Growing and Internationalizing the Entrepreneurial Firm Flashcard-5

Front

One general conclusion that we can reach regarding entrepreneurship is that:

Back

individualistic and low uncertainty-avoidance societies tend to foster relatively more entrepreneurship.

Front

Which of the following best describes Foreign Direct Investment (FDI)? A firm avoids the use of financial intermediaries such as brokers. A firm invests directly in production or service activities in another country. Managers travel to a country to invest instead of using the Internet. A firm uses cash instead of credit.

Back

A firm invests directly in production or service activities in another country.

Front

Loans in small amounts of US$50–US$300 that are made with the intention of helping lift entrepreneurs out of poverty are called:

Back

microloans.

Front

Born global firms are:

Back

firms that attempt to do business aboard from their inception.

Front

As government policies in China became more friendly toward entrepreneurship:

Back

institutional transitions have encouraged more entrepreneurship.

Front

According to the institution-based view:

Back

both formal and informal institutional constraints affect entrepreneurship.

Front

In the process of internationalization, which model states that firms must enter culturally and institutionally close markets first, spend enough time there to accumulate overseas experience, and then gradually move from exports to more sophisticated strategies?

Back

The stage model

Front

Entrepreneurship involves which of the following? The limitation of opportunities, The processes of discovery, evaluation, and exploitation of opportunities, The set of individuals who develop regulations that drive opportunities, The ability to serve as an intermediary while not being exposed to risk

Back

The processes of discovery, evaluation, and exploitation of opportunities

Front

Which would tend to result in a greater level of entrepreneurship? Options: Increased strength of incumbents, Capital-intensive industries, Weak bargaining power of suppliers, Ability to reduce the bargaining power of buyers

Back

Ability to reduce the bargaining power of buyers

Front

When a firm becomes a supplier to a foreign firm that enters the domestic market, this is an example of:

Back

internationalizing in the domestic market.