Unit 5 International Strategy in Different Contexts

What is the criteria for SMEs in the EU based on the number of employees for medium sized enterprices?

• <250

• <500

• <50

• <10

What are two relevant issues in the current economy related to SMEs?

• Importance of SMEs

• Globalization

• Fear of losing control

• Geographical proximity

Which model is considered more suitable than the Eclectic Paradigm for internationalization?

• FDI & SME Model

• Global Mindset Model

• Family Firms Model

• Uppsala Internationalization Process Model

What may lead SMEs to go beyond exports and consider FDI?

• Internal orientation

• Risk aversion

• Globalization challenges

• Governmental support

"Global Mindset is a key attribute for international competitiveness"

• True

• False

What is the main objective of governmental support for SMEs?

• Enhance domestic sales

• Increase international involvement

• Reduce internal resources

• Promote local competition

What is a characteristic of family firms that may affect their internationalization?

• External consistency

• Risk aversion

• Succession planning

• Low indebtedness level

Which industry is a traditional export industry in Alicante known for its influence of fashion and design?

• Natural Stone Industry

• Food Industry

• Footwear Industry

• Textile Industry

What is a special characteristic of service industries that affects the hotel industry?

• Perishable nature

• High strength of local competitors

• Geographical proximity

• Low seasonality

What are the strategic consequences for the hotel industry due to heterogeneity and intangibility of services?

• Quality control hampering

• Brand image enhancement

• Market knowledge advantage

• Firm size reduction