BAIB1001 Week 4 Seminar 2 23/24

What is the process of expanding a company's operations or activities across national borders called?

• Domestication

• Internationalisation

• Localisation

• Nationalisation

Which of the following is NOT a common motive for a company to engage in internationalisation?

• Access to new markets

• Reduction of market risk

• Avoidance of foreign competition

• Diversification of revenue sources

Which entry mode involves a company selling its products to a foreign market while retaining full control over its production and distribution processes?

• Licensing

• Exporting

• Franchising

• Joint Venture

When a company chooses to license its technology or intellectual property to a foreign partner, what type of entry mode is this?

• Exporting

• Joint Venture

• Licensing

• Greenfield investment

Which entry mode involves setting up a new operation from scratch in a foreign market, often by constructing a new facility?

• Licensing

• Joint Venture

• Greenfield investment

• Acquiring an existing business

When a company decides to adapt its product or service to suit the preferences and needs of a foreign market, what strategy is it employing?

• Standardisation

• Localisation

• Globalisation

• Homogenisation

Which factor is NOT typically considered when selecting an entry mode for international expansion?

• Market size and growth potential

• Cultural differences

• Cost of labour in the home country

• Legal and regulatory environment

Which strategy involves a company transferring its manufacturing and production processes to another company, often in a low-cost labour market?

• Outsourcing

• Insourcing

• Offshoring

• Near-shoring

Which entry mode is often used when a company wants to quickly establish a presence in a foreign market and is willing to share profits with a local partner?

• Licensing

• Franchising

• Joint Venture

• Exporting

What is the term "born global" typically used to describe?

• Companies that focus on domestic markets

• Companies that expand internationally after years of domestic success

• Companies that have a global mindset and target international markets from their inception

• Companies with a small-scale international presence