Question 1

Which of the following is characteristic of a global industry?

Accepted Answer

A) A small number of major players compete head-on in multiple markets. 
B) Competition is designed on a country-by-country basis. 
C) Numerous firms compete within the industry worldwide. 
D) Different marketing activities are designed to meet local needs across the globe. 
A) A small number of major players compete head-on in multiple markets. 
B) Competition is designed on a country-by-country basis. 
C) Numerous firms compete within the industry worldwide. 
D) Different marketing activities are designed to meet local needs across the globe. A

Question 2

Managers who exemplify an open-minded attitude and who appreciate cultural diversity are described as applying a global ________.

Accepted Answer

A) sensitivity 
B) standard 
C) posture 
D) mindset 
A) sensitivity 
B) standard 
C) posture 
D) mindset D

Question 3

Which of the following would exert pressure on a U.S.-based clothing company, ZSource Ltd. , to become locally responsive?

Accepted Answer

A) to seek cost reduction through scale economies 
B) to conduct global sourcing of raw materials, components, energy, and labor 
C) to monitor and respond to global competitors 
D) to meet host government requirements and regulations 
A) to seek cost reduction through scale economies 
B) to conduct global sourcing of raw materials, components, energy, and labor 
C) to monitor and respond to global competitors 
D) to meet host government requirements and regulations D

Question 4

What is the integration-responsiveness framework? Describe the two main components of the framework.

Accepted Answer

The discussion about the pressures on th

Question 5

With a global strategy, headquarters seeks substantial control over its country operations in order to minimize redundancy and achieve maximum efficiency, learning, and integration worldwide.

Accepted Answer

A) True 
 B)False

Question 6

To establish positive relationships with country managers, senior corporate managers should ________.

Accepted Answer

A) transfer employees to different countries to maintain a centralized power structure 
B) encourage subjective ethical and moral standards across different countries 
C) invite local managers to discuss their experiences at regional and global conferences 
D) minimize decision making at the local level 
A) transfer employees to different countries to maintain a centralized power structure 
B) encourage subjective ethical and moral standards across different countries 
C) invite local managers to discuss their experiences at regional and global conferences 
D) minimize decision making at the local level

Question 7

Companies that proactively build a global organizational culture will ________.

Accepted Answer

A) promote independent headquarters and subsidiaries to avoid miscommunication 
B) subscribe to ethical standards developed in the home market to avert misunderstanding 
C) maintain a global perspective in all major initiatives 
D) adopt multiple corporate languages for business communications 
A) promote independent headquarters and subsidiaries to avoid miscommunication 
B) subscribe to ethical standards developed in the home market to avert misunderstanding 
C) maintain a global perspective in all major initiatives 
D) adopt multiple corporate languages for business communications

Question 8

In establishing a firm's organizational structure, a fundamental issue is ________.

Accepted Answer

A) how to optimize local responsiveness and flexibility 
B) how much decision-making responsibility the firm should retain at headquarters 
C) how to leverage natural endowments available to the firm 
D) how the firm should invest in human assets 
A) how to optimize local responsiveness and flexibility 
B) how much decision-making responsibility the firm should retain at headquarters 
C) how to leverage natural endowments available to the firm 
D) how the firm should invest in human assets

Question 9

In which of the following types of organizational arrangements would a firm most likely have a division that focused solely on global marketing?

Accepted Answer

A) product structure 
B) functional structure 
C) geographic area structure 
D) international division 
A) product structure 
B) functional structure 
C) geographic area structure 
D) international division

Question 10

Graham Technologies is a U.K.-based consumer electronics manufacturer. The company markets netbooks, smartphones, laptops, and desktops in the international market and each product division operates as a stand-alone profit center with substantial autonomy. This is an example of a ________.

Accepted Answer

A) global matrix structure 
B) functional structure 
C) product structure 
D) geographic area structure 
A) global matrix structure 
B) functional structure 
C) product structure 
D) geographic area structure

Question 11

Which of the following is an advantage of a multidomestic strategy?

