6. It is typically more difficult to do business in a foreign country than in ones home country due to cultural barriers. Choose the right risk mitigating strategies in dealing with these risks: *

I. in-depth knowledge of existing market channels and suppliers,

II. make a survey on the consumer preferences and current purchase behavior,

III. find the right local partner

IV. analyze the domestic and foreign rules and regulations.

A. I, II, III

B. II,III,IV

C. I,II, IV

All of the above

7. Security risk is one of the top 5 risks in international business. This can include external threats such as cyber-crime and cyber-terrorism, as well as internal threats. Choose some of the measures to reduce these risks. *

Analyze risk of hardware and software failure

outsource the IT system or software by hiring third party company

review the security requirements related to system access and controls authentication

perform system tests to determine any vulnerabilities related to security controls and system performance under recovery conditions.

8. Franchising and licensing are an examples of non equity modes of entry.

True

False

Other:

9. Franchising require tight control over the franchisee

True

False

10. Focusing on creating up-to-date, technology based products instead of expanding the distribution of current products. This statement refers to traditional motif of joint ventures.

True

False

11. Walt Disney Co. said Monday it has expanded and extended its partnership with Pixar Animation Studios, the computer animation company that created Toy Story. ... Under the new agreement, the two companies become equal partners in future films and in related products, such as home videos and merchandise. Which statement best suited the objective of this strategic alliance:

Both companies may achieve economies of scale and reduction risk

Combining core competency for creating new product

Converging two industries in entertainment to gain wider customers

To outplay rivals

Other: