Question 1

Market servicing strategies (exporting, joint venture, investments) have little influence on whether firms localize or not.

Accepted Answer

A) True 
 B)False

Question 2

Which of the following are false about sales promotions:

Accepted Answer

A)  Latin America has a fairly permissive environment for sales promotions 
B)  There are few restrictions about SP use in most markets worldwide 
C)  Western Europe probably has the most legal restrictions for SP methods worldwide. 
D)  All are false statements 
A)  Latin America has a fairly permissive environment for sales promotions 
B)  There are few restrictions about SP use in most markets worldwide 
C)  Western Europe probably has the most legal restrictions for SP methods worldwide. 
D)  All are false statements

Question 3

Eastern European management styles until the 1980s were traditional in outlook, emphasizing employment maximization, collectivist philosophies, and mistrust between labor and management.

Accepted Answer

A) True 
 B)False

Question 4

In-country sourcing strategies have all of the following advantages except:

Accepted Answer

A)  It is easy to maintain corporate quality and supply chain discipline standards 
B)  Customization of materials and components 
C)  National governments prefer firms to upgrade local supply capabilities 
D)  It simplifies supply chain coordination 
A)  It is easy to maintain corporate quality and supply chain discipline standards 
B)  Customization of materials and components 
C)  National governments prefer firms to upgrade local supply capabilities 
D)  It simplifies supply chain coordination

Question 5

Latin American management styles are:

Accepted Answer

A)  Distinctly modern in outlook 
B)  Merit-oriented with maverick behaviors being valued 
C)  Great regard for titles and protocols 
D)  All of the above 
E)  None of the above 
A)  Distinctly modern in outlook 
B)  Merit-oriented with maverick behaviors being valued 
C)  Great regard for titles and protocols 
D)  All of the above 
E)  None of the above

Question 6

International firms can carefully plan their manufacturing schedules in foreign markets to overcome infrastructure, climatic and work ethic problems.

Accepted Answer

A) True 
 B)False

Question 7

The African Ubuntu management style emphasizes collectivist principles, consensus decision-making, and products that are useful to society.

Accepted Answer

A) True 
 B)False

Question 8

International firms build effective relations with national governments through which of the following:

Accepted Answer

A)  Contributing jobs and technologies to the national economy 
B)  Administering local operations from foreign-based headquarters 
C)  Importing materials and expertise from abroad 
D)  Withdrawing or downsizing operations during national economic downturns. 
A)  Contributing jobs and technologies to the national economy 
B)  Administering local operations from foreign-based headquarters 
C)  Importing materials and expertise from abroad 
D)  Withdrawing or downsizing operations during national economic downturns.

Question 9

International firms tend to be sensitive to the local press.

Accepted Answer

A) True 
 B)False

Question 10

European and Japanese dislikes of US-style lowest common denominator approaches to advertising is an example of:

Accepted Answer

A)  Differences in legal systems 
B)  Non-meaningful message contexts 
C)  Differences in consumer education 
D)  Target market differences 
A)  Differences in legal systems 
B)  Non-meaningful message contexts 
C)  Differences in consumer education 
D)  Target market differences

Question 11

Developing nations are realizing that upgrading national educational systems is a key to attracting high tech industries.

Accepted Answer

A) True 
 B)False

Question 12

Management-worker relations:

Accepted Answer

A)  Are strained in open economies when management must regard labor increasingly as key assets 
B)  Tend to be harmonious in closed economies as firms regard labor as major expense items 
C)  Are helped in major developed economies as governments provide unemployment and social welfare programs 
D)  All of the above 
E)  None of the above 
A)  Are strained in open economies when management must regard labor increasingly as key assets 
B)  Tend to be harmonious in closed economies as firms regard labor as major expense items 
C)  Are helped in major developed economies as governments provide unemployment and social welfare programs 
D)  All of the above 
E)  None of the above

Question 13

De-forestation in Asia and Latin America has become a major global problem.

