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Exam 18: Global Opportunities for Small Business

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Question 41

Multiple Choice

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The risk that a new government regulation could damage business activity in a country is considered

A) political risk.
B) economic risk.
C) exchange rate risk.
D) global risk.

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Question 42

Multiple Choice

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Mattel has allowed a producer in Thailand to manufacture and sell its branded dolls in overseas markets.The company in Thailand is a:

A) royalty receiver.
B) licensor.
C) licensee.
D) license initiator.

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Question 43

Multiple Choice

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International franchising is a variation on the theme of

A group of four Kentucky business owners all in business in the international equine industry fly to Ireland to meet potential buyers.Describe what this group would be hoping to accomplish from the trip.

Dustin had contracts for web designs in Japan and France and therefore has decided to start a business.The company will be reaching an international market strictly through online operations.Based on this type of global business,what organizations could offer advice to make this business feasible?

Increasingly,small firms are going global in search of raw materials.

According to the 2013 BRIC Markets,which country has the highest GNI per capita?

Match the term with its definition.Some terms may not be used. a.Economic risk b.Experience curve efficiencies c.Foreign licensing d.International franchising e.International outsourcing f.International strategic alliance g.Learning effects h.Licensee i.Licensor -A combination of efforts and/or assets of companies in different countries for the sake of pooling resources and sharing risks

A cross-border acquisition is less demanding than a greenfield venture.

Match the term with its definition.Some terms may not be used. a.Born-global firms b.Cross-border acquisition c.Exporting d.Globalization e.Greenfield venture f.Importing g.Offshoring h.Trade intermediary i.Trade mission -Selling products produced in another country to buyers in the home country

Match the term with its definition.Some terms may not be used. a.Economic risk b.Experience curve efficiencies c.Foreign licensing d.International franchising e.International outsourcing f.International strategic alliance g.Learning effects h.Licensee i.Licensor -The company buying licensing rights

An intermediary that works for foreign firms that are interested in buying U.S.products and is paid a commission for its services is called a(n) _____.

A small company can deal with changing currency rates by

Match the term with its definition.Some terms may not be used. a.Economic risk b.Experience curve efficiencies c.Foreign licensing d.International franchising e.International outsourcing f.International strategic alliance g.Learning effects h.Licensee i.Licensor -Selling a standard package of products,systems,and management services to a company in another country

Together,China and India account for more than 50 percent of the world's 6 billion inhabitants.

If an olive oil importer sets up operations in Italy to be near its supplier,the company is going global by

Antonio's small pasta firm is considering exporting.A Canadian grocery store chain with its corporate headquarters in Quebec has approached him.Which question would need to be answered in relation to the pasta company's management experience and resource objectives?

Gains from learning effects continue to grow after startup;economies of scale efficiencies decline as the business grows.

The term BRICs refers to Bangladesh,Romania,Ireland,and Czechoslovakia,all emerging markets.

A fundamental activity for global small business success is