Exam 8: Strategy in the Global Environment

What is meant by the term national competitive advantage,and what are the attributes of a nation that affect the global competitiveness of companies located within that nation?

(Essay)

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Question 21

Most manufacturing companies begin their global expansion by:

(Multiple Choice)

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Question 22

Which of the following statements is true about transnational strategy?

(Multiple Choice)

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Question 23

What are the potential benefits and risks of global strategic alliances? What actions can a firm take to minimize the risks and maximize the benefits?

(Essay)

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Question 24

Which of the following ideas is a localization strategy is based on?

(Multiple Choice)

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Question 25

Companies should form strategic alliances with firms that have a reputation for being opportunistic.

(True/False)

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Question 26

Company leaders that pursue a global standardization strategy are trying to develop a business model that simultaneously achieves low costs and differentiates the product offering across geographic markets.

(True/False)

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Question 27

Which of the following statements is true in the context of globalization of production and markets?

(Multiple Choice)

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Question 28

Which of the following is an advantage of international licensing?

(Multiple Choice)

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Question 29

Global standardization strategy emphasizes customization and product differentiation.

(True/False)

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Question 30

The globalization of production has caused firms to:

(Multiple Choice)

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Question 31

Location economies refer to the economic benefits that arise from performing a value creation activity at an optimal location.

(True/False)

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Question 32

A transnational strategy makes the most sense when demand for local responsiveness is minimal.

(True/False)

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Question 33

Dietizza is a fast food network that makes low-calorie pizzas.As the firm wishes to expand its operations in different locations,it has licensed a few entrepreneurs to open Dietizza outlets under the company's trademark.The entrepreneurs will take up the responsibility of costs,while Dietizza will assist them in running operations.The company will receive royalty payments and a percentage of profits from the entrepreneurs.Which of the following concepts is illustrated here?

(Multiple Choice)

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Question 34

By offering a standardized product to the global marketplace and manufacturing that product in each nation in which it does business irrespective of production costs,a multinational company can realize substantial scale economies.

(True/False)

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Question 35

Which of the following is not a factor of production?

(Multiple Choice)

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Question 36

Which of the following is not an attribute of a national or country-specific environment that has an impact on global competitiveness of companies located in that nation?

(Multiple Choice)

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Question 37

One advantage of a joint venture is that a company may benefit from a local partner's knowledge of the many dimensions of a host country.

(True/False)

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Question 38

A localization strategy is most appropriate when there are substantial differences across nations with regard to consumer tastes and preferences and when cost pressures are not too intense.

(True/False)

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Question 39

The Achilles heel of international strategy is that:

(Multiple Choice)

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Question 40

Showing 21 - 40 of 67

What is meant by the term national competitive advantage,and what are the attributes of a nation that affect the global competitiveness of companies located within that nation?

Most manufacturing companies begin their global expansion by:

Which of the following statements is true about transnational strategy?

What are the potential benefits and risks of global strategic alliances? What actions can a firm take to minimize the risks and maximize the benefits?

Which of the following ideas is a localization strategy is based on?

Companies should form strategic alliances with firms that have a reputation for being opportunistic.

Company leaders that pursue a global standardization strategy are trying to develop a business model that simultaneously achieves low costs and differentiates the product offering across geographic markets.

Which of the following statements is true in the context of globalization of production and markets?

Which of the following is an advantage of international licensing?

Global standardization strategy emphasizes customization and product differentiation.

The globalization of production has caused firms to:

Location economies refer to the economic benefits that arise from performing a value creation activity at an optimal location.

A transnational strategy makes the most sense when demand for local responsiveness is minimal.

By offering a standardized product to the global marketplace and manufacturing that product in each nation in which it does business irrespective of production costs,a multinational company can realize substantial scale economies.

Which of the following is not a factor of production?

Which of the following is not an attribute of a national or country-specific environment that has an impact on global competitiveness of companies located in that nation?

One advantage of a joint venture is that a company may benefit from a local partner's knowledge of the many dimensions of a host country.

A localization strategy is most appropriate when there are substantial differences across nations with regard to consumer tastes and preferences and when cost pressures are not too intense.

The Achilles heel of international strategy is that:

Strategic Leadership: Managing the Strategy Making Process for Competitive Advantage

External Analysis: The Identification of Opportunities and Threats

Internal Analysis: Resources and Competitive Advantage

Building Competitive Advantage Through Functional Level Strategies

Business Level Strategy

Business Level Strategy and the Industry Environment

Strategy and Technology

Corporate-Level Strategy: Horizontal Integration, Vertical Integration, and Strategic Outsourcing

Corporate Level Strategy: Related and Unrelated Diversification

Corporate Performance, Governance, and Business Ethics

Implementing Strategy Through Organization

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