問題一覧
1
A company has developed a new, innovative product. If it is quick to enter a new market, it will have the ability to preempt rivals and capture demand by establishing a strong brand name and customer satisfaction . In other words, this company will have captured
first-mover advantages.
2
For companies that have not previously exported products, an can help new exporters handle all aspects of exporting and operate as the firm’s agent and distribution
export management company
3
Procter & Gamble is a mul7na7onal enterprise (MNE), which is a firm that
owns business operations in more than one country.
4
FDI occurs when a firm
invests directly in facilities to produce a product in a foreign country
5
In which way can the source country’s balance of payments benefit from FDI made in a foreign country?
from the inward flow of foreign earnings
6
Which situation arises when a country is importing more goods and services than it is exporting?
trade deficit
7
eliminates trade barriers between member nations, adopts a common external policy, and permits factors of production to move freely between member countries but it also requires a common currency, harmonisation of members’ tax rates, and a common monetary and fiscal policy.
An economic union
8
Hofstede’s dimension of Confucian work dynamism
captures aitudes toward 7me, persistence, ordering by status, saving face, respect for tradition, and reciprocation of gijs and favours.
9
The two most common methods of restricting inward FDI are ownership restraints and
performance requirements
10
Why do firms pursuing global standardisation or transnational strategies tend to prefer establishing wholly owned subsidiaries?
It allows firms to use the profits generated in one market to improve its competitive position in another market.
11
In theory, WTO rules should ensure that a free trade agreement
does not result in trade diversion.
12
Many firms, of all national origins, increasingly depend on for their competitive advantage
globally dispersed production systems
13
According to the theory, one drawback of licensing is that it may result in a firm giving away valuable technological know-how to a potential foreign competitor
internalization theory
14
Why is the European Council said to be the ultimate controlling authority within the EU?
Draft legislation from the commission can become EU law only if the council agrees.
15
Which factor is likely to make a country a more attractive location for international business?
market-based economies
16
Which scenario is an example of ethnocentrism?
An American manager criticises the cultural practices of Saudi Arabia, when he is sent there on business, because it differs from his own cultural norms.
17
In countries where the value of identification is considered to be primary, managers and workers are discouraged from moving from company to company.
group
18
According to the product life-cycle theory, the high cost of U.S. labor gave U.S. firms an incentive to
develop cost-saving process innovations .
19
Which theory suggests that first-mover advantages are significant in the export of a good?
New trade theory
20
The economic freedom associated with a creates greater incen7ves for innovation and entrepreneurship than either a planned or a mixed economy.
market economy