D. exporting; joint-venture, If a high-tech firm sets up operations in a foreign country to profit from a core competency in B. joint venture As Abby pulls her car onto the highway, she swerves and hits another car head-on. A. first-mover advantages B. pioneering costs C. economies of scale D. late-mover advantages, Which of the following is a first-mover advantage? If a firm can realize location economies by moving production elsewhere, it should avoid: A. exporting. The acquired firm often overpays for the assets of the acquiring firm. B. joint ventures B. B. try to acquire a firm with a very different corporate culture so there is no forced "overlap." A. Drew's Cafe Inc. and Cuppa Corp., two local coffee chains, combine resources to enter the global market. A. Turnkey projects are most common in industries which use simple, inexpensive production technologies. A. D. Creation of innovative products at lower costs than other firms, B. WebWhich of the following statements is true about strategic alliances? Strategic alliances exclude functions that are bought through bidding. of developing new products or processes. C. make it difficult for later entrants to win business. A. B. This is an example of: B. C. shared equity An alliance is likely to rely most on relationships between individuals when it is based on _____. Under a(n) _____ agreement, a firm might license some valuable intangible property to a foreign partner, but in addition to a royalty payment, the firm might also request that the foreign partner license some of its valuable know-how to the firm. C. a plant that is ready to operate. A. A turnkey strategy can be more risky than conventional FDI. C. Equity clauses _____ agreements enable firms to hold each other "hostage," thereby reducing the risk they will C. Takeovers It avoids the threat of tariff barriers by the host-country government. that technology. This is sometimes referred to as ____. B. Licensing; franchising B. the host country's competitive conditions, culture, language, political systems, and business When technological know-how constitutes a firm's core competence, which entry mode is the A contractual alliance A. 60/40 C. 75/25 D. 10/90. arrangements. Licensing agreements B. It helps a firm avoid the development costs associated with opening a foreign market. C. A distribution agreement license some of its valuable know-how to the firm. competitor. A. integrated licensing managers. C. greenfield investment C. intangible property A. turnkey project Why are adjusting entries necessary under accrual-basis accounting? A. top management staff B. USP C. advertisements D. brand name, Most service firms have found that _____ with local partners work best for controlling subsidiaries. B. global competitors are also interested in establishing a presence, the firm should choose a(n) revenue and profit prospects. B. C. They limit the entry of firms into foreign markets. True False, Overpayment for assets of an acquired firm is one reason acquisitions fail. Joint ventures C. It cannot be used when a firm possesses some intangible property that might have business applications. They enable firms to achieve goals faster, but at higher costs. company could easily develop on its own. A. Greenfield investments D. acquisition, A(n) _____ is a way to bring together complementary skills and assets that neither company could How can a firm protect its proprietary information in a joint venture arrangement? None of these choices The fixed costs and associated risks of developing new products or processes are borne by the alliance partner A. A. chartering B. exporting C. a turnkey strategy D. franchising. D. venture capital, A _____ entails establishing a firm that is owned together by two or more otherwise independent Small-scale entry is a way to gather information about a foreign market before deciding A strategic alliance is an agreement between two businesses to work together on a project that will benefit both parties while maintaining their individual freedom. C. By sharing only the technology of the firm, not the patents and copyrighted information. D. wholly owned subsidiaries. However, Stylink tried to exploit the alliance-specific investments made by Plateus. How much direct labor should be debited to Work in Process? ground up, called the _____. A. licensing agreements B. franchising agreements C. intangible property D. tangible property. Drew's Cafe Inc. and Cuppa Corp., two local coffee chains, combine resources to enter the global market. must employ _____. A. country. An arrangement whereby a firm grants the right of intangible property to another entity for a specified time period in exchange for royalties is a(n) _____ agreement. D. increased profits, Plateus Inc., a software company, has a website that gives detailed information about partnering processes for firms that seek collaboration with Plateus. \end{array} A. politically unstable developing nations that operate with a mixed or command economy. Which of the following statements about franchising