Podcast
Questions and Answers
Which method of international business involves the inflow of goods into the home country's market?
Which method of international business involves the inflow of goods into the home country's market?
- Licensing
- Importing (correct)
- Franchising
- Outsourcing
What is a common problem associated with the licensing method of international business?
What is a common problem associated with the licensing method of international business?
- Problems with local marketing agents
- Lack of control over technology (correct)
- Inability to realize location and experience curve economies
- High transport costs
Which form of international business allows a company to distribute and sell standardized products in the international market?
Which form of international business allows a company to distribute and sell standardized products in the international market?
- Outsourcing
- Joint ventures
- Franchising
- Licensing (correct)
What is a potential disadvantage of importing and exporting in international business?
What is a potential disadvantage of importing and exporting in international business?
Which method of international business involves a company using ownership rights to distribute and sell products internationally?
Which method of international business involves a company using ownership rights to distribute and sell products internationally?
What is the primary difference between franchising and joint venture?
What is the primary difference between franchising and joint venture?
What is a disadvantage of franchising mentioned in the text?
What is a disadvantage of franchising mentioned in the text?
What advantage of joint venture is highlighted in the text?
What advantage of joint venture is highlighted in the text?
What is the key difference between outsourcing and offshoring?
What is the key difference between outsourcing and offshoring?
Which type of companies have independent operations in each country?
Which type of companies have independent operations in each country?
Which method is mentioned as being effective when the cost of conducting certain business processes is cheaper in another country?
Which method is mentioned as being effective when the cost of conducting certain business processes is cheaper in another country?
What is a disadvantage of joint venture according to the text?
What is a disadvantage of joint venture according to the text?
What is a key feature of multinational companies as per the text?
What is a key feature of multinational companies as per the text?
What is a similarity between franchising and licensing as per the text?
What is a similarity between franchising and licensing as per the text?
What advantage does outsourcing provide, according to the text?
What advantage does outsourcing provide, according to the text?
