• Wrong document? Swap it for free
  • Written by students who passed
  • Immediately available after payment
  • Read online or as PDF
  • 4.6 TrustPilot
0
Sell
Where do you study
Your language
Start selling Create your account
  • 830
  • 830
To add items to your wishlist, you must be logged in
Document preview thumbnail
Preview 2 out of 9 pages
Exam (elaborations)

International Business 4344

0.0
(0 reviews)
- sold
9 pages
2024/2025 Written for academic year
Institution 830
Course 830
Document preview thumbnail
Preview 2 out of 9 pages

INTERNATIONAL BUSINESS 4344

Content preview

INTERNATIONAL BUSINESS 4344-830
EXAM 3



First43mover43advantage:43-43answer--
advantages43accruing43to43the43first43to43enter43a43market

First-mover43disadvantage:43-43answer--
Disadvantages43associated43with43entering43a43foreign43market43before43other43internati
onal43businesses.

Exporting:43-43answer--
Sales43of43products43produced43in43one43country43to43residents43of43another43country

Disadvantages43of43Exporting:43-43answer--lower-
cost43locations43for43manufacturing43abroad,43high43transport43costs43can43make43expor
ting43uneconomical,43traffic43barriers43can43make43exporting43uneconomical

Licensing:43-43answer--
Occurs43when43a43firm43(the43licensor)43licenses43the43right43to43produce43its43product,43
use43its43production43processes,43or43use43its43brand43name43or43trademark43to43anothe
r43firm43(the43licensee)

Licensing43Agreements:43-43answer--
Agreement43in43which43a43licensor43grants43the43rights43to43intangible43property43to43a43l
icensee43for43a43specified43period43and43receives43a43royalty43fee43to43return

Disadvantage43of43Licensing:43-43answer--
doesn't43give43a43firm43the43tight43control43over43manufacturing,43marketing,43and43strat
egy43is43required43for43realizing43experience43curve43and43location43economies;43secon
d43is43competing43in43a43global43market43may43require43a43firm43to43coordinate43strategi
c43moves43across43countries43by43using43profits43earned43in43one43country43to43support4
3competitive43attacks43in43another;43third43is43technological43know-
how43to43foreign43companies43where43most43companies43want43to43control43but43with43li
censing43they43can43lose43control

Franchising:43-43answer--
food43and43hotels;43a43specialized43form43of43licensing43in43which43the43franchiser43sells
43the43intangible43property43to43the43franchisee43and43insists43on43rules43to43conduct43th
e43business

, Tariffs:43-43answer--a43tax43levied43on43imports

Strategic43Alliances:43-43answer--
are43cooperative43agreements43between43potential43or43actual43competitors;43non-
contractual43market43of43two43companies;43alliances43can43be43terminated43in43a43snap

Timing43of43Entry:43-43answer--
Entry43is43early43when43a43firm43enters43a43foreign43market43before43other43foreign43firm
s43and43late43when43a43firm43enters43after43other43international43businesses43have43esta
blished43themselves.

Pioneering43cost:43-43answer--
Costs43an43early43entrant43bears43that43later43entrants43avoid,43such43as43the43time43an
d43effort43in43learning43the43rules,43failure43due43to43ignorance,43and43the43liability43of43b
eing43a43foreigner.

Turnkey43contracts:43-43answer--
a43project43in43which43a43firm43agrees43to43set43up43an43operating43plant43for43a43foreign
43client43and43hand43over43the43"key"43when43the43plant43is43fully43operational.


Joint43Ventures:43-43answer--
a43cooperative43undertaking43between43two43or43more43firms

Wholly43owned43subsidiaries/43greenfield43subsidiaries:43-43answer--
a43subsidiary43in43which43the43firm43owns4310043percent43of43the43stock

Fewer43than431%43are43involved43an43international43trade43most43US43businesses43are4
3small43local43companies.43-43answer--


Direct43Investment:43-43answer--
occurs43when43a43firm43invests43directly43in43facilities43to43produce43or43market43a43goo
d43or43service43in43a43foreign43country

MITI:43-43answer--Japan's43Ministry43of43International43Trade43and43Industry

Sogo43Shosha:43-43answer--
Japanese43trading43companies:43a43key43part43of43the43keiretsu,43the43large43Japanese4
3industrial43groups


Export43Management43Company43(EMC):43-43answer--
an43export43specialist43that43acts43as43an43export43marketing43department43for43client43fi
rms

Document information

Uploaded on
April 28, 2025
Number of pages
9
Written in
2024/2025
Type
Exam (elaborations)
Contains
Questions & answers
Report Copyright Violation
$18.49
Wrong document? Swap it for free Within 14 days of purchase and before downloading, you can choose a different document. You can simply spend the amount again.
Written by students who passed
Immediately available after payment
Read online or as PDF
Seller avatar
Reputation scores are based on the amount of documents a seller has sold for a fee and the reviews they have received for those documents. There are three levels: Bronze, Silver and Gold. The better the reputation, the more your can rely on the quality of the sellers work.
favouredone
4.4
(352)
Sold
401
Followers
36
Items
10274
Last sold
2 days ago

Browse related subjects

Subjects

  • international business 4344

Why students choose Stuvia

Created by fellow students, verified by reviews

Quality you can trust: written by students who passed their tests and reviewed by others who've used these notes.

Didn't get what you expected? Choose another document

No worries! You can instantly pick a different document that better fits what you're looking for.

Pay as you like, start learning right away

No subscription, no commitments. Pay the way you're used to via credit card and download your PDF document instantly.

Student with book image

“Bought, downloaded, and aced it. It really can be that simple.”

Alisha Student

Working on your references?

Create accurate citations in APA, MLA and Harvard with our free citation generator.

Learn more Create citation
Working on your references?

Frequently asked questions