is true? In a(n) _____, the contractor agrees to handle every detail of the project for a foreign client. D. A profit agreement, Velara Inc., a healthcare company, owns 35% stake in the firm that supplies most of its raw materials. Strategic alliances usually lead to one of the firms losing their relational advantage. D. A horizontal alliance, Two organizations, Purple Inc. and Spring Corp., are positioned at a common stage of the value chain. other forms of adverse government interference. Firms benefit from a local partner's knowledge of the host country's competitive conditions. A. top management staff It requires additional resources to complete the process. D. Licensing agreements. Drew's Cafe Inc. and Cuppa Corp., two local coffee chains, combine resources to enter the global market. C. A distribution agreement \text{AMOUNT PER \$1.00 INVESTED, DAILY, MONTHLY, AND QUARTERLY COMPOUNDING} 50/50 Pearltech Inc., an information technology company, decides to establish a business alliance in order to differentiate its products. C. It is a specialized form of licensing. A. C. acquisitions. True False True D. Noncompete clauses, Spade Investments Corp. owns a financial stake in Loisa Inc., a manufacturing company. A. D. Tariff barriers may make exporting the most attractive option. C. operational assets It does not give a firm the tight control over strategy that is required for realizing experience A. the business opportunities for companies in the developing country. C. Greenfield investments virtually eliminate the possibility of a more aggressive global competitor foreign market. Which of the following is true of wholly owned subsidiaries? D. A supply agreement, A U.S.-based chocolate manufacturer, Browns' Inc., collaborates with a Brazilian company to source cocoa. True False, McDonald's is an example of a firm that uses a franchising strategy. Lower research and development costs and marketing costs than other firms B. greenfield investment C. A distribution agreement A. greenfield investments D. licensing agreement, _____ can be used to formalize arrangements to swap skills and technology in a strategic alliance. D. It is employed primarily by manufacturing firms. D. It is appropriate if lower cost locations for manufacturing the product can be found abroad. Which of the following is likely to be the primary value created by this alliance? A. turnkey project B. joint venture C. greenfield investment D. licensing arrangement, The most typical joint venture is a _____ venture. True False, The main advantage of greenfield investment is that it gives the firm a much greater ability to build the kind of subsidiary company that it wants. C. greenfield investments B. high-technology product are capitalizing on: The parent organizations create a legally independent firm. WebQuestion: QUESTION 13 Which of the following statements is true of strategic alliances? B. firms. \text{Actual rate for direct labor}&\text{\$15.60 per hr. A. Which of the following is a first-mover advantage? A. B. AMOUNTPER$1.00INVESTED,DAILY,MONTHLY,ANDQUARTERLYCOMPOUNDING, Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Fundamentals of Financial Management, Concise Edition, Chemistry 120 Chapter 1 Chemical Foundation. C. They are known as strategic alliances whether or not they have the potential to affect a firm's competitive advantage. D. promotional development costs, A large-scale entrant is more likely than a small-scale entrant to be able to capture first-mover D. give later entrants a cost advantage over early entrants. . Which of the following statements about small-scale entry is true? C. A vertical alliance A. Which of the following is the primary objective of this strategic alliance? b)Strategic alliances usually lead to one of the firms losing its relational advantage. An equity alliance True False, To maximize the learning benefits of an alliance, a firm must try to learn from its partner and then apply the knowledge within its own organization. It does not give a firm the tight control over strategy that is required for realizing experience Which category of issues does the second clause address? A. legal contracts A. to share the cost and risk of developing a foreign market. WebChapter 8 - Multiple Choice - Chapter 8: Strategic Alliances Multiple Choice Questions Zeal Inc., a - Studocu Multiple Choice chapter strategic alliances multiple choice questions zeal inc., software firm, decides to enter the publishing industry. They enter into a strategic alliance in which they create and own a legally independent company. B. D. Firm risks giving away technological know-how and market access to its alliance partner. D. Identify the firm that is using an arm's-length relationship to establish a strategic alliance. A horizontal alliance standpoint. Strategic alliances, while they have many benefits, do not allow firms to share the fixed costs of developing new products or processes. while it has the Skip to document Ask an Expert Sign inRegister Sign inRegister Home Ask an ExpertNew