International Entrepreneurs (Scenario)Jennifer and James have ...

[Chelseaamend]

International Entrepreneurs (Scenario)
Jennifer and James have formed an entrepreneurial venture to develop software for banks and other financial institutions. Their company is growing, but in looking for opportunities in the future, they decide to explore international operations.


Jennifer and James feel that people in foreign countries will not have the skills, expertise, knowledge, or experience to write, sell, or install the software. They have a(n) ________ attitude.
◦ ethnocentric
◦ geocentric
◦ multicentric
◦ monocentric
◦ polycentric

[wshriver]

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[elizabeth18]

International Entrepreneurs (Scenario)
Jennifer and James have formed an entrepreneurial venture to develop software for banks and other financial institutions. Their company is growing, but in looking for opportunities in the future, they decide to explore international operations.


By establishing their company's operations in Canada, Jennifer and James hoped that an existing regional trade agreement would help them to avoid tariffs in ________.
◦ Mexico and the United States
◦ Southeast Asia
◦ South America
◦ Europe
◦ Japan and Germany

[paavo]

Mexico and the United States

[lidoalex]

International Entrepreneurs (Scenario)
Jennifer and James have formed an entrepreneurial venture to develop software for banks and other financial institutions. Their company is growing, but in looking for opportunities in the future, they decide to explore international operations.


As their international operations grew, Jennifer and James decided to decentralize management and hire foreign nationals to run the business in their local countries. Their firm has developed into a ________.
◦ borderless organization
◦ joint venture
◦ multidomestic corporation
◦ global corporation
◦ strategic alliance

[nanny]

multidomestic corporation

[savannahhooper]

International Entrepreneurs (Scenario)
Jennifer and James have formed an entrepreneurial venture to develop software for banks and other financial institutions. Their company is growing, but in looking for opportunities in the future, they decide to explore international operations.


A new and exciting opportunity has appeared that enables Jennifer and James to form a joint venture with a bank in Japan. This partnership will involve less risk and commitment than ________.
◦ franchising
◦ licensing
◦ exporting
◦ global sourcing
◦ setting up a foreign subsidiary

[morrie123456]

setting up a foreign subsidiary

[jman1234]

International Entrepreneurs (Scenario)
Jennifer and James have formed an entrepreneurial venture to develop software for banks and other financial institutions. Their company is growing, but in looking for opportunities in the future, they decide to explore international operations.


Jennifer and James decide to allow a company in Hong Kong to use the rights to their software, its brand name, and product specifications in return for a fee based on sales. This agreement best illustrates which of the following international expansion strategies?
◦ global sourcing
◦ export alliance
◦ foreign subsidiary
◦ licensing
◦ joint venture

[DHRUVSHAH]

licensing