Trắc nghiệm Marketing quốc tế Tiếng Anh có đáp án - Chương 7
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Câu 1:In international marketing, which entry strategy involves a firm granting rights to intangible property such as patents or trademarks to another entity for a specified period in exchange for a royalty fee?
💡 Lời giải chi tiết:
According to standard international business theory, licensing is the process where a licensor grants rights to intangible property to a licensee for a fee. Kết luận Lý giải Licensing
Câu 2:What is the primary difference between licensing and franchising in the context of international market entry?
💡 Lời giải chi tiết:
Franchising is typically a specialized form of licensing that requires the franchisee to follow strict rules and usually involves a longer-term relationship. Kết luận Lý giải Franchising involves longer-term commitments and stricter operational control than licensing.
Câu 3:Which entry mode allows a firm to manufacture its products in the home country and sell them abroad through an intermediary such as an Export Management Company (EMC)?
💡 Lời giải chi tiết:
Indirect exporting occurs when a firm uses independent intermediaries located in its home country to handle foreign sales. Kết luận Lý giải Indirect Exporting
Câu 4:firm decides to enter a foreign market by building a completely new operational facility from the ground up. This is known as a:
💡 Lời giải chi tiết:
Greenfield investment is a form of FDI where a parent company starts a new venture by constructing new operational facilities. Kết luận Lý giải Greenfield Investment
Câu 5:What is a significant disadvantage often associated with licensing as an international entry strategy?
💡 Lời giải chi tiết:
By licensing technology, a firm may inadvertently teach a foreign partner how to compete in the future once the agreement ends. Kết luận Lý giải Risk of creating a future competitor through the loss of proprietary technology.
Câu 6:John Dunning's OLI Framework explains why firms choose Foreign Direct Investment (FDI) over other modes. What does the 'I' in OLI represent?
💡 Lời giải chi tiết:
The Eclectic Paradigm (OLI) stands for Ownership, Location, and Internalization advantages. Kết luận Lý giải Internalization
Câu 7:In a 'Turnkey Project', what is the primary role of the contractor?
💡 Lời giải chi tiết:
A turnkey project is a contract under which a firm agrees to set up an operating plant for a foreign client and hand over the 'key' when the plant is fully operational. Kết luận Lý giải Handling every detail of the project for a foreign client, including training of operating personnel.
Câu 8:Which entry strategy is characterized by two or more firms sharing ownership and control of a new business entity in a foreign market?
💡 Lời giải chi tiết:
A joint venture is a cooperative enterprise between two or more parties that involves the creation of a separate legal entity with shared equity. Kết luận Lý giải Joint Venture
Câu 9:What is the main advantage of an acquisition over a greenfield investment when entering a foreign market?
💡 Lời giải chi tiết:
Acquisitions are generally faster to execute than greenfield investments because the assets and market presence are already established. Kết luận Lý giải It is much quicker to execute and allows for immediate market presence.
Câu 10:Which model of internationalization suggests that firms increase their international involvement in small, incremental steps as they gain knowledge and experience?
💡 Lời giải chi tiết:
The Uppsala Model posits that firms internationalize gradually, starting with markets that are culturally and geographically close. Kết luận Lý giải Uppsala Model
Câu 11:When a firm uses another firm's established distribution channel in a foreign market to sell its products, this is called:
💡 Lời giải chi tiết:
Piggybacking involves a non-competing firm using the established international distribution network of another firm. Kết luận Lý giải Piggyback Marketing
Câu 12:Which entry strategy provides the highest level of control over foreign operations but also carries the highest risk and cost?
💡 Lời giải chi tiết:
Establishing a wholly owned subsidiary involves 100% ownership, offering maximum control and profit retention but requiring significant investment and risk exposure. Kết luận Lý giải Wholly Owned Subsidiary
Câu 13:'Strategic Alliance' differs from a 'Joint Venture' primarily because a Strategic Alliance:
💡 Lời giải chi tiết:
Unlike joint ventures, strategic alliances can be contractual agreements that do not necessarily involve equity or the creation of a new legal entity. Kết luận Lý giải Can be a non-equity cooperative agreement without forming a new company.
Câu 14:Which term describes a firm that from its inception seeks to derive significant competitive advantage from the use of resources and the sale of outputs in multiple countries?
💡 Lời giải chi tiết:
Born globals are companies that view the world as their market right from the beginning, bypassing the traditional incremental stages. Kết luận Lý giải Born Global
Câu 15:What is 'Contract Manufacturing' in international marketing?
💡 Lời giải chi tiết:
Contract manufacturing involves hiring a foreign producer to manufacture the product, while the firm retains responsibility for marketing and distribution. Kết luận Lý giải A firm outsources the actual production of its goods to a local manufacturer in a foreign market.
Câu 16:Which market entry strategy is most appropriate for a firm with a very high-value proprietary technology that it wants to protect from leakage?
💡 Lời giải chi tiết:
To minimize the risk of losing control over core technological competencies, firms usually prefer wholly owned subsidiaries over licensing or joint ventures. Kết luận Lý giải Wholly Owned Subsidiary
Câu 17:What is 'Management Contracting'?
💡 Lời giải chi tiết:
In a management contract, the firm provides managerial know-how to operate a business (often a hotel or hospital) in exchange for a management fee. Kết luận Lý giải A firm provides its management technical expertise to a foreign company for a fee.
Câu 18:Which expansion strategy involves entering foreign markets one after another in a sequential manner?
💡 Lời giải chi tiết:
The waterfall strategy is a sequential market entry approach where a firm enters one market and waits to succeed before moving to the next. Kết luận Lý giải Waterfall Strategy
Câu 19:The 'Sprinkler Strategy' in international marketing refers to:
💡 Lời giải chi tiết:
The sprinkler strategy involves simultaneous entry into multiple foreign markets to achieve rapid global coverage. Kết luận Lý giải Entering many foreign markets simultaneously to preempt competition.
Câu 20:Which of the following is a 'Non-Equity' entry mode?
💡 Lời giải chi tiết:
Non-equity modes do not involve equity investment in the foreign market; examples include exporting and contractual agreements like licensing. Kết luận Lý giải Exporting
Câu 21:What is a 'Consortium' in the context of international business?
💡 Lời giải chi tiết:
A consortium is a multilateral joint venture involving multiple partners, often used for massive infrastructure projects or R&D. Kết luận Lý giải A grouping of several businesses to participate in a common activity, often a large-scale project.
Câu 22:When a firm acquires an existing production facility in a foreign market but makes significant modifications to its operations and technology, this is known as:
💡 Lời giải chi tiết:
Brownfield investment involves acquiring an existing facility and repurposing or upgrading it to meet the acquirer's standards. Kết luận Lý giải Brownfield Investment
Câu 23:What is a common motive for choosing a 'Strategic Alliance'?
💡 Lời giải chi tiết:
Firms often form strategic alliances to pool resources, share R&D costs, and mitigate individual financial risk. Kết luận Lý giải To share the risks and costs of developing new products or technologies.
Câu 24:Which factor in the CAGE Distance Framework refers to differences in language, religion, and social norms between two countries?
💡 Lời giải chi tiết:
Cultural distance encompasses factors like language, ethnicity, religion, and social values that differentiate one country from another. Kết luận Lý giải Cultural Distance
Câu 25:Which entry mode is typically the first step for many small businesses starting their international expansion?
💡 Lời giải chi tiết:
Exporting is often the preferred initial entry mode because it requires the least amount of capital and involves lower risk. Kết luận Lý giải Exporting