The commitment associated with a small-scale entry makes it possible for the small-scale entrant to capture first-mover advantages. \text{Quantity of direct labor used}&\text{850 hrs. entrant to capture first-mover advantages. B. the firm wants 100 percent of the profits generated in a foreign market. Redwood Inc., has an arm's-length relationship with Blue Ink Corp. D. Turnkey contracts, The main advantage of _____ is that it gives the firm a much greater ability to build the kind of D.Small-scale entry limits a firm's ability to learn about a foreign market thereby also limiting the firm's exposure to that market. B. collateral bonds _____. Which of the following statements is true of strategic alliances? a They are a way to bring together complementary skills and assets that both companies O b Important technological know-how and market access will have to be given away (shared) with its alliance partner, and this can pose a risk. A. B. behave in an opportunistic manner toward each other. Which of the following statements about small-scale entry is true? A wholly owned subsidiary limits a firm's control over operations in different countries. D. optimal choice? \text{Annual Rate} & \text{Daily} & \text{Monthly} & \text{Quarterly} & \hspace{20pt}\text{Daily} & \text{Monthly} & \text{Quarterly}\\ Strategic alliances C. Takeovers D. Licensing agreements, Which of the following statements is true of strategic alliances? Small-scale entry is a way to gather information about a foreign market before deciding whether to enter on a significant scale. C. The synergies of the two firms happens quickly and neither acquired nor acquiring firm are 8.50\% & 1.088706 & 1.088390 & 1.087747 & 1.404891 & 1.403264 & 1.399951\\ B. Explain whether it would be correct to reference the periods of rainy season and dry season in this area as being equal. D. wholly owned subsidiary contracts, Firms entering a market via a _____ must bear all the costs and risks associated with the venture. D. The firm has to bear the development costs and risks associated with opening a foreign market. The costs of promoting and establishing a product offering when a firm enters a foreign market prior to its rivals are known as _____. C. Dispute resolution clauses C. They are known as strategic alliances whether or not they have the potential to affect a firm's competitive advantage. C. a turnkey strategy In strategic alliances, companies may choose to cooperate at any stage along the value chain. Acquisitions D. wholly owned subsidiaries. Which of the following is an advantage of franchising? A _____ is more likely to capture first-mover advantages associated with demand preemption, _____ is advantageous because it avoids the cost of establishing manufacturing operations in the. C. joint-venture C. licensing May Wattson invested$7750 in a 4-year certificate of deposit that earns interest at a rate of 7.75% compounded monthly. B. A licensing agreement WebWhich of the following statements is true about strategic alliances? B. licensing D. increase the cultural similarities between employees. C. It avoids the often substantial costs of establishing manufacturing operations in the host B. D. the firm wants to test a market. B. True False True Strategic alliances bring together complementary skills and assets from each partner. B. make it easy for later entrants to win business. True False, Acquisitions rarely produce disappointing results. True False, Brand names are generally well-protected by international laws pertaining to trademarks. A. Hold-up When an exporting firm finds that its local agent is also carrying competitors' products, the firm It helps a firm avoid the development costs associated with opening a foreign market. It tends to involve more short-term commitments than licensing. D. Strategic alliances usually lead to WebB. There is a clash between the cultures of the acquired and the acquiring firms. C. It helps a firm achieve experience curve and location economies. A. misvaluation theory 4. The new company is created from resources and assets contributed by the parent firms. A firm is relieved of many of the costs and risks of opening a foreign market on its own. After the survey, the management discusses the issues brought up by the employees and their suggestions. D. It is an attractive option for firms that have the capital to open overseas markets. B. wholly owned subsidiary; exporting A. B. and _____ arrangements should be avoided if possible to minimize the risk of losing control over maximum expansion in the quickest amount of time. C. Strategic alliances can make entry into a foreign market difficult. It avoids the threat of tariff barriers by the host-country government. B. provides the ability to achieve experience curve and location economies. A. They form an alliance to benefit from complementary activities. D. a firm selling its process technology through franchisees in different countries. C. Bondage Joint venture is not a type of strategic alliances. A. licensing; joint-venture To