These are the different methods a company uses to sell products in another country.
What are modes of entry?
100
What we call a person who starts a new business?
What is an entrepreneur?
100
The modern technology that easily allows entrepreneurs to operate more globally.
What is the internet?
100
Mr. J's last name
What is Jacklin
200
This type of business ownership has the advantage of having skills and knowledge available amongst owners
What is a partnership
200
When a company transfers the rights and grants permission to produce and sell its products overseas to a foreign firm
What is licensing?
200
A disadvantage (type of risk) of entrepreneurship that comes from the fact that all the financial burden of the business falls on the entrepreneur.
What is financial risk?
200
The financial institute that helps countries develop and participate in international trade by providing loans to new businesses.
What is the World Bank?
200
The university Mr. Commisso graduated from.
What is Pace?
300
A company that operates in more than one country
What is a multinational company?
300
When another company exports goods for other companies?
What is indirect exporting?
300
The ability to be your own boss.
What is the primary advantage of being an entrepreneur?
300
These are risks of being a global entrepreneur.
Political, economic, time, product and financial _______
300
McDonalds, Subway, Dunkin Donuts and Burger King operating in other countries are all examples of this.
What are global franchises?
400
LLC is the abbreviation for this type of corporation
What is a limited liability corporation?
400
When a company allows someone else to own, operate and sell the goods of the parent company but must follow the rules and standards of the parent company
What is franchising?
400
The entrepreneur who started Apple.
Who is Steve Jobs?
400
4 areas to consider when becoming a global entrepreneur.
What are the country level, industry level, company level and product level?
400
If Pepsi and Coke had an alliance they would both benefit from, they would be engaging in this.
What is a strategic alliance?
500
This is when corporation taxes are taxed and then dividends are split amongst stockholders are taxed when they receive it.
What is double taxation?
500
This is when a multinational company buys land or physical property in another country.
What is a foreign direct investment?
500
What we call starting a business that is spun off from an existing business?
What is the intrapreneurship?
500
The process of selling new products, staring a new company or operating a new division of a company in another country.
What is global entrepreneurship?
500
Three types of corporations.
What are LLCs, C-Corporations and Subchapter S-Corps?