is Cost of labour for construction, expect this remaining available in ranking

7. True because people in china give importance to quality,they feel that quality items price is very high

8. Answer is Slaes through distribution

9. FDI Confidence Index,this can provide the information about companies and investment proposals

10. Wholly owned subsidiaries

11. Export management companies are useful in this situation

12. True,because they can use video conferencing,video calling facilities

13 Flexible in their approch to sales,this is very important for international sales team

14. Joint venture

15. True

16. True, becuase when we looking for international market entry strategies,cost of entry and degree of entry are important factors

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