Identify each of the four driving forces that encourage entrepreneurs to go global, and discuss the change in traditional to emerging perspectives.

What will be an ideal response?


Although the motives for global expansion vary, these basic forces can be divided into four general categories. Within each category fall some tried and true motivations, as well as some newer perspectives that have emerged in more recent years.Expanding markets.A traditional motivation would be using international expansion to extend a product's life cycle, but an emerging motivation is to find buyers for highly specialized products.Gaining access to resources.A traditional motivation would be to obtain raw materials, but an emerging motivation is to find skilled labor.Cutting costs.A traditional motivation would be to reduce labor costs, but an emerging motivation is to reduce tariffs.Capitalizing on special features of location.A traditional motivation would be to profit from unique locations, but an emerging motivation is to follow large client firms that locate abroad.

Business

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Business

An increase in sales may lead to:

A) a decrease in receivables. B) a decrease in working capital. C) an increase in fixed assets. D) an increase in payables.

Business

David McRemitz developed three unique programs while working for his software firm. This makes him an entrepreneur

a. True b. False Indicate whether the statement is true or false

Business

All of the following are characteristics of the maturity stage of the product life-cycle except

A) a peak in the sales curve. B) a decline in the sales curve. C) simplification of product lines. D) increased distribution. E) increased price competition.

Business