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Exam 8: Global Market Participation

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Question 1

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Global companies do not have to monitor lead markets and set up operations there.

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Question 2

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Tunetoy Industries,a U.S.MNC,is considering targeting developed countries.Which of the following is a true and is a possible reason to avoid such markets?

A) They are never globally strategic markets.
B) They are rarely lead markets.
C) They are usually more competitive than developing countries.
D) They are usually less competitive than developing countries.

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Question 3

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A firm may opt to enter a group of countries in a single geographic region because of

Tunetoy Industries is considering entering a lead market.Such a market would likely be a

Taiwan Graphics is a Taiwanese company that has recently entered the Chinese market.Its managers are shocked by how different the Chinese market is from the Taiwanese market.The managers are experiencing

____________________ is a market advantage relating to brand awareness,sales,and profits that accrues to the first significant competitor to enter a new market.

Most large,internationally active companies began their internationalization by

Any country with a household income of $8,000 is not a potential market for microwave ovens.

Karavel Foods sells convenience foods in the U.S.and is seeking new markets abroad.Karavel should concentrate on

Psychic distance is the name of the phenomenon when managers believe that success in the home market is more easily transferable to markets similar to the one in which they currently compete.

____________________ is the idea that a certain minimum amount of effort is necessary before any impact will be achieved.

The psychic distance paradox relates to culture shock sometimes experienced by managers entering foreign markets that they previously perceived as being similar to their home markets.

MabHill Corporation (MBH) is a U.S.MNC in an industry noted for its intensive competition and dominated by 3 global competitors,one of which is MBH.MBH holds a 50 percent market share (SOM) in the U.S. ,a 40 percent SOM in Europe,a 15 percent SOM in Japan,and a 10 percent SOM in Latin America.MBH should concentrate on increasing its SOM in

Opportunistic expansion is an internationalization strategy that is adopted

Apha Gyms in a U.S.company.Managers at the firm are believers in psychic distance.Alpha Gyms is seeking its first foreign market to enter.Which of the following countries will the firm likely choose first to enter?

Unlike most developing countries,China is one of the most competitive markets in the world.

Critical mass is the idea that a certain minimum amount of effort is necessary before any impact will be achieved.

Taiwan Graphics is considering entering the Philippines.The manager in charge of assessing foreign markets is surprised to see that the country receives a high level of remittances.What is the implication of remittances to the Filipino market?

Cultural proximity is the name of the phenomenon when managers believe that success in the home market is more easily transferable to markets similar to the one in which they currently compete.

Social networking site Friendster' s entry into Asia is an example of opportunistic internationalization.