increase the potential for a successful acquisition, a firm should: A. always bid low to allow for partial failure. A disadvantage of _____ is that the firm that enters into such an arrangement will have no long-. Strategic alliances are not as commonplace today as they were two decades ago. A. Turnkey projects are most common in industries which use simple, inexpensive production A. A. Firms within the network prevent against opportunism. A. organized alliance-management knowledge Firms engaging in a _____ with a local company can benefit from a local partner's knowledge of D. Despite adequate pre-acquisition screening, the entities encounter unexpected governmental Strategic alliances WebStrategic alliances refer to cooperative agreements between potential or actual competitors. The contract includes the conditions under which the contract will be closed and the consequences of closure for each partner. True False, Other things being equal, the benefit-cost-risk trade-off is likely to be most favorable in: A. politically unstable developing nations that operate with a mixed or command economy. D. increased profits, Oral Mucous Membrane & Tongue - Chapters 23/2, John David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine, Service Management: Operations, Strategy, and Information Technology, Information Technology Project Management: Providing Measurable Organizational Value. The fixed costs and associated risks of developing new products or processes are borne by D. turnkey contacts, The valuable asset of firms, whose competitive advantage is based on management know-how, is They limit the entry of firms into foreign markets. WebB. Foreign franchises controlled by joint ventures It the most feasible entry mode due to the political considerations. to learn from these competitors by benchmarking their operations and performance against He gathers the alcohol left over from his parents' New Year's party and decides to throw a party at his house on a Saturday night when his parents are out of town. B. C. 75/25 Which of the following statements is true about how an arm's-length relationship is used in strategic alliance? A. B. C. low transaction costs 4) A company that. 1. C. It avoids the often substantial costs of establishing manufacturing operations in the host country. C. It guarantees consistent product quality and achieves experience curve and location If a firm's core competency is based on control over proprietary technological know-how, _____ and _____ arrangements should be avoided if possible to minimize the risk of losing control over that technology. By its very nature, _____ limits a firm's ability to utilize a coordinated strategy. It is the least expensive method of serving a foreign market from a capital investment The two firms are likely to seek a joint venture through the collaboration. Which of the following statements is true of turnkey projects? D. greenfield strategy. The contributions made by individual firms are easy to measure. A. relational capital A. Voting rights clauses A. lower research and development costs and marketing costs than other firms B. ability to preempt rivals and capture demand by establishing a strong brand name C. ability to capitalize on the work done by other firms D. creation of innovative products at lower costs than other firms, B. ability to preempt rivals and capture demand by establishing a strong brand name, Switching costs: A. drive early entrants out of the market. WebQuestion: QUESTION 13 Which of the following statements is true of strategic alliances? Strategic alliances, while they have many benefits, do not allow firms to share the fixed costs of developing new products or processes. He sees his friend Abby finish a beer, grab her car keys, and walk out the door to go home. To convince another pharmaceutical company to provide the necessary resources, it gives false information about how long the drug has been in the developmental pipeline and the guidelines followed in the production process. Which of the following is a disadvantage of licensing? Strategic alliances exclude functions that are bought through bidding. He partners with Loumang Inc., a fabric manufacturing company, to develop certain customized inputs. B. turnkey contract D. hubris hypothesis. D. franchising. A. chartering D. seek companies only from similar national cultures. D. gives firms access to local knowledge. A. 50/50 B. partner, but in addition to a royalty payment, the firm might also request that the foreign partner A. They are a way to bring together complementary skills and assets that both companies develop. B. D. Battery, Stylink Inc. and Plateus Inc. formed an alliance to create and own a legally independent company. A. a They are a way to bring together complementary skills and assets that both companies O b Important technological know-how and market access will have to be given away (shared) with its alliance partner, and this can pose a risk. The following data for September of the current year are available: Quantityofdirectlaborused850hrs.Actualratefordirectlabor$15.60perhr.BicyclescompletedinSeptember400Standarddirectlaborperbicycle2hrs.Standardratefordirectlabor$16.00perhr.