What factors should an entrepreneur consider when deciding on an entry strategy?
What will be an ideal response?
They must be aware of their own strengths and weaknesses as businesspeople in order to judge which option is best for the venture. They must decide how much control they want to have over the international operations and how much risk they are willing to undertake in their operation. It is also dependent on the level and experience of other international operations they have so as to determine how much coordination between them is required and how previous expansions have proceeded.
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What costs are treated as product costs under direct costing?
a. Only direct costs b. Only variable manufacturing costs c. All variable costs d. All variable and fixed manufacturing costs
A recent study reported that 77 percent of companies considered that cross-cultural training was highly valuable and required such training for their expats or their families.
Answer the following statement true (T) or false (F)
Putting your feelings aside to find a solution that satisfies both parties is considered which strategy for integrative bargaining?
a. Separate the people from the problem b. Focus on positions, not interests c. Generate a variety of possibilities d. Insist on some fair standard
At the time the transaction occurred, which of the following would result in an increase in net income under the accrual basis of accounting, but would not result in an increase in net income under cash basis accounting?
A) purchase of supplies for cash B) performance of services on account C) use of supplies purchased earlier D) receipt of cash for services that were performed earlier on account