midterm 40q

There are two SMEs' Internationalization Strategies: Direct entry modes (e.g. Direct exports, licensing/franchising) and indirect modes (e.g. indirect exports, partners of foreign firms)

• A. TRUE

• B. FALSE

The World Trade Organization (WTO) is an international organization that deals with the rules of trade among member countries; one of its most important functions is to act as a dispute-settlement mechanism

• TRUE

• FALSE

"Innovation occurs when the new product, device, or process is involved in a commercial transaction"

• TRUE

• FALSE

The goal of................ environmental analysis is to identify opportunities and threats that will need to be addressed.

• long term

• short term

• External

• Internal

:A typical internationalization process

• Full and shared ownership mode THEN licensing/franchising mode

• indirect exports THEN direct exports

• Licensing/franchising THEN shared and full ownership mode

• B and C are correct

Economic Globalization: The growing interdependence of locations and economic actors across countries and regions

• TRUE

• FALSE

Some useful strategies for managing cultural diversity.

• Recognize diversity

• “Build diversity issues into recruitment, HRM planning, strategy, location decisions, alliances, and partnerships.

• Lead from the top

• All the above are correct

Dynamic capability refers to the firm's ability to integrate, build, and reconfigure internal and external competences to address" "rapidly changing environments

• TRUE

• FALSE

Asset-type: physical assets, proprietary knowledge content, whether embodied in intellectual, property, or in technical personnel"

• TRUE

• FALSE

R&D expenditures are a measure of the input into innovation. Patents are an important measure of output of R&D. Not all patents" "become commercialized or lead to innovations, but they provide a good measure of the strength of innovative capacity of firms

• TRUE

• FALSE