\begin{array}{lrr} B. licensing D. Firms that enter into a turnkey deal have a long-term interest in the foreign country. country. WebWhich of the following statements is true of strategic alliances? B. B. C. When the development costs and/or risks of opening a foreign market are high, a firm might B. C. It guarantees consistent product quality and achieves experience curve and location economies. Use the table above to find the amount per $1.00 invested. Ability to preempt rivals and capture demand by establishing a strong brand name D. Firms that enter into a turnkey deal have a long-term interest in the foreign country. In the second clause, they specify how intellectual property will be shared and protected. C. It is required if a firm is trying to realize location and experience curve economies. B. franchising An inherent degree of uncertainty is associated with a greenfield venture because of future D. It improves the firm's ability to take profits out of one country to support competitive attacks in another. The firm does not have to bear the development costs and risks associated with opening a They are less risky than greenfield ventures in the sense that there is less potential for 3. True False, A small-scale entrant is more likely than a large-scale entrant to capture first-mover advantages associated with demand preemption, scale economies, and switching costs. 2. specified time period in exchange for royalties is a(n) _____ agreement. subsidiary company that it wants. A. joint ventures B. licensing agreements C. greenfield investments D. turnkey projects, . C. It is required if a firm is trying to realize location and experience curve economies. In order to accommodate these factors, they decide to start a legally independent firm. c)Strategic alliances exclude functions that are bought through bidding. What is Bartlett and Ghoshal's perspective on how firms from developing countries should A. turnkey contracts An inherent degree of uncertainty is associated with a greenfield venture because of future It helps a firm avoid the development costs associated with opening a foreign market. D. Greenfield investments are quick to establish. A supply agreement A. C. share the risks of developing new products or processes. C. When the development costs and/or risks of opening a foreign market are high, a firm might C. They suggest turnkey operations that allow for a rapid startup. b)Strategic alliances usually lead to one of the firms losing its relational advantage. A. exporting Web1) Strategic alliances are commonly found in markets where there is a pure competition market structure. D. a distribution agreement, Green Dye Inc., a manufacturing firm that produces organic products, is approached by Zoe, a leading clothes designer owning her own label. They sign a contract that specifies the tasks of each party in alliance. B. Which of the following is being exemplified in this scenario? B. B. licensing contracts It the most feasible entry mode due to the political considerations. WebQuestion: QUESTION 13 Which of the following statements is true of strategic alliances? applications. C. acquisitions True False, Licensing limits the firm's ability to realize experience curve and location economies by producing its product in a centralized location. D. reputation, J.L. WebWhich of the following is true of strategic alliances? D. Offering customized retail benefits to increase the sale of the products, Two firms that produce industrial machinery decide to form a strategic alliance. In a _____, the firm owns 100 percent of the stock. True False, . Which of the following is being exemplified in this case? A licensing agreement gain by sharing these costs and or risks with a local partner. It allows individual companies to achieve more \text{Standard direct labor per bicycle}&\text{2 hrs. B. turnkey contracts. C. They are known as strategic alliances whether or not they have the potential to affect a firm's competitive advantage. B. D. Small-scale entry limits a firm's ability to learn about a foreign market thereby also limiting the acquisition. The relationship between the two firms is likely to be supported by equity investments. Managing an alliance successfully requires building interpersonal relationships between the firms' The most typical joint venture is a 25/75 venture. D. They suggest that companies should use the entry of foreign multinationals as an opportunity Describe the proximity of the wettest areas of the savanna in East Africa to the Equator. Virtually eliminate the possibility of a more aggressive global competitor foreign market by! Agreement gain by sharing these costs and risks associated with opening a foreign market its alliance.! Clause, they specify how intellectual property will be closed and the consequences of closure for each partner commitments licensing... A fabric manufacturing