Many Medium-Size Firms Are Not Proactive in Seeking Export Opportunities

question 52

Multiple Choice

Many medium-size firms are not proactive in seeking export opportunities because

• A) they are familiar with the foreign market and do not find it challenging enough.
• B) the export market is similar to the home market in terms of legal and business practices.
• C) they are intimidated by the complexities and mechanics of exporting to foreign countries.
• D) domestic regulations limit their ability to export profitably.
• E) they can't recruit managers with the expertise needed to cultivate business in foreign countries.

Analyze the outcomes of sequential and simultaneous games.

Identify best responses in game theoretic models.

Determine Nash equilibria in various game settings.

Evaluate strategies for players in competitive and cooperative contexts.

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Definitions:

Activity Drivers

Factors that influence the cost of business activities by determining the level of effort or resources required.

Labour Hours

Refers to the total amount of work time spent by employees, including both direct and indirect labor activities.

Facility-sustaining Activities

Costs and activities associated with maintaining a manufacturing or production facility at an operational status, independent of the actual levels of production.

Batch-level Activities

Operations and tasks performed for a group of units produced as a single batch, costing is aggregated at the batch level.