Question 1

Why are small businesses important for most economies?

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Question 2

Discuss some of the advantages that the Internet can offer small businesses when going international.

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Question 3

Discuss ways that a small business manager can make the contacts necessary to implement an exporting strategy.

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Question 4

Describe the Small Business Stage Model.

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Question 5

Consider three of the suggested strategic moves for copycat businesses.Which of these strategies might be most successful when expanding into the international market as opposed to the domestic market?

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Question 6

How do small businesses and entrepreneurs affect national economic growth and development? Explain why multinationals consider entrepreneurship levels in the country when making their location choices.

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Question 7

Identify two or three small business barriers to internationalization.If you were a recently hired manager of a small business facing great opportunities in a foreign market,how would you go about overcoming these barriers.

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Question 8

What are the advantages of a small business going international through incremental stages rather than as a global start-up?

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Question 9

What is the first mover advantage? What are the most common sources of first mover advantages? How can a small business benefit from first mover advantage?

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Question 10

Imagine a small business manager asks you,a recent business college graduate,to help her decide whether she should enter the export market.What questions would you ask her and why?

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Quiz 7: Small Businesses and International Entrepreneurship: