Questions 12-17

Specialties are promotional tools that can create goodwill for the company. prevent price competition. allow customers to sample the product. cast doubt on the products offered by competitors. QUESTION 14 When a business locates a production facility or sales office overseas by purchasing a foreign business from another firm, this is reterned to as a greenfield venture outsourcing offshoring cross-border acquisition QUESTION 15 When it comes to expanding the market, an emerging motivation for going global is to take advantade of unidue features of the local market. When it comes to expanding the market, an emerging motivation for going global is to take advantage of unique features of the local market. find buyers for highty specialized products obtain tariff reductions: extend the product life cycle. QUESTION 16 Some small firms choose to outsource internationally in order to avoid domestic taxes. avoid competition from other US companies. cut costs and access talented foreign employees. take advantage of legal loop-holes in foreign countries. QUESTION 17 When a small business forges an agreement with a bank that consents to honor a draft or other demand for payment aftar goods are delweres internationally, the firm receives a International invoice