Which of the following best explains the meaning of intellectual property quizlet?

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Terms in this set (10)

Which of the following is characteristic of emerging markets?

a. major focus on services and branded products
b. minimum regulations
c. rapidly declining trade barriers
d. low inward foreign direct investment

c

Certain emerging markets that have evolved from centrally planned economies to liberalized markets are called transition economies.

True
False

true

Which of the following is a benefit to a foreign firm collaborating with a family conglomerate in an emerging market?

a. reduced capital requirements
b. complete exemption from paying taxes
c. low dependence on technology
d. complete protection from intellectual property rights violations

a

Which of the following is necessary for local responsiveness to effectively increase a firm's competitiveness?

a. Employees must be hired and trained only within a local region.
b. Corporate executives must standardize marketing and merchandising.
c. Local managers need to be able to make decisions based on local needs.
d. A firm's bankers and financial managers must be locally based.

c

Which of the following would exert pressure on a U.S.-based clothing company, ZSource Ltd., to become locally responsive?

a. to monitor and respond to global competitors
b. to seek cost reduction through scale economies
c. to conduct global sourcing of raw materials, components, energy, and labor
d. to meet host government requirements and regulations

d

Which of the following is a disadvantage of a multidomestic strategy?

a. inefficient manufacturing
b. lack of opportunities to delegate tasks
c. high pressure on headquarters staff
d. standardized products in culturally different markets

a

Which of the following tasks in the global market opportunity assessment process should be performed directly before the task of estimating company sales potential?

a. screen countries to identify target markets
b. analyze the company's readiness to internationalize
c. choose qualified foreign business partners
d. assess industry market potential

c

When using the process of gradual elimination to screen potential country markets, a researcher should first, ________.

a. employ specific indicators, such as import statistics
b. narrow down the choices with specific indicators, such as economic growth
c. obtain general information on macro-level indicators like population
d. delve into specific information

c

Which of the following best explains why some service industry firms most likely enter foreign markets through FDI?

a. The market abroad is saturated, therefore, the other entry strategies are most likely to fail.
b. The service of the firm requires tough intellectual property laws.
c. The firm's service is not successful domestically, so globalization is required.
d. The service offered by the firm requires direct contact with customers.

d

Which of the following is an example of a market-seeking motive for FDI?

a. a firm wishes to gain access to raw materials
b. a firm follows its key customers abroad
c. a company wishes to gain access to knowledge
d. a company intends to avoid trade barriers

b

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