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Exam 5: Identifying and Analyzing Domestic and International Opportunities

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Question 1

Multiple Choice

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______ is defined as the risk of interference with the operations of the venture.

A) Transfer risk
B) Ownership risk
C) Investment risk
D) Operating risk

E) B) and D)
F) B) and C)

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Question 2

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The key to successful entrepreneurship is to develop an idea that has a market with a need for the product or service idea conceived.

A) True
B) False

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Question 3

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For a U.S.-based entrepreneurial firm,the 75 percent of the world's population living outside the United States offers a very large market opportunity.

International entrepreneurial decisions are more complex than domestic decisions due to uncontrollable factors such as economic development and stage of economic development.

A turn-key project is best defined as:

_________ are both government sources of information that might be helpful in gathering the information needed to start a business.

A country's _______________ is the difference between the value of a country's imports and exports over time.

A disadvantage of using licensing as an entry strategy for a foreign market is the high amount of risk involved.

Gifts related to business proceedings are illegal in most other countries and should not be offered to foreign business partners.

What are the major reasons why an entrepreneur would go global?

All of the following are government sources of information except:

It is a practice in some cultures to hug and even kiss when greeting a known business partner.What aspect of nonverbal language is being referred to in the above example?

Identify and briefly describe the four sections of an opportunity assessment plan.

______ provides information on industries such as aerospace,energy,healthcare and defense.

Nonequity arrangements discussed by the text include licensing,management projects and exporting.

Philip Morris acquiring Miller Brewing is an example of what type of merger?

List the seven various aspects of culture.

There are three general classifications for exporting;direct,indirect and third-party.

For a global entrepreneur,technological environment variations are minimal since firms produce mostly standardized,relatively uniform products that can be sorted to meet industry standards.

According to the text,the most prevalent reason for mergers is: