What three basic decisions must firms evaluate when considering foreign expansion Check all that apply? (2024)

What three basic decisions must firms evaluate when considering foreign expansion Check all that apply?

What are the three key approaches to entering foreign markets quizlet?

Entering foreign markets by selling goods produced in the company's home country, often with little modifi cation. Entering foreign markets by joining with foreign companies to produce or market a product or service. Entering foreign markets through developing an agreement with a licensee in the foreign market.

What are three methods companies use for entering foreign markets?

Which three statements are true about franchising quizlet?

Which three statements are TRUE about franchising? The franchiser typically receives a royalty payment. It is similar to a license, but with a longer time commitment. The franchisee commits to abiding by strict rules on how it does business.

Which of the following factors is commonly considered when assessing alternative foreign markets?

In assessing alternative foreign market a firm must consider a variety of factor including the current and potential sizes of the markets, the levels of competition the firm will face, their legal and political environment, and socio-cultural factors that may affect the firm's operations and performance.

What three basic decisions must firms evaluate when considering foreign expansion?

What factors do firms entering foreign markets need to consider quizlet?

When entering a foreign market, a firm must carefully weigh political and legal risks. They must consider regulatory issues, and human rights issues. Human rights issues are important because businesses do not want to exploit workers or employ children or prisoners for slave wages.

What factors do firms entering foreign markets need to consider?

What are the basic entry decisions for firms expanding internationally?

Basic Entry Decisions

A firm contemplating foreign expansion must make three basic decisions: which markets to enter, when to enter those markets, and on what scale.

What are the 5 ways companies can enter into foreign markets?

The five most common modes of international-market entry are exporting, licensing, partnering, acquisition, and greenfield venturing.

What are the three factors that can lead to the success of a strategic alliance?

The most outstanding factors affecting alliance success are shown to be a good relationship with the partner, mutual trust, a minimum commitment between the parties, and clear objectives and strategy.

What are three examples of intangible property check all that apply?

Goodwill, brand recognition and intellectual property, such as patents, trademarks, and copyrights, are all intangible assets. Intangible assets exist in opposition to tangible assets, which include land, vehicles, equipment, and inventory.

Which of the following is a true statement about franchising quizlet?

Which of the following is true about franchising? A franchise is an agreement whereby independant businessperson is given exclusive rights to sell a specified good or service.

What are the techniques of foreign market selection?

The international market selection process requires segmentation and market target strategies. This process of dividing a market into distinct subsets (segments) of consumers with common needs. Segmentation can be demographic, psychographic, geographic, and benefit segmentation.

Which of the following is a risk that firms must consider prior to expanding abroad?

Which of the following is a risk that firms must consider prior to expanding abroad? Management may not understand the foreign country's business culture. Services account for nearly ________ percent of global trade.

Which of the following is a characteristic of foreign direct investment quizlet?

Which of the following is a characteristic of foreign direct investment? Liability of foreignness refers to the internalization advantages that make it desirable to produce a good or service in-house.

When making decisions to expand internationally companies need to take into consideration the following differences in foreign markets?

What are the three major markets that exist in all foreign markets?

In today's global economy, there are three broad buying and selling markets: consumer, business, and government.

What are the factors or dimensions that need to be taken before embarking into corporate expansion?

What are the steps in entering international markets quizlet?

Why do companies enter foreign markets quizlet?

1. Ability to preempt rivals and capture demand by establishing a strong brand name. 2. Ability to build sales volume in that country and ride down the experience curve ahead of rivals, giving the early entrant a cost advantage over later entrants.

What are among the five primary strategic options for a company wishing to enter international markets?

What are among the five primary strategic options for a company wishing to enter international markets? lower prices for domestic products. reduced domestic demand for foreign-made goods. weaken the cost competitiveness of domestic companies.

What are the 4 factors of international business?

What are the 4 factors affecting international marketing?

These factors include cultural and social influences, legal issues, demographics, and political conditions, as well as changes in the natural environment and technology.

What are the factors to consider when a business is expanding?

What are the six modes companies use to enter foreign markets quizlet?

What are the four market entry strategies?

How do companies enter foreign markets?

Small businesses can enter the global market by selling directly to customers in export territories, marketing products through a local distributor, participating in a joint venture with a local business partner, or selling through a website.

What are the strategic options for a company to compete in a foreign market?

There are five basic options available: (1) exporting, (2) creating a wholly owned subsidiary, (3) franchising, (4) licensing, and (5) creating a joint venture or strategic alliance (Figure 7.25 “Market entry options”).

What are the three basic ways of managing a strategic alliance?

Which are the three main reasons firms make acquisitions?

three main reasons firms acquire other firms: to gain access to new markets and distribution channels. to gain access to a new capability or competency. to preempt rivals.

What three things should a company take into consideration when choosing a strategic alliance partner?

What three things should a company take into consideration when choosing a strategic alliance partner? (Check all that apply.) A good partner shares the firm's vision for the purpose of the alliance. A good partner does not act opportunistically. A good partner helps the firm achieve its strategic goals.

What are the steps in entering international markets quizlet?

What are the 5 ways companies can enter into foreign markets?

The five most common modes of international-market entry are exporting, licensing, partnering, acquisition, and greenfield venturing.

What are the six modes companies use to enter foreign markets quizlet?

Which of the following is not a mode of entry into foreign markets?

Importing is not a market entry mode, because importing is not selling any product. Importing is related with marketing and purchasing. Many countries are related with each other by import export through business. But they are not importing, because they are not selling their product.

What are the steps in entering international markets?

When marketers decide to enter an international market what is the first thing they should do and why?

Entering the international market arena needs careful business planning. One of the first things you need to do is to learn about the target locations. For this, you have to conduct an extensive international audit. It will not happen overnight.

What factors do firms entering foreign markets need to consider?

What are the strategic options for a company to compete in a foreign market?

There are five basic options available: (1) exporting, (2) creating a wholly owned subsidiary, (3) franchising, (4) licensing, and (5) creating a joint venture or strategic alliance (Figure 7.25 “Market entry options”).

Which one gives a firm tight control over manufacturing marketing and strategy in a foreign country?

Licensing gives a firm tight control over manufacturing, marketing, and strategy in a foreign country that may be required to maximize its profitability.

What reduce the risk of losing control over core competencies?

Wholly Owned SubsidiaryoAttractivebecause they reduce risk of losing control over core competencies, give firm the tight controlin different countries necessary for global strategic coordination, and may be required in order to realizelocation and experience curve economies.

Does not give a firm the tight control over manufacturing marketing and strategy that is required for realizing experience curve and location economies?

In terms of the entry modes into a foreign market, a joint venture does not give an international firm the tight control over subsidiaries that might be required to realize experience curve or location economies.

Which of the following can be a reason to expand business into the international location?

One of the reasons why businesses expand globally is to be able to provide a reliable service to their international clients. A good global reputation will attract new customers. Expanding abroad allows a company to build name brand recognition and establish credibility internationally.

Which one of the following modes of entry brings the firm closer to the international market?

Joint venture

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Which of the following is true about direct investment as a mode of international expansion?

Which of the following is TRUE about direct investment as a mode of international expansion? It allows a firm to retain full control over its investment.