MGT361 Individual Assignment Chapter 7

Market potential includes factors such as market size, growth rate, and target product segments.

• True

• False

Firms do not need to consider legal and political environments when entering a foreign market.

• True

• False

Sociocultural influences can affect product acceptance in a new market.

• True

• False

True or False: Direct costs include expenses like setting up a business and transferring managers.

• True

• False

Opportunity costs are irrelevant in evaluating market entry decisions.

• True

• False

A firm that chooses to export avoids restrictions on foreign investment.

• True

• False

Internalization advantages refer to the benefits of outsourcing production.

• True

• False

Indirect exporting provides significant international experience to the exporting firm.

• True

• False

Proactive motivations are driven by opportunities in foreign markets.

• True

• False

Licensing agreements usually involve the payment of royalties by the licensee.

• True

• False