Question 1

Maintaining production efficiency levels often means overcoming all of the following problems except:

Accepted Answer

A)  National work ethic and time/efficiency orientations 
B)  Encouraging international suppliers to locate close to the local factory 
C)  Infrastructure congestion in rural areas 
D)  All of the above must be overcome 
A)  National work ethic and time/efficiency orientations 
B)  Encouraging international suppliers to locate close to the local factory 
C)  Infrastructure congestion in rural areas 
D)  All of the above must be overcome C

Question 2

European and Japanese consumers appreciate hard-hitting 'lowest common denominator' advertising approaches used in the US.

Accepted Answer

A) True 
 B)False  False

Question 3

Modern management styles are characterized by:

Accepted Answer

A)  Lifetime employment and low workforce turnover 
B)  Decreased management responsiveness to marketplace events and competition 
C)  More democratic decision-making and internal competition for corporate resources 
D)  Stable, uncompetitive markets for company products 
A)  Lifetime employment and low workforce turnover 
B)  Decreased management responsiveness to marketplace events and competition 
C)  More democratic decision-making and internal competition for corporate resources 
D)  Stable, uncompetitive markets for company products C

Question 4

Only companies working in developing markets need worry about adapting tolocal markets

Accepted Answer

A) True 
 B)False

Question 5

Being unable to recruit university graduates into sales in some countries is an example of international differences in:

Accepted Answer

A)  Geographic effects on sales force structures 
B)  National differences in compensation and benefit packages 
C)  Variations in national education systems 
D)  Cultural sales context differences 
A)  Geographic effects on sales force structures 
B)  National differences in compensation and benefit packages 
C)  Variations in national education systems 
D)  Cultural sales context differences

Question 6

In North America and much of Western Europe, labor is generally regarded as an expense rather than a corporate asset.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following is/are false statement(s) about the benefits of supply chain localization

Accepted Answer

A)  Locally sourced materials may be cheaper and better 
B)  Companies learn as they adapt to local circumstances 
C)  Localization works best in markets heavily influenced by westernization 
D)  Strong national cultures make localization an advisable strategy 
A)  Locally sourced materials may be cheaper and better 
B)  Companies learn as they adapt to local circumstances 
C)  Localization works best in markets heavily influenced by westernization 
D)  Strong national cultures make localization an advisable strategy

Question 8

Traditional management styles are characterized by all of the following except:

Accepted Answer

A)  Low workforce turnover and lifetime employment 
B)  Democratic decision-making and bottom-up communications 
C)  Individual progressions up the corporate hierarchy determined by seniority and loyalty 
D)  Stable and uncompetitive markets 
A)  Low workforce turnover and lifetime employment 
B)  Democratic decision-making and bottom-up communications 
C)  Individual progressions up the corporate hierarchy determined by seniority and loyalty 
D)  Stable and uncompetitive markets

Question 9

Sales promotions are legally restricted in most international markets.

Accepted Answer

A) True 
 B)False

Question 10

Controlling foreign subcontractors can be a major problem for international firms.

Accepted Answer

A) True 
 B)False

Question 11

Localization strategies are more likely in markets with undeveloped infrastructures.

Accepted Answer

A) True 
 B)False

Question 12

When international firms subcontract production into developing countries, they should be aware of:

Accepted Answer

A)  Labor and child work laws 
B)  ISO 14001 global standards on environmentally sound manufacturing practices 
C)  SA 8000 global standards on worker health and safety 
D)  None of the above 
E)  All of the above 
A)  Labor and child work laws 
B)  ISO 14001 global standards on environmentally sound manufacturing practices 
C)  SA 8000 global standards on worker health and safety 
D)  None of the above 
E)  All of the above

Question 13

The greater the similarities between international company national cultures and countries where they are operating, the greater the need for localization strategies.

Accepted Answer

A) True 
 B)False

Question 14

Localization strategies are more likely in countries with strong national culturesor xenophobic tendencies.

Accepted Answer

A) True 
 B)False

Question 15

Western European management styles have historically been shaped by social distinctions.

Accepted Answer

A) True 
 B)False

Question 16

Corporate philanthropy programs help to build solid relations with local communities.

