Greenfield venture Study guides, Revision notes & Summaries

International Business Chapter 12 Questions and Answers Already Passed 1) Which of the following is not one of the three steps in increasing market share, revenue, and profits? A) assess alternative markets B) evaluate respective costs, benefits, and risks C) perform a situation analysis D) select market with most potential for entry or expansion Answer: C Diff: 2 Skill: Concept Objective: 1 68) When two or more firms agree to work together and create a joint owned firm to promote...

A greenfield venture strategy involves - ️️creating a subsidiary business by setting up all aspects of the operation from the ground up The strategic options for expansion into foreign markets do not include - ️️relying on home country governments to restrict imports via raising tariffs and local content requirements _________ is when a company sells its goods in foreign markets at prices that are below the prices at which it normally sells in its home market or well below its full...

Sure Start is starting a new division for rechargeable batteries in different parts of the world. What was the globalization driver of this decision? - ANSWER-Competition drivers are about entering new markets to beat competitors. Sure Start has identified a market that does not have a lot of competition since it is a fairly new market. Which type of globalization is represented by Sure Start expanding into South America, Europe, and Asia? - ANSWER-Economic globalization is the globalization...

International Business Questions and Answers 100% Pass Three basic decisions facing firms who are contemplating international expansion 1. Which market(s) to enter 2. When to enter, and on what scale 3. How to enter Goal is long profit potential Timing of Entry Entry is early when firm enters foreign market before others, and is late when other firms have already established themselves. First Mover Advantages Advantages that develop as the first firm to enter a market. Include...

What are reasons that companies expand into foreign markets? - Answer-1. to gain access to new customers 2. to achieve lower costs 3. to gain access to low cost production Companies are often motivated to enter foreign markets to _____. - Answer-take advantage of new resources and capabilities A company may find it easier to operate in one country than in others because of the country's - Answer- 1. advantages for specific value chain activities 2. strong economic conditions 3. favorab...

Kola, a leading soft drink manufacturer, has recently forayed into the Middle East markets. Based on its research that Middle East consumers prefer sweeter drinks, it is manufacturing soft drinks with extra sugar to meet local requirements. Kola is using the___ strategy to market its product A. communication adaptation B. product pioneering C. product adaptation D. product invention E. straight product extension - Answer-c. product adaptation which of the following is most likely true ab...

Kola, a leading soft drink manufacturer, has recently forayed into the Middle East markets. Based on its research that Middle East consumers prefer sweeter drinks, it is manufacturing soft drinks with extra sugar to meet local requirements. Kola is using the___ strategy to market its product A. communication adaptation B. product pioneering C. product adaptation D. product invention E. straight product extension - Answer- c. product adaptation which of the following is most likely tru...

What is *market screening*? - A modified version of environmental scanning in which the firm identifies desirable markets by eliminating the less desirable ones. What is the *Basic Needs Potential*? - A modified version of environmental scanning in which the firm identifies desirable markets by eliminating the less desirable ones. An example of *basic needs potential*? - The basic need potential of some goods is dependent on various physical forces, such as climate, topography, and natural ...

Chapter 9 Chapter 9 ________ is defined as a contractual arrangement whereby one company makes a legally protected asset available to another company in exchange for some form of compensation. A. Foreign direct investment (FDI) B. Contract manufacturing C. Equity stake D. Joint venture E. Licensing E. Licensing One of the key advantages to licensing as a market-entry strategy is ____________________. A. the speed of diffusion of the new product or techno...

WPC 480 Chapter 8 Exam Questions And Answers 100% Solved 2024/2025 global strategy - answeris an international strategy in which a firm's home office determines the strategies that business units are to use in each country or region. multidomestic strategy - answeris an international strategy in which strategic and operating decisions are decentralized to the strategic business units in individual countries or regions for the purpose of allowing each unit the opportunity to tailor pr...