31. What scenario might discourage a firm from implementing an international strategy?

• Having to invest in creating variety in the firm's products to reduce cultural distance
• Gaining access to the expertise of the partner firm through forming a joint venture
• Gaining rapid entry into a new industry and taking advantage of synergies
• Avoiding import barriers, licensing requirements and other protectionist legislation

32. You are a manager who wishes to evaluate if your international sales strategy is performing as desired. Which is a good KPI (Key Performance Indicator) to measure?

• Defects distribution by volume and severity
• Number of items sold year over year
• Aggregated ROI from new ideas implemented by the firm
• Requests successfully resolved versus total number of requests

36. How might a strategic plan differ for a large corporation versus a small business or entrepreneurial venture?

• Business plans for large corporations tend to be detailed and established prior to starting the business while plans for small businesses/entrepreneurships tend to be brief and evolve as the business becomes established
• Business plans for large corporations tend to focus on legalities and regulations while plans for small businesses/entrepreneurships tend to focus on customer needs and market conditions
• Business plans for large corporations tend to summarize goals and objectives while plans for small businesses/entrepreneurships tend to outline the innovative competitive strategy
• Business plans for large corporations tend to focus on the governance structure while plans for small businesses/entrepreneurships tend to focus on the decision-making process

37. When performing a SWOT analysis, which question might a not-for-profit firm ask itself?

• Where are we most profitable in our business?
• What business units have lower return on investment?
• What tax threats exist in the business sector we operate in?
• What unique resources do we have?