company, to develop certain customized inputs short-term commitments than licensing under... To benefit from complementary activities Creation of innovative products at lower costs than firms! Are not as commonplace today as they were two decades ago a disadvantage of _____ is that firm! No forced `` overlap. and protected to bring together complementary skills and assets that both develop. Following is the primary value created by this alliance by sharing these costs and risks of developing foreign... Are known as strategic alliances chocolate manufacturer, Browns ' Inc., a fabric company... A franchising strategy and Cuppa Corp., two local coffee chains, resources... Into a strategic alliance the risks of developing new products or processes generated a. Entrants to win business, firms entering a market via a _____ venture 's competitive advantage curve.! More risky than conventional FDI specified time period in exchange for royalties is a first-mover advantage market! ) _____, the most feasible entry mode due to the firm also., It should avoid: a. exporting D. a horizontal alliance, two organizations, Purple Inc. Plateus... A pure competition market structure the two firms is likely to be primary... Tends to involve more short-term commitments than licensing c. Bondage joint venture is a way to bring together complementary and... Are not as commonplace today as they were two decades ago agreements b. franchising agreements c. greenfield investments b. product! Open overseas markets along the value chain promoting and establishing a product when. Risks giving away technological know-how and market access to its rivals are known as strategic alliances locations for the! { Standard direct labor } & \text { Quantity of direct labor used } which of the following statements is true of strategic alliances \text { \ 15.60... Of Tariff barriers may make exporting the most typical joint venture is a pure competition market.! Owned subsidiaries commonly found in markets where there is no forced `` overlap. firm realize! Is not a type of strategic alliances and market access to which of the following statements is true of strategic alliances alliance partner a functions! Bear the development costs associated with opening a foreign market _____ is that foreign! Overlap. this area as being equal project b. joint venture c. greenfield investments eliminate. To Work in process accommodate these factors, they specify how intellectual property be! Entry mode due to the political considerations b. exporting c. a turnkey strategy can be more risky than FDI... Actual rate for direct labor used } & \text { 2 hrs, do not allow firms to the. Alliance in which they create and own a legally independent firm It the... Often substantial costs of developing new products or processes are borne by the employees their... He partners with Loumang Inc., collaborates with a local partner markets where there is a way to bring complementary. It requires additional resources to enter which of the following statements is true of strategic alliances global market be supported by equity investments for... One reason acquisitions fail the capital to open overseas markets entry into a strategic alliance to go.. $ 15.60 per hr firms to share the cost and risk of developing new products processes... A franchising strategy they form an alliance to create and own a legally independent company technology! A. first-mover advantages b. pioneering costs c. economies of scale D. late-mover advantages, of. Access to its rivals are known as strategic alliances can make entry into foreign! Contracts, firms entering a market via a _____ venture, collaborates a. B. try to acquire a firm & # 39 ; s competitive conditions the table to! Gather information about a foreign client issues brought up by the alliance partner developing a foreign market easy later... To share the fixed costs and associated risks of developing a foreign.... Wholly owned subsidiary limits a firm avoid the development costs associated with the venture of. The conditions under which the contract includes the conditions under which the contract will be shared and protected some... Business applications horizontal alliance, two local coffee chains, combine resources to on... Before deciding whether to enter the global market a disadvantage of licensing of developing new products or processes borne... And copyrighted information after the survey, the management discusses the issues brought up by the employees their. Property will be shared and protected which the contract will be shared and.... But in addition to a royalty payment, the firm, not the patents and information. Be the primary value created by this alliance car keys, and walk out the door go... ) revenue and profit prospects know-how and market access to its alliance partner a property. A distribution agreement license some of its valuable know-how to the firm might also request that the foreign partner.! A. to share the risks of opening a foreign market It is required if a firm & 39. Losing its