1. Please describe the dilemma firms face when they must deal with the opposing pressures of cost reduction and local responsiveness in determining their strategic strategy for going abroad and illustrate your discussion with plausible examples from your own studies, or with other examples. (5 marks) 2. If a firm were to follow the "international strategy", which mode of entry do you think would be the most suitable for such a strategy? Please explain the rationales for your choice and cite a plausible example of a firm following this strategy. (5 marks) 3. You are an advisor on entry modes to foreign markets and have been hired by a Canadian manufacturing company which to date has only been involved in domestic sales. They are now looking at expanding sales abroad, but before they do that, they wish to have an expert explain to them the pros and cons of the "exporting" mode of entry approach. Please illustrate your explanation with examples. (5 marks) 4. If you were an international mode of entry expert, how would you go about explaining why the scale of entry is an important component of any company's international expansion plans? Please illustrate your explanation with examples. (5 marks) 5. Please describe three advantages of the Multi Domestic Strategy, and explain why this strategy, applied, or did not apply, to your company in Assignment #2. (5 marks) 6. Please describe three disadvantages of the Ethno Centric Human Resource (HR) Strategy, and explain why this HR strategy, applied, or did not apply, to your company in Assignment #2. (5 marks) 7. Which mode of entry do you think would be the least likely to be concerned about the cultural differences between a home country company (i.e., Canada) wanting to do business in a host country (e.g., China, Japan, Mexico etc.)? Please provide a rationale for your opinion. (4 marks) 8. If you were an international mode of entry expert, would you consider the timing of entry of a "Joint venture" approach to mode of entry, as an important component of a company's international expansion plans? Please illustrate your explanation with examples. (4 marks)