IB 206 Final Exam || A+ Certified.
Which term defines a favorable combination of conditions, places, and timing that offers
scenarios for exporting, investing, sourcing, or partnering in foreign markets? correct answers
Global market opportunity
Which diagnostic tool was developed by Tamer Cavusgil to aid managers in auditing their
organization's readiness to internationalize? correct answers Company Readiness to Export
A product or service with the best international prospects is most likely to ________. correct
answers meet a universal need
When determining the international market potential for goods such as laundry detergent,
international managers should realize that ________ typically make decisions about purchasing
such products. correct answers homemakers
________ is considered a gateway country to Southeast Asian markets. correct answers
Singapore
Two basic screening methods for determining potential country markets are ________ and
________. correct answers gradual elimination; indexing and ranking
Which of the following offers an estimate of the likely sales for all firms in a particular business
sector in a given period? correct answers Industry market potential
Which of the following systematically profiles the political, economic, and commercial
environment of about 150 countries? correct answers Country Commercial Guides
A business arrangement where one company grants another the right to use intellectual property
for a stated period of time in exchange for royalties is called ________. correct answers licensing
,Which of the following refers to a cross-border business alliance whereby two or more firms
share resources, expenses, and risks to start a new business? correct answers International
collaborative venture
Which of the following offers an estimate of the share of annual industry sales that the firm
expects to generate in a particular target market? correct answers Company sales potential
Which of the following is NOT helpful in estimating company sales potential? correct answers
Extensive marketing efforts to test the waters
________ is an entry strategy that brings about huge inflows and outflows that comprise
international trade. correct answers Exporting
The Internet has caused ________ to become the fastest-growing sector of exporting. correct
answers Services
Which term refers to the basic contract between an exporter and a shipper? correct answers Bill
of landing
Which of the following is frequently included in international sales contracts to indicate how the
cost of freight and insurance is shared by the buyer and seller as well as when the buyer takes
title to the shipment? correct answers Incoterms
A(n) ________ is an intermediary based abroad and contracted by an exporter. correct answers
Foreign Distributor
A ________ is an intermediary that imports and exports commodities, products, and services.
correct answers Trading Company
Which of the following involves obtaining value-adding activities, including semi-finished or
finished products, from suppliers outside the firm? correct answers Outsourcing
, Procuring products or services from international suppliers for consumption in the home country
or in a third country is called ________. correct answers Global Sourcing
The main reason for global sourcing is ________. correct answers Cost Efficiency
Some people view global sourcing negatively because of ________. correct answers A Loss of
Local jobs
A(n) ________ is a firm's integrated network of sourcing, production, and distribution, organized
on a worldwide scale in locations that maximize a firm's competitive advantage. correct answers
Global Supply-Chain
Products are physically moved through the supply chain through _______, which involves
transportation, inventory, and warehousing. correct answers Logistics
Which of the following is also referred to as an international strategic alliance? correct answers
International Collaborative venture
Which of the following refers to a form of collaboration between two or more firms to create a
new enterprise? correct answers Joint venture
________ involves the passive ownership of foreign securities such as stocks and bonds for the
purpose of generating financial returns. correct answers International portfolio investment
Which of the following is a political and governmental factor to be considered when choosing a
location for foreign direct investment? correct answers Openness to foreign investment
One of a firm's motives in using FDI is to acquire ________. correct answers New market
opportunities
Which term defines a favorable combination of conditions, places, and timing that offers
scenarios for exporting, investing, sourcing, or partnering in foreign markets? correct answers
Global market opportunity
Which diagnostic tool was developed by Tamer Cavusgil to aid managers in auditing their
organization's readiness to internationalize? correct answers Company Readiness to Export
A product or service with the best international prospects is most likely to ________. correct
answers meet a universal need
When determining the international market potential for goods such as laundry detergent,
international managers should realize that ________ typically make decisions about purchasing
such products. correct answers homemakers
________ is considered a gateway country to Southeast Asian markets. correct answers
Singapore
Two basic screening methods for determining potential country markets are ________ and
________. correct answers gradual elimination; indexing and ranking
Which of the following offers an estimate of the likely sales for all firms in a particular business
sector in a given period? correct answers Industry market potential
Which of the following systematically profiles the political, economic, and commercial
environment of about 150 countries? correct answers Country Commercial Guides
A business arrangement where one company grants another the right to use intellectual property
for a stated period of time in exchange for royalties is called ________. correct answers licensing
,Which of the following refers to a cross-border business alliance whereby two or more firms
share resources, expenses, and risks to start a new business? correct answers International
collaborative venture
Which of the following offers an estimate of the share of annual industry sales that the firm
expects to generate in a particular target market? correct answers Company sales potential
Which of the following is NOT helpful in estimating company sales potential? correct answers
Extensive marketing efforts to test the waters
________ is an entry strategy that brings about huge inflows and outflows that comprise
international trade. correct answers Exporting
The Internet has caused ________ to become the fastest-growing sector of exporting. correct
answers Services
Which term refers to the basic contract between an exporter and a shipper? correct answers Bill
of landing
Which of the following is frequently included in international sales contracts to indicate how the
cost of freight and insurance is shared by the buyer and seller as well as when the buyer takes
title to the shipment? correct answers Incoterms
A(n) ________ is an intermediary based abroad and contracted by an exporter. correct answers
Foreign Distributor
A ________ is an intermediary that imports and exports commodities, products, and services.
correct answers Trading Company
Which of the following involves obtaining value-adding activities, including semi-finished or
finished products, from suppliers outside the firm? correct answers Outsourcing
, Procuring products or services from international suppliers for consumption in the home country
or in a third country is called ________. correct answers Global Sourcing
The main reason for global sourcing is ________. correct answers Cost Efficiency
Some people view global sourcing negatively because of ________. correct answers A Loss of
Local jobs
A(n) ________ is a firm's integrated network of sourcing, production, and distribution, organized
on a worldwide scale in locations that maximize a firm's competitive advantage. correct answers
Global Supply-Chain
Products are physically moved through the supply chain through _______, which involves
transportation, inventory, and warehousing. correct answers Logistics
Which of the following is also referred to as an international strategic alliance? correct answers
International Collaborative venture
Which of the following refers to a form of collaboration between two or more firms to create a
new enterprise? correct answers Joint venture
________ involves the passive ownership of foreign securities such as stocks and bonds for the
purpose of generating financial returns. correct answers International portfolio investment
Which of the following is a political and governmental factor to be considered when choosing a
location for foreign direct investment? correct answers Openness to foreign investment
One of a firm's motives in using FDI is to acquire ________. correct answers New market
opportunities
