List the factors to be considered in determining the distribution system for a country.
1. overall sales potential
2. amount and type of competition
3. cost and product
4. geographical size and density
5. investment policies
6. exchange rates and controls
7. level of political risk
8. overall marketing plan
9. infrastructure
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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?
- 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.