Heineken begins by exporting its product into new markets, and then ____ to a local brewer to establish its position in the market.
Language, values, religion, and education all describe which dimension in the international environment?
Resource development, infrastructure, and exchange rates all describe which dimension in the international environment?
A foreign terrorist kidnaps your firm's marketing VP while the VP is in the host country. This is a harsh example of
A loosely knit social framework in which individuals are expected to take care of themselves is called
The extent to which trade and investments, information, social and cultural ideas, and political cooperation flow between countries is called:
____ is considered a decision that enables an individual or company to benefit at society's expense.
An unethical behavior
____ is the responsibility that goes beyond societal expectations to contribute to the community welfare.
The relationship between social responsibility and financial performance has been shown to be ____.
Which of the following demographic factors distinguish entrepreneurs from others?
They are likely children of immigrants
____ combines creativity, business smarts, passion, and hard work of the traditional entrepreneur with a mission to change the world for better.
Which of the following is the most cited source of new business ideas?
In-depth understanding of industry/profession
A venture capital firm wants to invest in businesses with a high rate of return. In return, they will
invest large amounts of money.
provide necessary assistance and advice.
provide information to help the entrepreneur prosper.
what offers the advantage that the entrepreneur has the ability to develop and design the business in the entrepreneur's own way?
Start a new business
____ refers to an arrangement by which the owner of a product or service allows others to purchase the right to distribute the product or service with help from the owner.
During the latter stages of entrepreneurial growth, the manager
must learn to delegate and decentralize authority.
must institute greater use of rules and procedures.
must hire sufficient management to handle the growth.
Alfred is interested in opening his own business, so he pays a visit to the local Small Business Administration (SBA) to learn more about the potential risks. He learns that about _____ percent of all small businesses fail within two years of opening.
All of the following are common reasons why small business ventures fail EXCEPT:
Lack of controls
Long-term focus 100%