An Advantage of Choosing Exporting as a Mode of Entry

question 5

Multiple Choice

An advantage of choosing exporting as a mode of entry into foreign markets is that a firm

• A)can avoid the cost of establishing manufacturing operations in the host country.
• B)shares the development costs and risks with its host partner.
• C)can earn returns from process technology skills in countries where FDI is restricted.
• D)has access to local partner's knowledge.
• E)has the ability to engage in global strategic coordination.

Understand statistical quality control and its role in enhancing product quality and operational effectiveness.

Acknowledge the impact of technology, especially social media, on customer service and product quality.

Identify the principles of process reengineering and its importance in organizational efficiency and customer satisfaction.

Know the role and methods of process value analysis in improving workflow.

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Definitions:

Sensorimotor

Referring to a developmental stage in infants where they learn about the world through sensory experiences and motor activities.

Preoperational

A stage in Jean Piaget's theory of cognitive development where children from about 2 to 7 years old engage in symbolic play but struggle with logic and understanding the perspective of others.

Conservation

The act of preserving, protecting, or restoring the natural environment, natural ecosystems, vegetation, and wildlife to prevent depletion or destruction.

Cognitive Development

The process of growth and change in intellectual/mental abilities such as thinking, reasoning, and understanding.