Reference no: EM132283057
1. Which of the following is true?
Business success domestically and internationally are always positively correlated.
New knowledge is not considered a potential resource from foreign sources.
Companies are increasingly discovering that one large R&D center is more beneficial than R&D centers around the world (for example, General Electric).
The majority of products are not made in the same country where the company is headquartered.
2. Firms that internationalize from the outset or quickly after founding are called born global firms.
True
False
3. What is/are integrated technology platform(s)?
A computer that connects to a “platform” of other local computers through wires, not the Internet.
Common operating systems that can be used across multiple computers connected through the Internet.
Scientific TV show documenting the evolution of manufacturing.
A meeting held annually in New York City, where leading scientists and businesses collaborate on improving manufacturing efficiency through technology.
4. A company desires to enter a country where patents are not enforced. Which of the letters in the acronym PEST relates to this circumstance?
Political
Economic
Socio-cultural
Technological
5. The political factors examined in a PEST analysis include availability and cost of land.
True
False
6. PEST analysis is used to increase sales volumes in domestic markets.
True
False
7. What is a turnkey project, in the context of international business?
Development of a manufacturing technique that is designed to work in multiple countries
The construction of a building, plant or machine by local contractors for a foreign company who assumes responsibility for it upon completion
Launching a product to a “key” consumer market (such as celebrities) that will do much of the marketing for you
The exporting of a key product that open the door for more trade
8. What is horizontal structuring?
Determining subunits and choosing how decisions should be delegated among them
Determining which factors of production should be owned by a manufacturing company
Determining where in a hierarchy the decisions about the company are made
Determining the priorities of a company’s international strategy
9. Licensing is the allowance of one company from another to use its trademarks, patents, copyrights, or expertise in return for royalties.
True
False
10. The mode of entry into new countries is an internal management factor considered for doing business internationally.
True
False