Accepted Answer

A) standardized organizational culture 
B) minimal pressure on headquarters staff 
C) minimum redundancy 
D) low operating costs 
A) standardized organizational culture 
B) minimal pressure on headquarters staff 
C) minimum redundancy 
D) low operating costs

Question 12

Which of the following most likely supports Extra Clean implementing a transnational strategy?

Accepted Answer

A) The country managers have been trained in the United States. 
B) Extra Clean is a highly centralized organization. 
C) Extra Clean could reduce the number of global suppliers. 
D) There is high local competition in each of the markets. 
A) The country managers have been trained in the United States. 
B) Extra Clean is a highly centralized organization. 
C) Extra Clean could reduce the number of global suppliers. 
D) There is high local competition in each of the markets.

Question 13

Coordinating the international value-chain activities of a firm across multiple countries to achieve maximum efficiency is known as ________.

Accepted Answer

A) local responsiveness 
B) global integration 
C) adaptation 
D) country-by-country responsiveness 
A) local responsiveness 
B) global integration 
C) adaptation 
D) country-by-country responsiveness

Question 14

Describe four traits that characterize visionary leaders, and explain why these traits are especially necessary for a firm that operates within a global matrix structure.

Accepted Answer

Visionary leaders are characterized by f

Question 15

Which of the following characterizes a multidomestic strategy?

Accepted Answer

A) Subsidiary managers adapt products and services to meet local needs. 
B) Management practices are universal across local businesses. 
C) Firm executives control all subsidiaries to maximize efficiency. 
D) The firm allows subsidiaries to standardize products and services across countries. 
A) Subsidiary managers adapt products and services to meet local needs. 
B) Management practices are universal across local businesses. 
C) Firm executives control all subsidiaries to maximize efficiency. 
D) The firm allows subsidiaries to standardize products and services across countries.

Question 16

One of the advantages of a global matrix structure is that it provides better management of subsidiaries or products, or operations in many foreign markets.

Accepted Answer

A) True 
 B)False

Question 17

Sourcing inputs from large-scale, centralized suppliers allows firms to obtain economies of scale, more consistent quality, lower costs, and generally more efficient operations.

Accepted Answer

A) True 
 B)False

Question 18

A firm's subsidiary is the primary contributor to ________.

Accepted Answer

A) transfer pricing 
B) capital planning 
C) marketing 
D) global profitability 
A) transfer pricing 
B) capital planning 
C) marketing 
D) global profitability

Question 19

Describe local responsiveness and explain how a multidomestic strategy allows an international firm to pursue local responsiveness.

Accepted Answer

Many companies seek to respond to specif

Question 20

Armaz Inc. , a manufacturing company, has its headquarters located in Texas, U.S. , and subsidiaries in India, China, and Vietnam. Which of the following decisions will be the most centralized?

Accepted Answer

A) decision about building factories in Cambodia 
B) decision about hiring a marketing manager for its India operations 
C) decision to open a retail store in Vietnam 
D) decision about marketing newly developed products for the Chinese market 
A) decision about building factories in Cambodia 
B) decision about hiring a marketing manager for its India operations 
C) decision to open a retail store in Vietnam 
D) decision about marketing newly developed products for the Chinese market

Which of the following is characteristic of a global industry?

Managers who exemplify an open-minded attitude and who appreciate cultural diversity are described as applying a global ________.

Which of the following would exert pressure on a U.S.-based clothing company, ZSource Ltd. , to become locally responsive?

What is the integration-responsiveness framework? Describe the two main components of the framework.

With a global strategy, headquarters seeks substantial control over its country operations in order to minimize redundancy and achieve maximum efficiency, learning, and integration worldwide.

To establish positive relationships with country managers, senior corporate managers should ________.

Companies that proactively build a global organizational culture will ________.

In establishing a firm's organizational structure, a fundamental issue is ________.

In which of the following types of organizational arrangements would a firm most likely have a division that focused solely on global marketing?

Graham Technologies is a U.K.-based consumer electronics manufacturer. The company markets netbooks, smartphones, laptops, and desktops in the international market and each product division operates as a stand-alone profit center with substantial autonomy. This is an example of a ________.

Which of the following is an advantage of a multidomestic strategy?

Which of the following most likely supports Extra Clean implementing a transnational strategy?

