Question 1

A lack of international strategic management can lead to

Accepted Answer

A)  an inability to predict the direction of foreign markets. 
B)  a poor use of resources abroad. 
C)  underestimation of the resources needed to compete abroad. 
D)  failure to anticipate operational problems in foreign environments 
E)  all of these. 
A)  an inability to predict the direction of foreign markets. 
B)  a poor use of resources abroad. 
C)  underestimation of the resources needed to compete abroad. 
D)  failure to anticipate operational problems in foreign environments 
E)  all of these. E

Question 2

A multinational that allows a subsidiary a high degree of independence and provides tailored products or services for the local market they serve is using a __________ strategy.

Accepted Answer

A)  regional. 
B)  transnational. 
C)  global. 
D)  multidomestic. 
E)  international. 
A)  regional. 
B)  transnational. 
C)  global. 
D)  multidomestic. 
E)  international. D

Question 3

A supporting activity in the value chain is

Accepted Answer

A)  research and development. 
B)  operations. 
C)  sales and marketing. 
D)  after-sales service. 
E)  outbound logistics. 
A)  research and development. 
B)  operations. 
C)  sales and marketing. 
D)  after-sales service. 
E)  outbound logistics. A

Question 4

The large, interrelated family of companies common in Japan is called

Accepted Answer

A)  sogo shosa 
B)  keiretsu. 
C)  nichitzu. 
D)  guanxi. 
E)  bosu. 
A)  sogo shosa 
B)  keiretsu. 
C)  nichitzu. 
D)  guanxi. 
E)  bosu.

Question 5

A __________ strategy seeks economies of scale and location advantages, while still providing local products and services.

Accepted Answer

A)  regional. 
B)  transnational. 
C)  multidomestic. 
D)  local. 
E)  global. 
A)  regional. 
B)  transnational. 
C)  multidomestic. 
D)  local. 
E)  global.

Question 6

The process of offering products or services that customers want is called

Accepted Answer

A)  cost leadership. 
B)  location economies. 
C)  advantage strategy. 
D)  value creation. 
E)  competitiveness. 
A)  cost leadership. 
B)  location economies. 
C)  advantage strategy. 
D)  value creation. 
E)  competitiveness.

Question 7

A firm's size can have an impact on the most appropriate international strategy it should use.

Accepted Answer

A) True 
 B)False

Question 8

Culture has little impact on the ownership positions firms take in their foreign operations.

Accepted Answer

A) True 
 B)False

Question 9

Failure to plan a well-designed approach when entering overseas markets can lead to a variety of problems including

Accepted Answer

A)  inability to predict the direction of foreign markets. 
B)  poor use of resources abroad. 
C)  underestimating the resources needed to compete abroad. 
D)  none of these. 
E)  all of these. 
A)  inability to predict the direction of foreign markets. 
B)  poor use of resources abroad. 
C)  underestimating the resources needed to compete abroad. 
D)  none of these. 
E)  all of these.

Question 10

Environmental scanning is

Accepted Answer

A)  the process of accessing the pollution control laws of a foreign market. 
B)  the process of measuring risk for law suits due to violations of environmental law. 
C)  assessing the opportunities that make international business promising. 
D)  assessing threats in foreign markets that could prevent a company from being successful. 
E)  the process in which information about the internal and external situation facing the firm is collected and evaluated. 
A)  the process of accessing the pollution control laws of a foreign market. 
B)  the process of measuring risk for law suits due to violations of environmental law. 
C)  assessing the opportunities that make international business promising. 
D)  assessing threats in foreign markets that could prevent a company from being successful. 
E)  the process in which information about the internal and external situation facing the firm is collected and evaluated.

Question 11

Explain how a company might conduct a SWOT analysis from multinational, regional, and country-specific levels.

Accepted Answer

A company can conduct a SWOT analysis at

Question 12

The trading company that helps market all of a Japanese keiretsu's products to foreign markets is called

Accepted Answer

A)  sogo shosa. 
B)  nichitzu. 
C)  guanxi. 
D)  a bosu. 
E)  none of these. 
A)  sogo shosa. 
B)  nichitzu. 
C)  guanxi. 
D)  a bosu. 
E)  none of these.

Question 13

A __________ strategy seeks economies of scale and location advantages, while still providing local products and services.

Accepted Answer

A)  regional. 
B)  transnational. 
C)  multidomestic. 
D)  local. 
E)  global. 
A)  regional. 
B)  transnational. 
C)  multidomestic. 
D)  local. 
E)  global.

Question 14

Providing a unique or superior product for which customers are willing to pay is an example of _______________ value creation strategy.

Accepted Answer

A)  a niche. 
B)  a cost leadership. 
C)  a differentiating. 
D)  an international. 
E)  a general. 
A)  a niche. 
B)  a cost leadership. 
C)  a differentiating. 
D)  an international. 
E)  a general.

Question 15

Discuss the factors favoring global versus multidomestic strategies.

Accepted Answer

Global strategies are favored when there

Question 16

Having all the characteristics under the theory of competitive advantage ensures a company's success in the market.

