What does the acronym CAGE mean in the context of internationalisation?Select one:a. Cultural, added, geographic, and economic distances.b. Cultural, adequate, global, and economic distances.C. Cultural, administrative, global, and economic distances.d. Cultural, administrative, geographic, and economic distances.

Internationalization is an increasingly important part of business today, with organizations…

Answered: What does the acronym CAGE mean in the…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Which of the following explanation most likely describes likely why small firms, commonly referred to as born globals, can increasingly participate in international marketplaces more efficiently as well as more effectively? A) procuring raw materials from the same suppliers who supply to the larger firms B) establishing performance appraisals of employees to increase productivity C) establishing training programs for managers to learn international business practices D) promoting products or services by word-of-mouth E) easily, inexpensively designing and accessible website
What are the advantages and disadvantages of the most appropriate means of transport assuming that a new company wishes to sell to the East African market.
Which of the following may not be a method to encourage exports? Select one: a) Credit facilities b) promote export through exhibition c) Qouta increase d) Marketing facilities etc e) Grants
When competing in multiple foreign markets, companies find it advantageous to concentrate their activities in a limited number of locations in all these conditions EXCEPT when A)there are significant scale economies in performing an activity. B) the activiites should be customized to each location to adequately meet buyer needs. C)certain locations have superior resources or other valuable advantages for performing certain activities. D) the costs of some activities are significantly lower in some geographic locations than in others. E) there is a steep learning or experience curve associated with performing the activity in any location.
20 - One disadvantage of exporting is the logistical complexities. a) FALSE b) O TRUE C) MAYBE 311163 d) O NOT APPLICABLE
Describe the factors that would influence the design of a transnational executive information system. Include cultural factors that are either unique to a country and/or strongly influence the decision-making process as well as the specifications of design that would be affected. Is this effect more or less than you would expect with a DSS?
The sphere of international trade has widened both in volume and in value. Countries nowadays import many things which they could not produce for themselves. The principle underlying international trade is that a country should specialize in the production of those commodities for which it has the greater advantage over others. The theory of international trade is, therefore, based on the principle of comparative advantage developed by David Ricardo in 1817. With examples, discuss any FIVE (5) Malaysian products that have the most demand overseas because of its comparative advantage. Please Elaborate as much as you can Preferably over 1000 words
How do I highlight the basis for trade between two countries with, 1. Identical production possibility frontiers and different demand conditions 2. Identical demands and different production structures
Differentiate the four (4) foreign entry modes : (a) Licensing (b) Franchising (c) Service outsourcing (d) Foreign Direct Investment.
Cross-market subsidization refers to A) supporting competitive moves in one country market with resources and profits diverted from operations in other country markets. B) the practice of shifting company resources from nations where a company has big profit sanctuaries to nations where it has smaller profit sanctuaries. C) the practice of getting a company's home government to help finance or subsidize its entry into foreign countries. D) using cross-border transfer of a company's skills and expertise as a basis for successfully overcoming the barriers to entering new country markets. deliberatly operating at a loss in some country markets.
Foreign Market Commonalities Various factors or forces impact a company's decision to go into a foreign market and affect the outcome of that decision. If a country or market has several factors in common with the original market, or with the other markets selected when choosing several markets, it will be easier to enter that market. • If a U.S. software company that primarily creates and sells educational software on math, language, and even coding wants to expand into two foreign markets, what factor commonalities (as found in the learning activities) should the company be looking for when deciding on the two countries? • Provide two country suggestions and explain your reasoning.
Which of the following is true of exporting? a) It is preferred when tariff barriers are high. b) It is the preferred mode for selling bulk products globally. c) It prevents firms from achieving experience curve and location economies. d) It avoids the costs of establishing manufacturing operations in the host country. e) It gives maximum control over the distribution network

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