Coordinating the international value-chain activities of a firm across multiple countries to achieve maximum efficiency is known as ________.

Describe four traits that characterize visionary leaders, and explain why these traits are especially necessary for a firm that operates within a global matrix structure.

Which of the following characterizes a multidomestic strategy?

One of the advantages of a global matrix structure is that it provides better management of subsidiaries or products, or operations in many foreign markets.

Sourcing inputs from large-scale, centralized suppliers allows firms to obtain economies of scale, more consistent quality, lower costs, and generally more efficient operations.

A firm's subsidiary is the primary contributor to ________.

Describe local responsiveness and explain how a multidomestic strategy allows an international firm to pursue local responsiveness.

Armaz Inc. , a manufacturing company, has its headquarters located in Texas, U.S. , and subsidiaries in India, China, and Vietnam. Which of the following decisions will be the most centralized?

Introduction: What Is International Business

Globalization of Markets and the Internationalization of the Firm

The Cultural Environment of International Business

Ethics, Corporate Social Responsibility, Sustainability and Corporate Governance

Theories of International Trade and Investment

Political and Legal Systems in National Environments

Government Intervention and Regional Economic Integration

Understanding Emerging Markets

The International Monetary and Financial Environment

Financial Management and Accounting in the Global Firm

Global Market Opportunity Assessment

Exporting and Global Sourcing

Foreign Direct Investment and Collaborative Ventures

Licensing, Franchising, and Other Contractual Strategies

Marketing in the Global Firm

Human Resource Management in the Global Firm

Filters

Exam 11: Strategy and Organization in the International Firm

Which of the following is characteristic of a global industry?

Managers who exemplify an open-minded attitude and who appreciate cultural diversity are described as applying a global ________.

Which of the following would exert pressure on a U.S.-based clothing company, ZSource Ltd. , to become locally responsive?

What is the integration-responsiveness framework? Describe the two main components of the framework.

With a global strategy, headquarters seeks substantial control over its country operations in order to minimize redundancy and achieve maximum efficiency, learning, and integration worldwide.

To establish positive relationships with country managers, senior corporate managers should ________.

Companies that proactively build a global organizational culture will ________.

In establishing a firm's organizational structure, a fundamental issue is ________.

In which of the following types of organizational arrangements would a firm most likely have a division that focused solely on global marketing?

Graham Technologies is a U.K.-based consumer electronics manufacturer. The company markets netbooks, smartphones, laptops, and desktops in the international market and each product division operates as a stand-alone profit center with substantial autonomy. This is an example of a ________.

Which of the following is an advantage of a multidomestic strategy?

Which of the following most likely supports Extra Clean implementing a transnational strategy?

Coordinating the international value-chain activities of a firm across multiple countries to achieve maximum efficiency is known as ________.

Describe four traits that characterize visionary leaders, and explain why these traits are especially necessary for a firm that operates within a global matrix structure.

Which of the following characterizes a multidomestic strategy?

One of the advantages of a global matrix structure is that it provides better management of subsidiaries or products, or operations in many foreign markets.

Sourcing inputs from large-scale, centralized suppliers allows firms to obtain economies of scale, more consistent quality, lower costs, and generally more efficient operations.

A firm's subsidiary is the primary contributor to ________.

Describe local responsiveness and explain how a multidomestic strategy allows an international firm to pursue local responsiveness.

Armaz Inc. , a manufacturing company, has its headquarters located in Texas, U.S. , and subsidiaries in India, China, and Vietnam. Which of the following decisions will be the most centralized?

Introduction: What Is International Business

Globalization of Markets and the Internationalization of the Firm

The Cultural Environment of International Business

Ethics, Corporate Social Responsibility, Sustainability and Corporate Governance

Theories of International Trade and Investment

Political and Legal Systems in National Environments

Government Intervention and Regional Economic Integration

Understanding Emerging Markets

The International Monetary and Financial Environment

Financial Management and Accounting in the Global Firm

Global Market Opportunity Assessment

Exporting and Global Sourcing

Foreign Direct Investment and Collaborative Ventures

Licensing, Franchising, and Other Contractual Strategies

Marketing in the Global Firm

Human Resource Management in the Global Firm

Filters