A disadvantage of using licensing as an entry strategy for a foreign market is the high amount of risk involved.
Answer: False
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Entrepreneurship Chapter 4
- ____ refers to business norms that are not regulated or ruled by law, but are practices considered legitimate in a particular environment.
- A country's legal system regulates what three things?
- List the factors to be considered in determining the distribution system for a country.
- New products in a country are created based on what?
- Two Advantages of Entrepreneurial Partnering
- Three Impacts of Trade Barriers
- _____ are hindrances to doing international business.
- ______ is a conglomerate merger involving the consolidation of two essentially unrelated firms.
- ______ is a type of merger that combines two firms that produce the same products but sell them in different geographic markets.
- ______ is combining two or more firms in successive stages of production.
- _____ is combining two firms that produce same or closely related products in the same geographic area.
- ____ is the purchase of over 50 percent of the equity in a foreign business.
- _____ is the joining of two firms in order to form a third company in which the equity is shared.
- _____ is when an investing entrepreneur holds a minority ownership position in the foreign venture.
- _____ is obtaining sales and profits without direct equity investment in the foreign market.
- ______ is using independent distributors or the company's own overseas sales office for international business.
- _____ is using a foreign purchaser in the local market or an export management firm.
- Besides providing overall socialization, _____ develop a person's concept of self and provide a baseline for compliance with norm groups.
- _____ in any culture provide value and attitudes that influence behavior.
- What are the three components of the nonverbal (or hidden) language of a culture?
- Probably the single most important problem confronting the entrepreneur occurs when _____.
- Sometimes one of the biggest problems for the entrepreneur is ______.
- What 4 areas of a country's legal system are important to some extent for every entrepreneur?
- ______ is an assessment of a country's political policies and its stability that takes place prior to entering into business in another country.
- ______ is paying for goods indirectly through another source.