Question 43 Show
Multiple Choice Question 43 According to the textbook, the key to effective merchandise and character licensing is ________.
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Which of the following is the primary advantage of exporting as a foreign market entry strategy?Exporting is the sale of products and services in foreign countries that are sourced from the home country. The advantage of this mode of entry is that firms avoid the expense of establishing operations in the new country.
Which of the following organizational growth strategies involves the creation of new products?Horizontal diversification
This involves the purchase or development of new products by the company, with the aim of selling them to existing customer groups. These new products are often technologically or commercially unrelated to current products but that may appeal to current customers.
Which mechanism for firm growth involves the creation and sale of new products or services?The correct answer is B.
New product development can be defined as the process of introducing new products or services to the marketplace. The new product development process involves a series of stages that help create, test, and verify new products in the market.
Which of the following is an example of an external growth strategy?Mergers, acquisitions, strategic alliances, joint ventures, licensing, and franchising are examples of external growth strategies. We concentrate on acquisitions in this chapter given their frequency with entrepreneurial firms compared to mergers.
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