Exam 7: International Strategy: Creating Value in Global Markets

Hong Kong, Taiwan, South Korea, and Singapore have evolved from the sweatshop economies of the 1960s and 1970s to

International expansion can extend the life cycle of a product that is in its maturity stage in a firm's home country.

With regard to 'factor conditions,' the pool of resources that a firm (or nation) has is much more important than the speed and efficiency with which these resources are deployed.

Which of the following are most appropriate when a firm already has the necessary knowledge and capabilities to leverage across multiple locations in many countries

In a global strategy a firm operates all its businesses under a single common strategy regardless of location.

Differences in foreign markets such as culture, language, and customs can represent significant management risks when firms enter foreign markets.

The rise of globalization and market capitalism around the world has contributed to the economic boom in the new economy, where natural resources are the key source of competitive advantage and value creation.

Canopy Growth Corp. is planning to enter which of the following countries through its acquisition of MedCann?

Industries in which proportionally more value is added in upstream activities are more likely to benefit from a global strategy than those in which more value is added downstream (closer to the customer).

The strategy that would be most appropriate when the pressures to lower costs are low and the pressures for local adaptation are low?

Which of the following terms describes a political risk arising out of the lack of uniform enforcement of existing rules governing business in a foreign country?

Typically, intense rivalry in domestic markets does not force firms to look outside their national boundaries for new markets.