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Which of the following best explains why SpinCent decided to export
A Growth opportunities in Asia
B Labor demands in the U.S.
C Declining tariffs in the EU
D Promising market locations in South America—ANSWER--A Growth opportunities
Small and medium-sized enterprises like SpinCent account for how much of all US
exporters—ANSWER--98%
The benefits of retaining a core competency within a company and purposefully threading
that core competency through the value chain are referred to as
internalization
domestic
location
ownership—ANSWER--internalization
,A company that wants to be less dependent on a local supplier and imports components
from suppliers in other countries is striving for:
Global rivalry
Diversification
Serendipity
Specialization of labor—ANSWER--Diversification
The incremental internationalization view of exporting holds that companies first target
countries that are BLANK their home market
different from
similar to
smaller than
larger than—ANSWER--Similar to
Skype was founded in 2003 and from the very beginning operated across national borders.
Skype is an example of a(n):
Arbitrageur
Sporadic exporter
Born global
Private agent—ANSWER--Born Global
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, A Croatian manufacturer of bicycle lights hires an export management company to handle
the shipping, marketing, and selling of its products in the US. The Croatian company is a(n)
BLANK exporter
passive
indirect
direct
ceteris paribus—ANSWER--indirect
Which of the following is typically true of an export management company (EMC)?
It is usually a division of a manufacturing company.
Most EMCs in the United States are large, representing a wide range of products and large
number of companies.
It operates on a contractual basis for a manufacturer by helping obtain orders for its clients'
products.
It usually takes title to products rather than acting as an agent.—ANSWER--It operates on a
contractual basis for a manufacturer by helping obtain orders for its clients' products.