International Business and Expansion Strategies Quiz

Which mode of entry involves granting another company the right to use intellectual property in exchange for fees or royalties?

• Foreign Direct Investment (FDI)

• Joint Ventures

• Licensing and Franchising

• Exporting

What is the primary purpose of outsourcing for businesses?

• To complicate operations

• To focus on what they do best

• To increase costs

• To reduce efficiency

What is the main concern associated with offshoring?

• Increased operational efficiency

• Cultural integration challenges

• Job losses in the home country

• Reduced cost savings

Which company exemplifies a global market participant by designing and manufacturing products in one country, sourcing components globally, and distributing its products worldwide?

• Google

• Microsoft

• Samsung

• Apple Inc.

What does the 'Employer of choice' human resource strategy aim to create?

• A place with no promotional opportunities

• A toxic work environment

• A rigid and inflexible workplace

• A desirable place to work

What does the 'Diverse' human resource strategy aim to balance in the workplace?

• Educational background and experience

• Religious and lifestyle preferences

• Nationality and language

• Gender and age

What does the 'Inclusive' human resource strategy aim to foster in the workplace?

• Collaborative environment for idea sharing

• A hierarchical work structure

• Exclusivity and elitism

• Competition among employees

What does 'Fostering intrapreneurship' involve in a company?

• Limiting employees' involvement in innovation

• Empowering employees to think and act like entrepreneurs

• Discouraging employees from thinking creatively

• Encouraging employees to follow strict rules

What should companies focus on during the maturity stage of the business life cycle?

• Increasing competition and market saturation

• Optimising operational efficiency and cost control

• Reducing investment in research and development

• Exploring new markets and enhancing customer loyalty

What does risk management expansion strategies help organisations identify?

• Potential problems that interfere with company's goals

• Opportunities for rapid expansion

• Contingency plans for success

• Challenges that are not worth addressing