Firms Who Wish to Go Global but Who Are Not

question 1

Multiple Choice

Firms who wish to go global but who are not ready to assume significant risk may resort to ____________ in order to compete internationally.

• A)licensing a local firm to manufacture the company's products
• B)acquiring a local operation
• C)government subsidized exporting programs
• D)setting up a local factory

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Definitions:

General Adaptation Syndrome

A three-stage response model describing the physiological changes the body goes through under stress: alarm, resistance, and exhaustion.

Resistance

The act of opposing or withstanding; in psychology, it refers to the opposition against the uncovering of unconscious material or changing behaviors.

Fight-Flight Response

An acute stress response involving a physiological reaction that occurs in response to a perceived harmful event, attack, or threat to survival.

Walter Cannon

A physiologist known for his work on the fight or flight response and coining the term homeostasis to describe the body's automatic efforts to maintain a constant internal environment.