Accepted Answer

A) True 
 B)False

Question 17

Firms often make their first international entry into a market that is perceived to be culturally similar. This always ensures success.

Accepted Answer

A) True 
 B)False

Question 18

A Japanese firm that sells a limited line of food products in the US tailored to the specific tastes of Japanese-American consumers is an example of _____________ value creation strategy.

Accepted Answer

A)  a cost leadership. 
B)  a differentiation. 
C)  an international. 
D)  a niche. 
E)  a high-context. 
A)  a cost leadership. 
B)  a differentiation. 
C)  an international. 
D)  a niche. 
E)  a high-context.

Question 19

Describe how a company might create a distinctive competency by using location economies.

Accepted Answer

A company can create a distinctive compe

Question 20

Analyzing a situation from a ______________ perspective involves looking at emerging trends in a particular geographic area.

Accepted Answer

A)  regional. 
B)  multinational. 
C)  country-specific. 
D)  global. 
E)  transnational. 
A)  regional. 
B)  multinational. 
C)  country-specific. 
D)  global. 
E)  transnational.

A lack of international strategic management can lead to

A multinational that allows a subsidiary a high degree of independence and provides tailored products or services for the local market they serve is using a __________ strategy.

A supporting activity in the value chain is

The large, interrelated family of companies common in Japan is called

A __________ strategy seeks economies of scale and location advantages, while still providing local products and services.

The process of offering products or services that customers want is called

A firm's size can have an impact on the most appropriate international strategy it should use.

Culture has little impact on the ownership positions firms take in their foreign operations.

Failure to plan a well-designed approach when entering overseas markets can lead to a variety of problems including

Environmental scanning is

Explain how a company might conduct a SWOT analysis from multinational, regional, and country-specific levels.

The trading company that helps market all of a Japanese keiretsu's products to foreign markets is called

A __________ strategy seeks economies of scale and location advantages, while still providing local products and services.

Providing a unique or superior product for which customers are willing to pay is an example of _______________ value creation strategy.

Discuss the factors favoring global versus multidomestic strategies.

Having all the characteristics under the theory of competitive advantage ensures a company's success in the market.

Firms often make their first international entry into a market that is perceived to be culturally similar. This always ensures success.

A Japanese firm that sells a limited line of food products in the US tailored to the specific tastes of Japanese-American consumers is an example of _____________ value creation strategy.

Describe how a company might create a distinctive competency by using location economies.

Analyzing a situation from a ______________ perspective involves looking at emerging trends in a particular geographic area.

On a Global Stage: The World of International Management

Legal and Political Foundations of International Management

Doing Things Right: International Ethics and Social Responsibility

Making Distinctions Across Cultures: Implications for International Management

Perception, Interpretation, and Attitudes Across Cultures

Communicating Effectively Across Cultures

Managing Conflict Conducting Effective Negotiations

Jumping In: Foreign Market Entry and Ownership Options

Motivating and Leading Across Cultures

Building an Effective International Workforce

Evaluating and Rewarding Employees Worldwide

Managing Cultural Groups: From Small Work

Filters

Exam 8: Taking Stock: Developing International Strategy

A lack of international strategic management can lead to

A multinational that allows a subsidiary a high degree of independence and provides tailored products or services for the local market they serve is using a __________ strategy.

A supporting activity in the value chain is

The large, interrelated family of companies common in Japan is called

A __________ strategy seeks economies of scale and location advantages, while still providing local products and services.

The process of offering products or services that customers want is called

A firm's size can have an impact on the most appropriate international strategy it should use.

Culture has little impact on the ownership positions firms take in their foreign operations.

Failure to plan a well-designed approach when entering overseas markets can lead to a variety of problems including

Environmental scanning is

Explain how a company might conduct a SWOT analysis from multinational, regional, and country-specific levels.

The trading company that helps market all of a Japanese keiretsu's products to foreign markets is called

A __________ strategy seeks economies of scale and location advantages, while still providing local products and services.

Providing a unique or superior product for which customers are willing to pay is an example of _______________ value creation strategy.

Discuss the factors favoring global versus multidomestic strategies.

Having all the characteristics under the theory of competitive advantage ensures a company's success in the market.

Firms often make their first international entry into a market that is perceived to be culturally similar. This always ensures success.

A Japanese firm that sells a limited line of food products in the US tailored to the specific tastes of Japanese-American consumers is an example of _____________ value creation strategy.

Describe how a company might create a distinctive competency by using location economies.

Analyzing a situation from a ______________ perspective involves looking at emerging trends in a particular geographic area.

On a Global Stage: The World of International Management

Legal and Political Foundations of International Management

Doing Things Right: International Ethics and Social Responsibility

Making Distinctions Across Cultures: Implications for International Management

Perception, Interpretation, and Attitudes Across Cultures

Communicating Effectively Across Cultures

Managing Conflict Conducting Effective Negotiations

Jumping In: Foreign Market Entry and Ownership Options

Motivating and Leading Across Cultures

Building an Effective International Workforce

Evaluating and Rewarding Employees Worldwide

Managing Cultural Groups: From Small Work

Filters