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WorksheetsEntrepreneurship
Total questions: 6
Worksheet time: 9mins
The first obstacle an entrepreneur must overcome on the way to creating a truly global business is ________.
finding a joint venture partner
learning to think globally
locating motivated, multilingual managers for overseas assignments
finding overseas distributors for the company's products
Foreign licensing is ________.
required when a business buys and sells products in many countries, either in its own name or as an agent for its buyer-seller clients
a government-owned or business-owned facility set up in a foreign country to buy products that are made there
used by one firm (the carrier) of its overseas distribution network to sell noncompetitive products made by other firms (riders)
an agreement in which a licenser gives a licensee in another country the right to use that licenser's patent, trademark, copyright, technology, and products in return for a percentage of the licensee's sales or profits
Domino's Pizza and McDonald's operating in Japan and Europe are examples of ________.
foreign management companies
joint venturing
foreign licensing
international franchising
________ is a transaction in which a company selling goods and services in a foreign market agrees to help promote investment and trade in that country.
Countertrading
Bartering
Foreign licensing
Exporting
________, the exchange of goods and services for other goods and services, is one way of trading with countries that lack convertible currency
Countertrading
Bartering
Foreign licensing
Exporting
Outline the eight strategies for "going global" available to the small business owner.
Answer:
