Part 1 of 1 - 100.0 Points
Question 1 of 20
The purchase of the supplier Carroll's Foods for its hog-growing facilities by Smithfield Foods, the world's largest pork processor, is an example of
Correct C.backward integration.
Answer Key: C
Question 2 of 20
An MNC uses which international strategy for entering a foreign market by simply shipping goods produced in the company's home country to other countries for marketing to minimize risk and to experiment with a specific product?
Answer Key: C
Question 3 of 20
An MNC uses which international strategy for entering a foreign market by associating itself with a firm in the host country or a government agency in that country to combine resources and expertise needed for the development of a new product or technologies?
Correct B.joint ventures
Answer Key: B
Question 4 of 20
One benefit of a U.S. company entering a joint venture with an international firm is that it
Correct A.reduces the risks of expropriation by host country officials.
B.enhances the policy of the host country's takeover of the firm.
C.promotes skepticism among other countries not involved in the merger.
D.encourages competitors to work with the company.
E.increases revenues by 20%.
Answer Key: A
Question 5 of 20
An MNC uses which international strategy for entering a foreign market by purchasing another company already operating in the area developing synergistic benefits gained from acquiring strong complementary product lines and a good distribution network?
Answer Key: E
Question 6 of 20
In international dealings, greenfield development is
A.a way in which an MNC may contract with a foreign government or local firm to trade raw materials for certain resources belonging to the MNC