Started on Friday, 16 August 2024, 5:00 PM
State Finished
Completed on Friday, 16 August 2024, 5:19 PM
Time taken 18 mins 55 secs
Marks 50.00/50.00
Grade 100.00 out of 100.00
Question 1
Correct
Mark 1.00 out of 1.00
______________ refers to an agreement between two parties to use one party’s entire business concept for a royalty fee.
a. Turkey projects
b. Licensing
c. Franchising
d. Subcontracting
Open economies with low trade barriers allow foreign entrants to challenge local firms and thus indirectly encourage firms to
pursue their opportunities abroad. This is an example of _________________.
a. None of the above
b. General Institutional Environment
c. Institutional distance
d. Cultural distance
The correct answer is: General Institutional Environment
Question 5
Correct
Mark 1.00 out of 1.00
_______________ refers to an agreement in which Firm A gives Firm B the right to use Firm A’s proprietary technology (such as
a patent) or trademark (such as a corporate logo) for a royalty fee paid to A by B.
a. Franchising
b. Licensing
c. Subcontracting
d. Turnkey project
The correct answer is: Licensing
Question 6
Correct
Mark 1.00 out of 1.00
Which of the following are the disadvantages of the first(early) movers?
a. Opportunity to free-ride on first-mover investments
b. Resolution of technological and market uncertainty
c. All the above
d. First mover’s difficulty to adapt to market changes
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