38. Which of the following is true of the factors regarding the selection of a foreign market?
39. Which of the following is a reason why a relatively poor country may be an attractive
target for inward investment?
40. Which of the following is true of the basic entry decisions a firm must make before a firm
contemplates foreign expansion?
41. Which of the following countries presents a favorable benefit-cost-risk trade-off scenario
for foreign expansion?
42. Which of the following is true of the value that an international business can create in a
foreign market?
43. Which of the following factors determine the value that an international business can
create in a foreign market?
44. In international business, a product that is not widely available in a foreign market and
satisfies an unmet need:
45. Which of the following is true of basic entry decisions for an international firm into a
foreign market?
46. In which of the following situations can an international business command higher prices
for a particular product in a foreign market?
47. In international business, the benefits frequently associated with entering a foreign
market early are known as _____.
48. Which of the following is an example of a first-mover advantage?
49. First-mover disadvantages refer to:
50. _____ refer to costs that an early entrant in a foreign market has to bear that a later
entrant can avoid.
51. Which of the following is an example of a first-mover advantage?
52. Which of the following is an example of a first-mover advantage?
53. _____ arise when the business system in a foreign country is so different from that in a
firm’s home market that the enterprise has to devote considerable effort, time, and expense to
learning the rules of the game.
54. The liability associated with foreign expansion is greater for foreign firms that:
55. The probability of survival for an international business increases if it:
56. In terms of an international firm considering foreign expansion, _____ include the costs of
promoting and establishing a product offering, and educating customers.
57. In international business, an advantage of being a late entrant in a foreign market is the
ability to: