Miami is an ideal city for both North American firms looking to expand their business to Central and South America and for Latin American companies to expand their business to North America. This is an example of a(n):
a. location-specific advantage.
b. timing advantage.
c. efficiency advantage.
d. regulation advantage
Answer: a. location-specific advantage.
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Entering Foreign Markets
- In the LLL framework, _____ refers to an emerging MNE's ability to identify and bridge gaps in its market.
- A recent survey revealed that more than nine out of ten people prefer a watch made by firms in Switzerland to one made in India or U.S.A or any other country. This is an example of _____.
- The country-of-origin effect refers to _____.
- Greenfield operations are similar to acquisitions in that they are both examples of _____.
- A greenfield operation refers to _____.
- Co-marketing refers to _____.
- A(n) _____ is a non-equity mode of entry used to build a longer-term presence by building and then operating a facility for a period of time before transferring operations to a domestic agency or firm.
- Which of the following is true of licensing/franchising?
- Which of the following is true of indirect exports?
- A disadvantage of acquisitions is _____.
- An advantage of joint ventures is _____.
- Which of the following is an advantage of R&D contracts?
- Which of the following is a disadvantage of licensing and franchising?
- Which of the following is an advantage of direct exports?
- Which of the following entry modes is a type of strategic alliance?
- _____ are the most basic non-equity mode of entry, capitalizing on economies of scale in production concentrated in the home country and providing better control over distribution.
- Which of the following is an equity mode of entry?
- Which of the following is a non-equity mode of entry?
- Which of the following characterizes an MNE from a non-MNE?
- Which of the following is an advantage shared by both greenfield operations and acquisitions?
- The distinction between _____ is what defines an MNE from a firm that merely exports or imports.
- Which of the following is true of modes of entry?
- Which of the following is a benefit of large-scale entries?
- _____ refers to the amount of resources committed to entering a foreign market.
- Which of the following is a late-mover advantage?