Accepted Answer

A) True 
 B)False

Question 14

Which of the following statements about the consumerism movement is false:

Accepted Answer

A)  Consumerism acts to counter the perceived excesses of capitalistic competition 
B)  Consumerism is active only in developed markets 
C)  Consumerism is active in controversies about prescription drugs and genetically modified crops 
D)  Consumerism seeks to protect developing country consumers from substandard products and false advertising. 
A)  Consumerism acts to counter the perceived excesses of capitalistic competition 
B)  Consumerism is active only in developed markets 
C)  Consumerism is active in controversies about prescription drugs and genetically modified crops 
D)  Consumerism seeks to protect developing country consumers from substandard products and false advertising.

Question 15

Media availability and popularity varies little among world markets.

Accepted Answer

A) True 
 B)False

Question 16

The key to building local suppliers in foreign markets is patience.

Accepted Answer

A) True 
 B)False

Question 17

All governments need to do environmentally is to ensure that they have appropriate laws in place to protect their countries from environmental harm.

Accepted Answer

A) True 
 B)False

Question 18

Companies with investments in foreign markets are less likely to adopt localization strategies than exporters to that country.

Accepted Answer

A) True 
 B)False

Question 19

Sales management practices rarely need adapting to foreign markets.

Accepted Answer

A) True 
 B)False

Question 20

As international firms penetrate Eastern European markets, distribution becomes easier as they move eastwards.

Accepted Answer

A) True 
 B)False

Market servicing strategies (exporting, joint venture, investments) have little influence on whether firms localize or not.

Which of the following are false about sales promotions:

Eastern European management styles until the 1980s were traditional in outlook, emphasizing employment maximization, collectivist philosophies, and mistrust between labor and management.

In-country sourcing strategies have all of the following advantages except:

Latin American management styles are:

International firms can carefully plan their manufacturing schedules in foreign markets to overcome infrastructure, climatic and work ethic problems.

The African Ubuntu management style emphasizes collectivist principles, consensus decision-making, and products that are useful to society.

International firms build effective relations with national governments through which of the following:

International firms tend to be sensitive to the local press.

European and Japanese dislikes of US-style lowest common denominator approaches to advertising is an example of:

Developing nations are realizing that upgrading national educational systems is a key to attracting high tech industries.

Management-worker relations:

De-forestation in Asia and Latin America has become a major global problem.

Which of the following statements about the consumerism movement is false:

Media availability and popularity varies little among world markets.

The key to building local suppliers in foreign markets is patience.

All governments need to do environmentally is to ensure that they have appropriate laws in place to protect their countries from environmental harm.

Companies with investments in foreign markets are less likely to adopt localization strategies than exporters to that country.

Sales management practices rarely need adapting to foreign markets.

As international firms penetrate Eastern European markets, distribution becomes easier as they move eastwards.

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

Market servicing strategies (exporting, joint venture, investments) have little influence on whether firms localize or not.

Which of the following are false about sales promotions:

Eastern European management styles until the 1980s were traditional in outlook, emphasizing employment maximization, collectivist philosophies, and mistrust between labor and management.

In-country sourcing strategies have all of the following advantages except:

Latin American management styles are:

International firms can carefully plan their manufacturing schedules in foreign markets to overcome infrastructure, climatic and work ethic problems.

The African Ubuntu management style emphasizes collectivist principles, consensus decision-making, and products that are useful to society.

International firms build effective relations with national governments through which of the following:

International firms tend to be sensitive to the local press.

European and Japanese dislikes of US-style lowest common denominator approaches to advertising is an example of:

Developing nations are realizing that upgrading national educational systems is a key to attracting high tech industries.

Management-worker relations:

De-forestation in Asia and Latin America has become a major global problem.

Which of the following statements about the consumerism movement is false:

Media availability and popularity varies little among world markets.

The key to building local suppliers in foreign markets is patience.

All governments need to do environmentally is to ensure that they have appropriate laws in place to protect their countries from environmental harm.

Companies with investments in foreign markets are less likely to adopt localization strategies than exporters to that country.

Sales management practices rarely need adapting to foreign markets.

As international firms penetrate Eastern European markets, distribution becomes easier as they move eastwards.

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