Chapter 11 Quiz

Instructions
Quiz for Chapter 11 Entering Foreign Markets.

This assessment is worth 10 points.

  1. According to the textbook, the choice of what foreign market to enter should be driven by an assessment of:   (1 point)

    a.  
    b.  
    c.  
    d.  

  2. The advantages frequently associated with entering a market early are commonly known as:   (1 point)

    a.  
    b.  
    c.  
    d.  

  3. Which of the following is not a first-mover advantage?   (1 point)

    a.  
    b.  
    c.  
    d.  

  4. The disadvantages associated with entering a market early are commonly known as:   (1 point)

    a.  
    b.  
    c.  
    d.  

  5. __________ are costs that an early entrant has to bear that a later entrant can avoid.   (1 point)

    a.  
    b.  
    c.  
    d.  

  6. __________ costs arise when the business system in a foreign country is so different from that in a firm's home market that the enterprise has to devote considerable effort, time, and expanse to learning the rules of the game.   (1 point)

    a.  
    b.  
    c.  
    d.  

  7. A __________ is a decision that has a long-term impact and is difficult to reverse.   (1 point)

    a.  
    b.  
    c.  
    d.  

  8. The __________ entrant is more likely than the __________ entrant to be able to capture the first-mover advantages associated with demand preemption, scale economies, and switching costs.   (1 point)

    a.  
    b.  
    c.  
    d.  

  9. __________ entry allows a firm to learn about a foreign market while limiting the firm's exposure to that market.   (1 point)

    a.  
    b.  
    c.  
    d.  

  10. Most manufacturing firms being their global expansion through __________.   (1 point)

    a.  
    b.  
    c.  
    d.  



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