Question 1

What are the five steps to developing an international strategy?

Accepted Answer

Developing an international strategy inv

Question 2

The theory of national competitive advantage attempts to explain

Accepted Answer

A)  how nations become competitive. 
B)  why governments are open to globalization. 
C)  which markets are best for investments. 
D)  which strategy to use to enter a market. 
E)  all of these. 
A)  how nations become competitive. 
B)  why governments are open to globalization. 
C)  which markets are best for investments. 
D)  which strategy to use to enter a market. 
E)  all of these.

Question 3

A transnational strategy is the most clear-cut and straightforward to implement.

Accepted Answer

A) True 
 B)False

Question 4

A computer company is able to combine efficient manufacturing operations and inexpensive labor, allowing them to undercut competitors on price.

Accepted Answer

A)  differentiating. 
B)  niche strategy. 
C)  cost leadership. 
D)  cost effectiveness. 
E)  core competencies. 
A)  differentiating. 
B)  niche strategy. 
C)  cost leadership. 
D)  cost effectiveness. 
E)  core competencies.

Question 5

After the SWOT analysis, the first step in deciding on an international strategy is

Accepted Answer

A)  to determine the profitability required of the firm in the foreign market. 
B)  to invest in research and development for new products. 
C)  to negotiate a joint-venture partnership. 
D)  to determine the depth and breadth of a firm's international operations. 
E)  to identify the actual market entry strategy. 
A)  to determine the profitability required of the firm in the foreign market. 
B)  to invest in research and development for new products. 
C)  to negotiate a joint-venture partnership. 
D)  to determine the depth and breadth of a firm's international operations. 
E)  to identify the actual market entry strategy.

Question 6

Skills or abilities that are difficult for competing firms to imitate are called

Accepted Answer

A)  core competencies. 
B)  economic advantage. 
C)  location economies. 
D)  distinctive competency. 
E)  business-level strategy. 
A)  core competencies. 
B)  economic advantage. 
C)  location economies. 
D)  distinctive competency. 
E)  business-level strategy.

Question 7

The value chain includes

Accepted Answer

A)  human resource management. 
B)  sales and marketing. 
C)  operations. 
D)  inbound logistics. 
E)  all of these. 
A)  human resource management. 
B)  sales and marketing. 
C)  operations. 
D)  inbound logistics. 
E)  all of these.

Question 8

According to one definition, nations are internationally competitive if they

Accepted Answer

A)  establish a strategy. 
B)  produce goods and services that local markets want. 
C)  keep labor prices low so that firms will continue to invest. 
D)  provide their citizens with a constant standard of living. 
E)  produce goods and services that international markets demand. 
A)  establish a strategy. 
B)  produce goods and services that local markets want. 
C)  keep labor prices low so that firms will continue to invest. 
D)  provide their citizens with a constant standard of living. 
E)  produce goods and services that international markets demand.

Question 9

Discuss the four basic questions all international strategies should answer.

Accepted Answer

The four basic questions that all intern

What are the five steps to developing an international strategy?

The theory of national competitive advantage attempts to explain

A transnational strategy is the most clear-cut and straightforward to implement.

A computer company is able to combine efficient manufacturing operations and inexpensive labor, allowing them to undercut competitors on price.

After the SWOT analysis, the first step in deciding on an international strategy is

Skills or abilities that are difficult for competing firms to imitate are called

The value chain includes

According to one definition, nations are internationally competitive if they

Discuss the four basic questions all international strategies should answer.

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

What are the five steps to developing an international strategy?

The theory of national competitive advantage attempts to explain

A transnational strategy is the most clear-cut and straightforward to implement.

A computer company is able to combine efficient manufacturing operations and inexpensive labor, allowing them to undercut competitors on price.

After the SWOT analysis, the first step in deciding on an international strategy is

Skills or abilities that are difficult for competing firms to imitate are called

The value chain includes

According to one definition, nations are internationally competitive if they

Discuss the four basic questions all international strategies should answer.

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