Accepted Answer

A) True 
 B)False

Question 17

Distribution in Africa is characterized by:

Accepted Answer

A)  Extremely variable distribution conditions between urban and rural markets 
B)  Rural markets with specialty retailers, one stop shopping and broad product assortments 
C)  Urban markets with bazaars, street vendors and limited western goods 
D)  All of the above 
E)  None of the above 
A)  Extremely variable distribution conditions between urban and rural markets 
B)  Rural markets with specialty retailers, one stop shopping and broad product assortments 
C)  Urban markets with bazaars, street vendors and limited western goods 
D)  All of the above 
E)  None of the above

Question 18

Stakeholders are:

Accepted Answer

A)  Groups that influence, directly or indirectly, a firm's local operations 
B)  Governments 
C)  Local press 
D)  Local business communities 
E)  All of the above 
A)  Groups that influence, directly or indirectly, a firm's local operations 
B)  Governments 
C)  Local press 
D)  Local business communities 
E)  All of the above

Question 19

National governments are not worried whether international firms work to develop suppliers.

Accepted Answer

A) True 
 B)False

Question 20

Companies operating in China or the Middle East usually find that insider contacts are essential to operate effectively.

Accepted Answer

A) True 
 B)False

Maintaining production efficiency levels often means overcoming all of the following problems except:

European and Japanese consumers appreciate hard-hitting 'lowest common denominator' advertising approaches used in the US.

Modern management styles are characterized by:

Only companies working in developing markets need worry about adapting tolocal markets

Being unable to recruit university graduates into sales in some countries is an example of international differences in:

In North America and much of Western Europe, labor is generally regarded as an expense rather than a corporate asset.

Which of the following is/are false statement(s) about the benefits of supply chain localization

Traditional management styles are characterized by all of the following except:

Sales promotions are legally restricted in most international markets.

Controlling foreign subcontractors can be a major problem for international firms.

Localization strategies are more likely in markets with undeveloped infrastructures.

When international firms subcontract production into developing countries, they should be aware of:

The greater the similarities between international company national cultures and countries where they are operating, the greater the need for localization strategies.

Localization strategies are more likely in countries with strong national culturesor xenophobic tendencies.

Western European management styles have historically been shaped by social distinctions.

Corporate philanthropy programs help to build solid relations with local communities.

Distribution in Africa is characterized by:

Stakeholders are:

National governments are not worried whether international firms work to develop suppliers.

Companies operating in China or the Middle East usually find that insider contacts are essential to operate effectively.

Globalization and Worldwide Infrastructure Development

Globalization Effects on Country Institutions, People, Industries, Business and Consumers

Globalization and Regional Markets: Geopolitical Analyses

National Market Analysis

Analyzing Global Industries and Competitors

International Strategic Planning and Market Screening

Internationalization and Globalization Processes

Market Entry and Servicing Strategies

Global and Multi-Market Strategies

Global and Multi-Market Supply Chain Management

Managing Cultural Differences

Filters

Exam 12: Localization Strategies: Managing Stakeholders and Supply Chains

Maintaining production efficiency levels often means overcoming all of the following problems except:

European and Japanese consumers appreciate hard-hitting 'lowest common denominator' advertising approaches used in the US.

Modern management styles are characterized by:

Only companies working in developing markets need worry about adapting tolocal markets

Being unable to recruit university graduates into sales in some countries is an example of international differences in:

In North America and much of Western Europe, labor is generally regarded as an expense rather than a corporate asset.

Which of the following is/are false statement(s) about the benefits of supply chain localization

Traditional management styles are characterized by all of the following except:

Sales promotions are legally restricted in most international markets.

Controlling foreign subcontractors can be a major problem for international firms.

Localization strategies are more likely in markets with undeveloped infrastructures.

When international firms subcontract production into developing countries, they should be aware of:

The greater the similarities between international company national cultures and countries where they are operating, the greater the need for localization strategies.

Localization strategies are more likely in countries with strong national culturesor xenophobic tendencies.

Western European management styles have historically been shaped by social distinctions.

Corporate philanthropy programs help to build solid relations with local communities.

Distribution in Africa is characterized by:

Stakeholders are:

National governments are not worried whether international firms work to develop suppliers.

Companies operating in China or the Middle East usually find that insider contacts are essential to operate effectively.

Globalization and Worldwide Infrastructure Development

Globalization Effects on Country Institutions, People, Industries, Business and Consumers

Globalization and Regional Markets: Geopolitical Analyses

National Market Analysis

Analyzing Global Industries and Competitors

International Strategic Planning and Market Screening

Internationalization and Globalization Processes

Market Entry and Servicing Strategies

Global and Multi-Market Strategies

Global and Multi-Market Supply Chain Management

Managing Cultural Differences

Filters