Exam (elaborations)
CBA 300 CH 10 Questions And Answers Latest Update
- Course
- CBA 300
- Institution
- California State University, Long Beach
CBA 300 CH 10 Questions And Answers Latest Update
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2024/2025CBA 300 CH 10 Questions And
Answers Latest Update
Institutional void
Institutional conditions of a country lacking market-supporting infrastructure
Location-specific advantage
The benefits a firm reaps from the features specific to a place
First-mover advantage
Benefits that accrue to firms that enter the market first and that late entrants do not enjoy
Late-mover advantage
Benefits that accrue to firms that enter the market later and that early entrants do not enjoy
Scale of entry
The amount of resources committed to entering a foreign market
Entry mode
A form of operation that a firm employs to enter foreign markets
Nonequity mode
A mode of entry (exports and contractual agreements) that reflects relatively smaller commitments
to overseas markets
Equity mode
A mode of entry (joint ventures and wholly owned subsidiaries) that indicates relatively larger
commitments to overseas markets
Turnkey project
A project in which clients pay contractors to design and construct new facilities and train personnel
Build-operate-transfer (BOT) agreement
A nonequity entry mode used to build a longer-term presence by first constructing and then
operating a facility for a period of time before transferring operations to a domestic agency or firm
Research-and-development (R&D) contract
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