Final 2019 Final exam 1.it has been shown that by steadily and carefully decreasing output there will be a decrease in the production per-unit cost. This phenomenon is called economies of scale False 2.One of the major reasons for creation of the Bretton Woods Agreement was the pressing need for the U.S. government to pay for the costly war in Viet Nam in addition to expensive domestic programs False 3.Cross-licensing often occurs in the semiconductor and chemical industries in order to Avoid research duplication and building on each other’s innovations 4. Scenario Pixem Satellite Photos Russia, Pixem Sateste Photos Russia, a specialized photography products firm, is planning to intenationize via expansion into Russia as its key foreign market .Given that Russia has undergone significant economic transformation for several years, Pixem executives feet confident that this market offers them great potential growth Russia's transition was from ________ a Centrally planned economy to a free-market economy 5 . Susan wu, a chinese-American, has a company that advises clients with expansion strategies for entering china. Most of susan;s current client firms are mid-size or small exporters who want to grow their business by tapping the chinese market. She is putting together a symposium for theml she has a set of questions they will probably ask her. What do you think her response would be to this question. Are the chinese generally as business-oriented and formal as we are here in the U.S.? Don’t overlook the importance of personal relationship; friendship comes before business in China 6.When firms expand internationally through foreign direct investment they must carefully analyze potential locations. They consider several different factors including the inflation rate. What kind of factor is this? Profit retention 7.A key element of the utilitarian approach to ethics in international business is the idea that human dignity is essential and must be preserved. False 8.Franchising is an advanced form of licensing in which the franchisor allows the franchisee the right to use an entire business system in exchange for compensation True 9. Scenario: You Got the Job Jennifer Ellison has just been promoted as vice president of human resources of Mercury Foods, a U.S. based international frozen food corporation. Jennifer’s first task is to staff the company’s European subsidiary. One challenge facing Mercury Foods as it expands into Europe is getting through all the bureaucratic and legal regulations surrounding the food industry. Jennifer plans to hire a manager to ensure that this challenge is overcome. Who among the following will Jennifer most likely recruit for this position? A local manager with strong government contacts 10 ._______theory suggests that firms using FDI as an internationalization strategy must own or control
certain resources and capabilities not easily available to competitors Monopolistic advantage 11. which of the following is most likely to occur in a polychronic culture
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