Which of the following is NOT a common method of market entry for international expansion?
Franchising
Licensing
Insourcing
Joint venture
Correct Answer :
C. Insourcing
Related Questions
What is the term for the initial phase of a business where the entrepreneur tests the feasibility of their business idea?
Startup phase
Pilot phase
Feasibility phase
Proof of concept phase
Which of the following is NOT a common characteristic of an entrepreneurial mindset?
Risk aversion
Creativity
Resilience
Adaptability
Which stage of the entrepreneurial process involves turning an idea into a tangible product or service?
Opportunity recognition
Idea generation
Product development
Market entry
Which legal form of business provides the most personal liability protection for its owners?
Sole proprietorship
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Limited liability company (LLC)
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What is the term for a group of individuals who work together to develop and launch a business venture?
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Cooperative
Consortium
Team
What is the term for a legally recognized entity that separates the personal assets of the owners from the business assets?
Sole proprietorship
Partnership
Limited liability company (LLC)
Corporation
What is the term for the process of introducing a new product or service to the market?
Market entry
Product launch
Market expansion
Market penetration
What is the process of generating, developing, and communicating new ideas for business development called?
Market research
Product development
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Business planning
What is the term for a person who starts and manages a business with the aim of making a profit?
Investor
Entrepreneur
Innovator
Executive
What is a business model?
A visual representation of a company's structure
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A list of all the employees in a company
The physical location of a business
What type of innovation involves making incremental improvements to existing products or processes?
Disruptive
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What is the term for the process of finding, attracting, and hiring new employees for a business?
Recruitment
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Onboarding
Human resources management
What is the term for the total market value of all goods and services produced by a country in a given period?
Gross Domestic Product (GDP)
Net Profit Margin
Return on Investment (ROI)
Cost of Goods Sold (COGS)
Which type of entrepreneurship is focused on creating social or environmental impact rather than purely financial profit?
Social entrepreneurship
Corporate entrepreneurship
Serial entrepreneurship
Lifestyle entrepreneurship
What is the term for a detailed plan that outlines a company's goals and the strategy for achieving them?
Business model
Marketing plan
Business plan
Financial statement
What is the term for the process of gathering information about potential customers and their preferences?
Market research
Customer segmentation
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Competitive analysis
Which type of entrepreneurship involves creating and operating a business primarily for the lifestyle benefits it provides to the owner?
Serial entrepreneurship
Social entrepreneurship
Lifestyle entrepreneurship
Corporate entrepreneurship
What is the term for the process of determining the worth of a business or an asset?
Valuation
Appraisal
Pricing
Estimation
What is the term for the process of studying and analyzing the external environment to identify business opportunities and threats?
Market research
Environmental scanning
Competitive analysis
SWOT analysis
What is a SWOT analysis used for in entrepreneurship?
Evaluating internal and external factors influencing a business
Identifying potential customers
Calculating financial projections
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Idea refinement
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Opportunity recognition
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Secondary research
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Quantitative research
What is the term for the process of selling a product or service to a foreign market?
Exporting
Outsourcing
Importing
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Which of the following is NOT a common source of funding for startups?
Venture capital
Crowdfunding
Taxation
Angel investors
What is the term for the process of bringing together people, capital, and resources to start and run a business?
Incubation
Formation
Entrepreneurship
Aggregation
What is the term for the process of determining the price at which a product or service will be sold to customers?
Cost analysis
Pricing strategy
Market segmentation
Revenue forecasting
What is the term for a legal form of business where the owner has limited liability?
Sole proprietorship
Partnership
Corporation
Limited liability partnership
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Conceptualization and ideation
Market research
Manufacturing
Post-launch evaluation
Which of the following is NOT a common method of market entry for international expansion?
Franchising
Licensing
Insourcing
Joint venture
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Patent
Copyright
Trademark
Trade secret