Question 1

When designing a fair strategy, managers should do the following except

Accepted Answer

A)  familiarize themselves with local operations. 
B)  participate in one-way communication when strategy is being developed. 
C)  be consistent across subsidiaries in making decisions. 
D)  allow local employees to challenge the headquarters' decisions. 
E)  give local employees explanations for strategic decisions. 
A)  familiarize themselves with local operations. 
B)  participate in one-way communication when strategy is being developed. 
C)  be consistent across subsidiaries in making decisions. 
D)  allow local employees to challenge the headquarters' decisions. 
E)  give local employees explanations for strategic decisions.

Question 2

The process of developing international goals and then implementing the approach to international business that a firm has adopted is called

Accepted Answer

A)  international strategy formulation. 
B)  value chain management. 
C)  primary activity identification. 
D)  competitive advantages. 
E)  niche strategy. 
A)  international strategy formulation. 
B)  value chain management. 
C)  primary activity identification. 
D)  competitive advantages. 
E)  niche strategy.

Question 3

Firms utilizing a transnational strategy must be able to balance the demands for local responsiveness and global integration.

Accepted Answer

A) True 
 B)False

Question 4

The fact that Boeing exports the same planes around the world from its US base is called a __________ strategy.

Accepted Answer

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

Question 5

Which of the following is not a condition in the theory of national competitive advantage?

Accepted Answer

A)  factor conditions. 
B)  location economies. 
C)  demand conditions. 
D)  related and supporting industries. 
E)  firm strategy,structure, and rivalry 
A)  factor conditions. 
B)  location economies. 
C)  demand conditions. 
D)  related and supporting industries. 
E)  firm strategy,structure, and rivalry

Question 6

Research suggests that the best strategic planning process is one that combines formal and specific elements with plenty of built-in flexibility and openness to change.

Accepted Answer

A) True 
 B)False

Question 7

A strategy for pursuing value creation by offering products or services that customers want is called

Accepted Answer

A)  location determination. 
B)  differentiating. 
C)  cross cultural understanding. 
D)  product negotiation. 
E)  imitation. 
A)  location determination. 
B)  differentiating. 
C)  cross cultural understanding. 
D)  product negotiation. 
E)  imitation.

Question 8

Almost all companies enter foreign markets without a clear, well-defined approach.

Accepted Answer

A) True 
 B)False

Question 9

Describe how culture might impact the international strategy a company chooses.

Accepted Answer

Culture can have a significant impact on

Question 10

Locating the part of the company's operation in a place that provides the maximum benefit to the value chain is called

Accepted Answer

A)  strategy. 
B)  geographic designation. 
C)  location economies. 
D)  theory of national advantage. 
E)  market entry. 
A)  strategy. 
B)  geographic designation. 
C)  location economies. 
D)  theory of national advantage. 
E)  market entry.

Question 11

Which of the following factors favor a multidomestic strategy approach?

Accepted Answer

A)  converging income across industrialized nations. 
B)  customers demand products tailored to local needs. 
C)  reduced trade barriers. 
D)  similarity of lifestyles and tastes. 
E)  none of the above. 
A)  converging income across industrialized nations. 
B)  customers demand products tailored to local needs. 
C)  reduced trade barriers. 
D)  similarity of lifestyles and tastes. 
E)  none of the above.

Question 12

Discuss location factors that may offer a competitive advantage.

Accepted Answer

Location factors that may offer a compet

Question 13

The fifth step in developing an international strategy is developing implementation tactics and plans.

Accepted Answer

A) True 
 B)False

Question 14

Industries that have standardized products or services that can be sold anywhere with relatively few adjustments will probably follow a ____________ strategy.

Accepted Answer

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

Question 15

What are the four factors that influence a nation's competitiveness under the theory of national competitive advantage?

Accepted Answer

The theory of national competitive advan

Question 16

A multinational's strategy may provide a competitive advantage when its key competitors are relying on a multidomestic approach and the underlying character of the industry favors globalization.

