What is the first step in selecting a foreign market?

All of the following are potential benefits of entering a new market except ________

Which theory listed below is useful in deciding which mode of entry to use when entering foreign markets?

Which of the following is not a mode of entry into foreign markets?

________ are tangible or intangible resources owned by a firm which grant it a competitive advantage over its industry rivals.

Delvin Pharmaceuticals, a U.S. firm, is considering the idea of entering the Japanese market. Which entry mode will Delvin most likely use?

Which of the following is NOT a characteristic of exporting?

Which of the following is not a disadvantage of exporting?

Which of the following is a characteristic of foreign direct investment?

Franklin Carpets engages in indirect exporting, so the firm sells its carpets to a(n)________.

When British Petroleum ships crude oil from its storage facilities in Kuwait to its Australian subsidiary, ________ has occurred.

What are the third parties that specialize in facilitating imports and exports called?

Company X and Company Z have established a business arrangement whereby the two firms will cooperate for their mutual benefit. Which of the following has most likely been established?

A ________ is a special type of strategic alliance in which two or more firms join together to create a new business entity that is legally separate and distinct from its parents.

Executives at Bantam Bicycles realize that the firm lacks the necessary internal resources to compete internationally. Which of the following would most likely enable Bantam to compete in the global market?

Which of the following is not a benefit of strategic alliances?

Which of the following is not a hurdle firms can overcome by participating in a strategic alliance?

The strategic alliance between Kodak, Fuji, and three Japanese camera firms was primarily developed to ________.

Toyota and GM created a joint venture called NUMMI because Toyota wanted to learn about how to deal with labor and parts suppliers in the U.S. market while GM wanted to observe Japanese management practices. What benefit of strategic alliances were Toyota and GM primarily seeking?

PepsiCo and Thomas J. Lipton Co. established a joint venture. PepsiCo supplied an extensive distribution network, and Lipton provided manufacturing expertise and brand recognition in teas. What benefit of strategic alliances were they most likely seeking?

Boeing collaborated in a strategic alliance with Fuji, Mitsubishi and Kawasaki in the development and production of the Boeing 777 to minimize Boeing’s financial exposure. What benefit of strategic alliance was Boeing seeking?

Winston Foods and O'Toole's Soda have agreed to perform together multiple stages of the process by which products are brought to the market. The two firms have most likely formed a ________.

Micron Technology, Intel, Samsung, Hyundai, and Siemens have formed an alliance to develop the next generation of DRAM chips. What type of alliance is this an example of?

Chrysler and BMW formed a joint venture to build engines in South America. Which term best describes this type of alliance?

All of the following are standard approaches to strategic alliance management EXCEPT ________.

Under a(n) ________, each partner in the joint venture fully and actively participates in managing the alliance.