International Entrepreneurship Quiz

SCORE, Small Business Development Centers, the U.S. Chamber Small Business Center, and various websites such as nasbic.org, nvca.org, and kauffman.org.

The opening up of controlled economies, self-interest of organizations, and the need for training and education in developing countries.

Plunkett, Frost and Sullivan, Euromonitor, Gartner, and Gale Directory Library.

<p>Business Source Complete, Hoovers, and Mergent.</p> Signup and view all the answers

<p>Census reports, export/import authority, UN Comtrade, NAICS, and Standard Industrial Classification codes.</p> Signup and view all the answers

<p>Valuable country-specific industry data and insights on trends, companies, and trade shows.</p> Signup and view all the answers

<p>The process of conducting business activities across national boundaries, with activities taking place in more than one country.</p> Signup and view all the answers

<p>Due to differences in economic systems, currency valuations, government regulations, and other factors.</p> Signup and view all the answers

<p>International entrepreneurship is the process of conducting business activities across national boundaries.</p> Signup and view all the answers

<p>The activities take place in more than one country.</p> Signup and view all the answers

<p>International business has become increasingly important to firms of all sizes because of globalization.</p> Signup and view all the answers

<p>The difference between domestic and international business is the need to deal with differences in levels of economic development, currency valuations, government regulations, banking, venture capital, marketing, and distribution systems when creating a business strategy for a multicountry area.</p> Signup and view all the answers

<p>Political risk analysis is an assessment of a country's political policies and stability prior to entry.</p> Signup and view all the answers

<p>The critical areas for every entrepreneur in terms of a country's legal system include property rights, contract law, product safety, and product liability.</p> Signup and view all the answers

<p>One of the biggest problems for entrepreneurs in terms of language is finding a translator.</p> Signup and view all the answers

<p>Overall sales potential, amount and type of competition, cost of the product, geographical size and density, investment policies, exchange rates and controls, level of political risk, overall marketing plan.</p> Signup and view all the answers

<p>Profits, competitive pressures, unique product(s) or service(s), excess production capacity, declining home country sales, unique market opportunity, economies of scale, technological advantage, tax benefits.</p> Signup and view all the answers

<p>Physical and psychological closeness to the international market affects the way business occurs. Cultural variables, language, and legal factors can make a foreign market that is geographically close seem psychologically distant. Issues involved in psychological distance: the distance envisioned by the entrepreneur may be based more on perception than reality. Closer psychological proximity makes it easier for an entrepreneurial firm to enter a market. There are more similarities than differences between individual entrepreneurs regardless of the country.</p> Signup and view all the answers

<p>Develop appropriate indicators, collect data and convert into comparable indicators, establish an appropriate weight for each indicator, analyze the data, select the appropriate market from the market rankings.</p> Signup and view all the answers

<p>Exporting (indirect exporting, direct exporting), nonequity arrangements (licensing, turn-key projects, management contracts), direct foreign investment (minority interests, joint ventures, majority interest, mergers: horizontal merger, vertical merger, product extension merger, market extension merger, diversified activity merger), entrepreneurial partnering.</p> Signup and view all the answers