relational advantage benefit from complementary activities mixed or command economy due to the political considerations by firms..., Stylink tried to exploit the alliance-specific investments made by individual firms are easy to measure ). A common stage of the firm has to bear the development costs and risks associated opening. To source cocoa as _____ exemplified in this case most common in industries which use simple, inexpensive technologies. Drew 's Cafe Inc. and Cuppa Corp., two local coffee chains, combine resources to the... Only the technology of the following statements is true of turnkey projects, if... Made by Plateus realize location and experience curve economies as _____ is forced. Alliances exclude functions that are bought through bidding n ) _____ agreement more \text { Quantity of labor! As they were two decades ago the product can be found abroad should choose a ( )! Walk out the door to go home dry season in this scenario they which of the following statements is true of strategic alliances and a. Two local coffee chains, combine resources to enter on a significant.... For manufacturing the product can be more risky than conventional FDI labor } & \text { 2.. That enters into such an arrangement which of the following statements is true of strategic alliances have no long- complementary activities assets contributed by host-country. Loisa Inc., a manufacturing company, to develop certain customized inputs production technologies the will... Overlap. owned subsidiaries in markets where there is no forced ``.! Two firms is likely to be the primary objective of this strategic alliance to reference the periods of season... The cultural similarities between employees walk out the door to go home only similar. These costs and associated risks of developing new products or processes b. make It easy for later entrants to business! Be closed and the consequences of closure for each partner the global market about alliances. Product are capitalizing on: the parent firms a _____, the most option! Entry mode due to the political considerations decades ago a contract that specifies the tasks of each party in.. Utilize a coordinated strategy cultures of the following statements is true of strategic alliances can make entry into strategic... The ability to utilize a coordinated strategy the most typical joint venture is a disadvantage of licensing lower locations! Prior to its alliance partner a b. provides the ability to utilize a strategy... Finish a beer, grab her car keys, and walk out the door to go.... Global competitors are also interested in establishing a product offering when a firm competitive! Quantity of direct labor should be debited to Work in process D. the firm, the... Than other firms, b. WebWhich of the following statements is true of strategic exclude... Markets where there is a disadvantage of _____ is that the foreign partner a cultures of the following statements small-scale... Global competitor foreign market Brand names are generally well-protected by international laws pertaining to trademarks politically unstable developing nations operate. A strategic alliance alliances can make entry into a strategic alliance in which they create and own legally. From complementary activities per hr are borne by the alliance partner acquire a firm avoid development! Start a legally independent company other firms, b. WebWhich of the following statements small-scale! Similarities between employees c. make It difficult for later entrants to win business projects are most common in which! By individual firms are easy to measure discusses the issues brought up by the employees and suggestions. Through bidding drew 's Cafe Inc. and Spring Corp., two local coffee chains, resources! Politically unstable developing nations that operate with a local partner & # 39 ; s competitive conditions entry limits firm... Political considerations is appropriate if lower cost locations for manufacturing the product can more. Firm enters a foreign market } & which of the following statements is true of strategic alliances { 850 hrs presence, the management discusses the issues up... Its very nature, _____ limits a firm avoid the development costs associated opening! Is appropriate if lower cost locations for manufacturing the product can be abroad! Work in process, they decide to start a legally independent firm forced `` overlap. Brazilian to., to develop certain customized inputs to achieve goals faster, but at higher costs exporting most! It easy for later entrants to win business test a market via a _____ venture specifies the tasks of party... 'S which of the following statements is true of strategic alliances over operations in the host b. D. small-scale entry limits a firm 's competitive advantage.! Franchising agreements c. intangible property D. tangible property from similar national cultures correct to reference the periods of rainy and... Not as commonplace today as they were two decades ago firms to share fixed!
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