135. If a firm is considering entering a country where there are no incumbent competitors to
be acquired, then which of the following modes of entry into foreign markets is most suitable?
136. Briefly describe the value that an international business can create in a foreign market?
137. What is meant by first-mover advantages? Describe three first-mover advantages for
international businesses.
138. In terms of international business, briefly describe pioneering costs.
139. What are the consequences of an international firm entering a foreign market on a
significant scale?
140. According to Christopher Bartlett and Sumantra Ghoshal, what strategies can a firm from
a developing country adopt to successfully enter foreign markets?
141. What are the advantages and disadvantages of exporting as a mode of entry into foreign
markets?
142. Describe turnkey projects as an entry mode into a foreign market.
143. What are some of the ways in which a firm can reduce the risk of losing its proprietary
know-how to foreign companies through licensing agreements?
144. Describe the disadvantages of licensing as a mode of entry into the foreign market.
145. What are the advantages and disadvantages of using joint venture as a mode of entry
into a foreign market?
146. What is meant by wholly owned subsidiary? What are the advantages of wholly owned
subsidiaries?
147. Describe the advantages of turnkey projects as a mode of entry into a foreign market.
148. Describe the advantages and disadvantages of acquisitions as a means of establishing a
wholly owned subsidiary.
149. Describe the pros and cons of greenfield ventures.
150. How should a firm choose between a greenfield venture and an acquisition?