Some Firms Utilize the Entry Mode That Best Serves to Minimize

question 2

Multiple Choice

Some firms utilize the entry mode that best serves to minimize risk when expanding into a new foreign market. Such firms are said to be following the _________________ rule in the selection of an entry mode:

• A) Naïve
• B) Pragmatic
• C) Strategy
• D) Repetitive

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Definitions:

Bribe

An illegal or unethical payment made to influence someone's behavior in favor of the payer, often to gain some form of advantage.

Government Contracts

Government contracts are agreements between businesses and government entities for the provision of goods and services.

Herfindahl-Hirschman Index

A measure of market concentration used to evaluate the potential for anti-competitive behavior, calculated by summing the squares of the market shares of all firms within the industry.

Industry

A collective term for all manufacturing and production activities within an economy.