Market Entry Strategies Quiz

What is one of the key learnings for entering global markets?

• Understanding the need for a market entry strategy

• Developing a local business plan

• Hiring local employees

• Creating a new product line

Which strategy involves working with international agents and distributors?

• International agents & distributors

• Joint ventures

• Strategic alliances

• Sales subsidiaries

Which strategy involves joint ventures as a mode of entry?

• Movement of goods

• Contractual agreements

• Development of strategies

• Importing

Which of the following is a mode of entry that involves subsidiaries?

• Contractual agreements

• Movement of goods

• Development of strategies

• Licensing

What is an example of a mode of entry that involves strategic alliances?

• Movement of goods

• Contractual agreements

• Development of strategies

• Importing

Which country is Australia's largest export partner according to the value of goods?

• Japan

• United States

• China

• India

Which country has a higher value of imports to Australia than exports from Australia?

• New Zealand

• Hong Kong

• United Kingdom

• Singapore

Which company acquired Queen Fine Foods in May 2015?

• Dr. Oetker

• Nestle

• Unilever

• Kraft Foods

What is Queen Fine Foods primarily known for?

• Chocolate products

• Vanilla extracts and food coloring

• Dairy products

• Spices

In which countries are Queen Fine Foods' products used in five-star restaurants?

• Australia, USA, Japan

• Japan, Germany, USA

• France, Italy, Spain

• China, India, Brazil