What are the advantages of being a "first-mover" in a market? Are there any risks or disadvantages for "first-movers?

2. What are "pioneering" costs?

3. What is exporting and explain the advantages and disadvantages.

4. What are the advantages and disadvantages of a "turn-key" project?

5. List and describe the different levels of entry into a market.

6. What are the advantages and disadvantages of a joint venture?

7. Explain why it would be more beneficial to establish a "wholly owned subsidiary" for corporations in an overseas market.

8. When should MNCs establish "greenfield ventures?"

9. What is the difference between a merger and an acquisition?

10. What is a strategic alliance and explain the advantages and disadvantages for MNCs?