78. Turnkey projects being short-term propositions can be disadvantageous for a firm if a
country subsequently proves to be a major market for the output of the process that has been
exported. The firm can get around this problem by:
79. In a(n) _____,a mode of entry into foreign markets, a firm grants the rights to intangible
property to another firm for a specified period, and in return, receives a royalty fee.
80. Which of the following is true of licensing as a mode of entry into foreign markets?
81. In terms of licensing, which of the following is an intangible property?
82. Which of the following is true of licensing as a mode of entry into foreign markets?
83. Which of the following is an advantage of licensing as a mode of entry into foreign
markets?
84. Which of the following is a drawback of licensing as a mode of entry into foreign
markets?
85. 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.
86. _____ with a foreign firm are believed to reduce the risks associated with licensing
technological know-how.
87. Which of the following is an example of an industry in which cross-licensing agreements
are increasingly becoming common?
88. _____, a mode of entry into foreign markets, enable firms to hold each other hostage,
which reduces the probability that they will behave opportunistically toward each other.
89. Which of following is true of franchising as a mode of entry into foreign markets?
90. Franchising, a mode of entry into foreign markets, is employed primarily by _____ firms.
91. Which of the following is an advantage of franchising as a mode of entry into foreign
markets?
92. Which of the following is a disadvantage of franchising as a mode of entry into foreign
markets?
93. Which of the following is a disadvantage of franchising as a mode of entry into foreign
markets?
94. Which of the following can be used to overcome quality control problems associated with
franchising as a mode of entry into foreign markets?
95. A _____, a mode of entry into foreign markets, entails establishing a firm that is
collectively owned by two or more otherwise independent firms.
96. A joint venture in which both parties hold equal ownership stakes is known as a(n)
_____.
97. Which of the following is an advantage of joint ventures as a mode of entry into foreign
markets?