Podcast
Questions and Answers
What are the three main types of foreign market entry modes discussed in Chapter 7?
What are the three main types of foreign market entry modes discussed in Chapter 7?
- Online, Offline, and Mergers
- Indirect, Direct, and FDI (correct)
- Domestic, International, and Global
- Exporting, Licensing, and Franchising
Which type of market entry mode involves minimal ownership and control of marketing activities?
Which type of market entry mode involves minimal ownership and control of marketing activities?
- Franchising
- Joint Venture
- Direct Market Entry
- Exporting (correct)
What is a key factor to consider when selecting a foreign entry mode according to the text?
What is a key factor to consider when selecting a foreign entry mode according to the text?
- Size of the headquarters
- Social media presence
- Number of employees
- Proximity to domestic customers (correct)
In the context of foreign market entry, what does FDI stand for?
In the context of foreign market entry, what does FDI stand for?
What aspect plays a crucial role in determining the desired level of control when selecting a foreign market entry mode?
What aspect plays a crucial role in determining the desired level of control when selecting a foreign market entry mode?
What should the decision between indirect exporting and direct exporting be based on?
What should the decision between indirect exporting and direct exporting be based on?
When considering foreign market entry modes, why might changing from indirect to direct be difficult?
When considering foreign market entry modes, why might changing from indirect to direct be difficult?
What does Foreign Direct Investment (FDI) involve?
What does Foreign Direct Investment (FDI) involve?
Why might some companies avoid Foreign Direct Investment (FDI) as an entry mode?
Why might some companies avoid Foreign Direct Investment (FDI) as an entry mode?
Which factor might lead a company to establish a Joint Venture (JV) or foreign subsidiary in a foreign market?
Which factor might lead a company to establish a Joint Venture (JV) or foreign subsidiary in a foreign market?
What factor is emphasized when considering a company's first Foreign Direct Investment (FDI) or Direct Foreign Investment (DFI) experience?
What factor is emphasized when considering a company's first Foreign Direct Investment (FDI) or Direct Foreign Investment (DFI) experience?
Why might a company find it difficult to move beyond exporting?
Why might a company find it difficult to move beyond exporting?
What is one reason for a company to consider FDI?
What is one reason for a company to consider FDI?
In what situation might a company consider moving from exclusive contracts to non-exclusive?
In what situation might a company consider moving from exclusive contracts to non-exclusive?
What could make a product noncompetitive in foreign markets?
What could make a product noncompetitive in foreign markets?
Why might a company prefer domestic production over exporting?
Why might a company prefer domestic production over exporting?
What can prevent exporting from being a viable long-term option in some foreign markets?
What can prevent exporting from being a viable long-term option in some foreign markets?
What is one of the potential reasons for the decline in foreign market entry?
What is one of the potential reasons for the decline in foreign market entry?
In FDI manufacturing, what does the access to local infrastructure primarily include?
In FDI manufacturing, what does the access to local infrastructure primarily include?
What type of products would justify overseas assembly or full manufacturing due to poor market success from import barriers?
What type of products would justify overseas assembly or full manufacturing due to poor market success from import barriers?
What is a key advantage of establishing a foreign sales office with a local director?
What is a key advantage of establishing a foreign sales office with a local director?
What is one of the considerations for Overseas Distribution as an FDI option?
What is one of the considerations for Overseas Distribution as an FDI option?
How can tariff/nontariff barriers impact the cost of materials in a foreign market?
How can tariff/nontariff barriers impact the cost of materials in a foreign market?
What is an example of a nontariff barrier mentioned in the text?
What is an example of a nontariff barrier mentioned in the text?
What does Third Party Logistics (3PL) allow firms to do in the context of foreign market entry?
What does Third Party Logistics (3PL) allow firms to do in the context of foreign market entry?
What is the purpose of tariff engineering as discussed in the text?
What is the purpose of tariff engineering as discussed in the text?
Which factor is unlikely to influence a company's decision to pursue Overseas Distribution as an entry mode?
Which factor is unlikely to influence a company's decision to pursue Overseas Distribution as an entry mode?
When might a need for increased control in a foreign market materialize?
When might a need for increased control in a foreign market materialize?
In the context of reducing the impact of import barriers, what justifies overseas assembly or full manufacturing?
In the context of reducing the impact of import barriers, what justifies overseas assembly or full manufacturing?
