Foreign laws and regulations are friendly toward franchising. It provides an effective blending of skill decentralization and operational centralization. The franchiser provides market knowledge, capital, and personal involvement in management.
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What is franchisee?
Why did Alcoa send line workers to foreign locations?
What was the argument for market segmentation in the 1980s?
Do you need a direct sales force in a foreign country?
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Why are foreign laws and regulations friendly toward franchising group of answer choices?
Why are foreign laws and regulations friendly toward franchising? It tends to foster local ownership, operations, and employment.
Which mode of foreign market entry offers the most control and the highest potential return for a company group of answer choices?
Wholly owned subsidiaries (WOS) Greenfield investment is the establishment of a new wholly owned subsidiary. It is often complex and potentially costly, but it is able to provide full control to the firm and has the most potential to provide above average return.
What refers to two or more participating companies joining forces to create a separate legal?
By Armand Aponte. A joint venture is an arrangement in which two or more companies or parties join forces to engage in a specific business activity.
What impact has global competition had on business activities in the international marketplace?
What impact has global competition had on business activities in the international marketplace? It has put more power in the hands of the customer. A manufacturer of toiletries and cleaning products uses the name Home Helper, for most products in their international markets.
Why is franchising an attractive method of entering a foreign market?
Franchising is an attractive way to enter foreign markets because it requires little financial investment by the franchisor. Indeed, local franchisees must pay the vast majority of the expenses associated with getting their businesses up and running.
Which of the following is an advantage of using licensing or franchising as a foreign entry mode?
Which of the following is an advantage of using licensing or franchising as a foreign entry mode? Licensing or franchising reduces a firm's exposure to loss of reputation.
What are the advantages of using a strategic alliance when operating in a new country?
Strategic alliances allow partners to scale quickly, build innovative solutions for their customers, enter new markets, and pool valuable expertise and resources. And, in a business environment that values speed and innovation, this is a game-changer.
What are the advantages to a company using a joint venture rather than buying or creating its own wholly owned subsidiary when entering a new international market?
Advantages of joint venture increased capacity. sharing of risks and costs (ie liability) with a partner. access to new knowledge and expertise, including specialised staff. access to greater resources, for example, technology and finance.
Which of these occur when two or more companies from different countries enter into an agreement to conduct joint business activities?
International strategic alliances occur when two or more companies from different countries enter into an agreement to conduct joint business activities. Strategic alliances are often the preferred means of entry in emerging markets because they make it easier to do business in the country.
What advantages do foreign competitors have?
Competing in international markets involves important opportunities and daunting threats. The opportunities include access to new customers, lowering costs, and diversification of business risk.
What are the benefits of international business?
It helps in improving profits of the organizations by selling products in the nations where costs are high. It helps the organization in utilizing their surplus resources and increasing profitability of their activities. Also, it helps firms in enhancing their development prospects.
What is the competitive advantage for new international markets?
One of the most common advantages in our globalised economy is that of cost leadership. This is where a business offers similar value at a lower price. This is usually achieved by continually optimising operational efficiency at each stage of the supply chain from production costs right up to after sales service.
Which method of entering the global market has the highest risk and highest return?
Which global entry strategy has the highest degree of risk? Direct investment requires the highest level of investment and exposes the firm to significant risks, including the loss of its operating and/or initial investments.
Which strategy for entering a foreign market has the highest degree of risk?
However, the riskiest strategy of entering new markets is the wholly-owned subsidiary mechanism where a company's stocks become another foreign company's entire property.
Which entry mode has highest risk and profit?
Direct investment-Foreign Direct Investment (FDI's) risk and profit potential are the highest in the foreign markets.
Which of the following is the best way to enter an international market if the company's headquarters want to achieve the highest degree of control over foreign operations?
Exporting is a typically the easiest way to enter an international market, and therefore most firms begin their international expansion using this model of entry. Exporting is the sale of products and services in foreign countries that are sourced from the home country.
Chapter 12 Quiz Flashcards | Quizlet
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Flashcards - Exam 4: CH 11 & 12 - FreezingBlue
Exam 4: CH 11 & 12 - International Marketing CH 11 & 12 Exam. Cho wanted to sell her custom jewelry made in China to the U.S. market, but she didn't have a lot of capital to get started, nor did she know how to get around import restrictions.
What is franchising in business?
Franchising is a rapidly growing form of licensing in which the franchiser provides a standard package of products, systems, and management services, and the franchisee provides market knowledge, capital, and personal involvement in management . The combination of skills permits flexibility in dealing with local market conditions ...
What is a franchiser?
The franchiser provides market knowledge, capital, and personal involvement in management. C. Foreign laws and regulations are friendly toward franchising. Franchising is a rapidly growing form of licensing in which the franchiser provides a standard package of products, systems, and management services, and the franchisee provides market ...
What is international corporate planning?
International corporate planning is essentially long term, incorporating generalized goals for an enterprise as a whole. Strategic planning is conducted at the highest levels of management and deals with products, capital, research, and the long- and short-term goals of the company.
What was the market segmentation argument in the 1970s?
In the 1970s, the market segmentation argument was framed as "standardization versus adaptation.". In the 1980s, it was "globalization versus localization," and in the 1990s, it was "global integration versus local responsiveness.". In the context of global marketing management, international marketers framed the argument toward market segmentation ...
What is franchisee?
The franchisee provides market knowledge, capital, and personal involvement in management.
Why did Alcoa send line workers to foreign locations?
Alcoa sent line workers and managers to foreign locations to seek out new techniques and processes, and they brought them back to the home country to improve operations. This shows the benefits of
What was the argument for market segmentation in the 1980s?
With respect to global marketing management, the argument for market segmentation in the 1980s was framed as. globalization versus localization. Alcoa sent line workers and managers to foreign locations to seek out new techniques and processes, and they brought them back to the home country to improve operations.
Do you need a direct sales force in a foreign country?
A direct sales force may be required in a foreign country, especially for