Describe six strategies that a small firm can use to go global.

What will be an ideal response?

?Exporting: the sale of products made in the home country to customers in another country?Importing: selling goods from abroad in the firm's home market?Foreign licensing: allows a company in another country to purchase the right to manufacture and sell a firm's products in overseas markets?International franchising: a variation of the foreign licensing strategy where the franchiser (offering a standard package of products, systems, and management services) and franchisee (providing capital, market insight, and hands-on management) work together?International strategic alliances: allows firms to share risks and pool resources for entry into a new market. Critical is the match of the local partner's understanding of the target market (its culture, legal system, competitive conditions, etc.) with the  counterpart's expertise (technology or product knowledge).?Establishing an international presence: typical of a small business with a developed international customer base who has advanced global aspirations. Most small companies start by locating a facility or sales office overseas; more ambitious plans would be cross-border acquisitions or a greenfield startup.

Business

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Indicate whether the statement is true or false

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Which of the following statements is not true about materiality judgments?

a. The auditor's consideration of materiality is influenced by the auditor's perception of the needs of users of financial statements. b. The auditor considers materiality only in relation to classes of transactions, account balances, and disclosures. c. Materiality judgments are used to help the auditor gather sufficient appropriate evidence about whether the financial statements are free of material misstatement. d. Materiality decisions differ from one audit client to another.

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A. describe desired performance, describe current performance, compare desired to current performance, get a commitment to the change B. denial, resistance, exploration, commitment C. describe current performance, describe desired performance, compare desired to current performance D. describe current performance, describe desired performance, get a commitment to the change, follow-up

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Illustrate how companies have used strategic priorities to drive how capital allocations are made in the pursuit of good strategy execution.

What will be an ideal response?

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Business