Strategy involves licensing entire business to person

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Reference no: EM132282940

1. A company in this stage makes and sells products or services only in one country.

a) international stage

b) domestic stage

c) global (stateless) stage

d) multinational stage

2. This strategy involves licensing an entire business to a person or organization in another country.

a) joint venture

b) countertrade

c) franchising

d) exporting

3. This strategy involves creating an enitrely new organization in a foreign country.

a) greenfield venture

b) franchising

c) countertrade

d) direct investing

4. This organization, which evolved from the GATT, is a consortium of nations from around the world who come together to improve trade conditions, create trade agreements, and resolve trade disputes.

a) WTO

b) ASEAN

c) APEC

d) CAFTA

5. People who are classified by Hofstede as having this national value tend to be very competitive and aggressive.

a) masculinity

b) uncertainty avoidance

c) individualism

d) collectivism

6. People who are classified by Hofstede as having this national value tend to be modest and caring.

a) femininity

b) high-context culture

c) masculinity

d) uncertainty avoidance

7. In this type of society, relationships and trust are more important than business.

a) power distance

b) high-context culture

c) uncertainty avoidance

d) femininity

Reference no: EM132282940

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