Accepted Answer

A) True 
 B)False

Question 17

How might a manager's cultural values and prior experiences influence the SWOT analysis?

Accepted Answer

A manager's cultural values and prior ex

Question 18

Considering that water is in short supply in Mali is an example of an environmental analysis with a ____________ perspective.

Accepted Answer

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

Question 19

A firm's strategy can offer a competitive advantage depending on the nature of the industry and competitor strategies.

Accepted Answer

A) True 
 B)False

Question 20

The __________ will express common goals in a way that succinctly captures management's vision for the firm.

Accepted Answer

A)  SWOT analysis 
B)  mission statement. 
C)  strategic plan. 
D)  internal resource audit. 
E)  managerial evaluation. 
A)  SWOT analysis 
B)  mission statement. 
C)  strategic plan. 
D)  internal resource audit. 
E)  managerial evaluation.

When designing a fair strategy, managers should do the following except

The process of developing international goals and then implementing the approach to international business that a firm has adopted is called

Firms utilizing a transnational strategy must be able to balance the demands for local responsiveness and global integration.

The fact that Boeing exports the same planes around the world from its US base is called a __________ strategy.

Which of the following is not a condition in the theory of national competitive advantage?

Research suggests that the best strategic planning process is one that combines formal and specific elements with plenty of built-in flexibility and openness to change.

A strategy for pursuing value creation by offering products or services that customers want is called

Almost all companies enter foreign markets without a clear, well-defined approach.

Describe how culture might impact the international strategy a company chooses.

Locating the part of the company's operation in a place that provides the maximum benefit to the value chain is called

Which of the following factors favor a multidomestic strategy approach?

Discuss location factors that may offer a competitive advantage.

The fifth step in developing an international strategy is developing implementation tactics and plans.

Industries that have standardized products or services that can be sold anywhere with relatively few adjustments will probably follow a ____________ strategy.

What are the four factors that influence a nation's competitiveness under the theory of national competitive advantage?

A multinational's strategy may provide a competitive advantage when its key competitors are relying on a multidomestic approach and the underlying character of the industry favors globalization.

How might a manager's cultural values and prior experiences influence the SWOT analysis?

Considering that water is in short supply in Mali is an example of an environmental analysis with a ____________ perspective.

A firm's strategy can offer a competitive advantage depending on the nature of the industry and competitor strategies.

The __________ will express common goals in a way that succinctly captures management's vision for the firm.

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

When designing a fair strategy, managers should do the following except

The process of developing international goals and then implementing the approach to international business that a firm has adopted is called

Firms utilizing a transnational strategy must be able to balance the demands for local responsiveness and global integration.

The fact that Boeing exports the same planes around the world from its US base is called a __________ strategy.

Which of the following is not a condition in the theory of national competitive advantage?

Research suggests that the best strategic planning process is one that combines formal and specific elements with plenty of built-in flexibility and openness to change.

A strategy for pursuing value creation by offering products or services that customers want is called

Almost all companies enter foreign markets without a clear, well-defined approach.

Describe how culture might impact the international strategy a company chooses.

Locating the part of the company's operation in a place that provides the maximum benefit to the value chain is called

Which of the following factors favor a multidomestic strategy approach?

Discuss location factors that may offer a competitive advantage.

The fifth step in developing an international strategy is developing implementation tactics and plans.

Industries that have standardized products or services that can be sold anywhere with relatively few adjustments will probably follow a ____________ strategy.

What are the four factors that influence a nation's competitiveness under the theory of national competitive advantage?

A multinational's strategy may provide a competitive advantage when its key competitors are relying on a multidomestic approach and the underlying character of the industry favors globalization.

How might a manager's cultural values and prior experiences influence the SWOT analysis?

Considering that water is in short supply in Mali is an example of an environmental analysis with a ____________ perspective.

A firm's strategy can offer a competitive advantage depending on the nature of the industry and competitor strategies.

The __________ will express common goals in a way that succinctly captures management's vision for the firm.

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