Man international partnership work

Man international partnership work

Assessment

Interactive Video

Business

University

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

The video discusses a business venture in Korea, focusing on the mobile phone accessories market. It highlights the importance of having a physical presence in a saturated market and forming a joint venture to transfer technology. The business now generates $3 million and employs a few people. Trust and authenticity are crucial for success, and maintaining relationships through regular visits is essential. The venture has enabled the company to explore new technologies like IoT, Wi-Fi, and Bluetooth.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What initial steps were taken to enter the Korean market?

Opening a new office

Hiring local employees

Attending trade exhibitions and forming partnerships

Launching a marketing campaign

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What percentage of the joint venture does the company own?

50%

75%

60%

80%

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the annual turnover of the business in Korea?

1 million USD

3 million USD

2 million USD

4 million USD

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is frequent travel to Korea considered essential?

To explore new markets

To maintain relationships and transfer company culture

To reduce operational costs

To hire new employees

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What technological advancements have been integrated into the product line?

Augmented Reality

Artificial Intelligence

Blockchain

Wi-Fi and Bluetooth technology

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