Question 1

Which of the following is most likely to be the consultants' utmost concern while deciding if clothing for Fun Play dolls needs to be outsourced?

Accepted Answer

A) Is doll clothing part of Fun Play's core competencies? 
B) What kind of fabric is used for clothing Fun Play dolls? 
C) Do the competitors of Fun Play outsource accounting activities abroad? 
D) Does Fun Play intend to follow a strategy of product diversification in the near future? 
A) Is doll clothing part of Fun Play's core competencies? 
B) What kind of fabric is used for clothing Fun Play dolls? 
C) Do the competitors of Fun Play outsource accounting activities abroad? 
D) Does Fun Play intend to follow a strategy of product diversification in the near future?

Question 2

Describe the four-step process many managers use to achieve successful exporting.

Accepted Answer

a.Assess Global Market Opportunity-As a

Question 3

Discuss the major risks associated with global sourcing.

Accepted Answer

In addition to potential benefits, globa

Question 4

Front-office activities cannot be classified under BPO.

Accepted Answer

A) True 
 B)False

Question 5

Trade fairs are not only excellent sites to meet potential intermediaries, they also provide the means to become familiar with key players in the local industry and to generally learn about the target market.

Accepted Answer

A) True 
 B)False

Question 6

Company-owned subsidiary is ________.

Accepted Answer

A) accomplished by contracting with intermediaries located in the firm's home market 
B) typically achieved by contracting with intermediaries located in the foreign market 
C) a foreign intermediary that serves as an extension of the exporter, negotiating on behalf of the exporter and assuming such responsibilities as local supply-chain management, pricing, and customer service 
D) a representative office of the focal firm that handles marketing, physical distribution, promotion, and customer service activities in the foreign market 
A) accomplished by contracting with intermediaries located in the firm's home market 
B) typically achieved by contracting with intermediaries located in the foreign market 
C) a foreign intermediary that serves as an extension of the exporter, negotiating on behalf of the exporter and assuming such responsibilities as local supply-chain management, pricing, and customer service 
D) a representative office of the focal firm that handles marketing, physical distribution, promotion, and customer service activities in the foreign market

Question 7

Front-office activities typically include internal, upstream business functions.

Accepted Answer

A) True 
 B)False

Question 8

The recent economic turndown is expected to pressure advanced-economy firms to seek further ways to reduce costs.

Accepted Answer

A) True 
 B)False

Question 9

After managers have chosen an appropriate market for exporting, the next step is to ________.

Accepted Answer

A) decide about the resources to be committed 
B) acquire the skills and competencies to handle export operations 
C) engage appropriate international trade attorneys 
D) modify advertising and promotional activities to suit individual markets 
A) decide about the resources to be committed 
B) acquire the skills and competencies to handle export operations 
C) engage appropriate international trade attorneys 
D) modify advertising and promotional activities to suit individual markets

Question 10

International logistics usually make use of a single transportation mode.

Accepted Answer

A) True 
 B)False

Question 11

In a short essay, explain why most firms use exporting as part of their internationalization portfolio, and discuss how Incoterms have mitigated problems with logistics.

Accepted Answer

Beyond initial entry, most firms, large

Question 12

Global sourcing hinders firms from freeing expensive analysts, engineers, and managers from routine tasks.

Accepted Answer

A) True 
 B)False

Question 13

Which of the following is most likely a disadvantage to firms who use exporting as an entry strategy?

Accepted Answer

A) high cost of foreign market entry 
B) difficulties withdrawing from foreign markets 
C) high risk of low sales due to fluctuations in exchange rates 
D) high risk due to uncertainty in the political environment of the foreign market 
A) high cost of foreign market entry 
B) difficulties withdrawing from foreign markets 
C) high risk of low sales due to fluctuations in exchange rates 
D) high risk due to uncertainty in the political environment of the foreign market

Question 14

Value chain is the collection of logistics specialists and activities that provides inputs to manufacturers or retailers.

Accepted Answer

A) True 
 B)False

Question 15

Which of the following is true with regard to global sourcing?

Accepted Answer

A) Global sourcing has declined significantly in the current phase of globalization. 
B) Global sourcing is a low-control strategy in which the focal firm sources from independent suppliers through contractual agreements. 
C) Global sourcing refers to the relocation of a business process or entire manufacturing facility to a foreign country. 
D) Global sourcing does not represent the firm's initial involvement in international business. 
A) Global sourcing has declined significantly in the current phase of globalization. 
B) Global sourcing is a low-control strategy in which the focal firm sources from independent suppliers through contractual agreements. 
C) Global sourcing refers to the relocation of a business process or entire manufacturing facility to a foreign country. 
D) Global sourcing does not represent the firm's initial involvement in international business.

Question 16

Which of the following is a potential benefit that Echo can derive from global sourcing?

Accepted Answer

A) cheap R&D 
B) access to qualified personnel in the home country 
C) strong intellectual property protection 
D) improved productivity and service 
A) cheap R&D 
B) access to qualified personnel in the home country 
C) strong intellectual property protection 
D) improved productivity and service

Question 17

The likelihood of a firm internalizing marketing and branding instead of outsourcing it is high.

Accepted Answer

A) True 
 B)False

Question 18

Which of the following, if true, most supports the argument in favor of global sourcing?

Accepted Answer

A) There is no scarcity of qualified personnel in and around Boston. 
B) Studies show that by reconfiguring their value-chain systems or reengineering their business processes, companies can substantially improve their production efficiency and resource utilization. 
C) Camden Audio, Echo's most formidable rival, follows a strategy of product diversification. 
D) The rate of employee turnover at Echo has stabilized over the last decade. 
A) There is no scarcity of qualified personnel in and around Boston. 
B) Studies show that by reconfiguring their value-chain systems or reengineering their business processes, companies can substantially improve their production efficiency and resource utilization. 
C) Camden Audio, Echo's most formidable rival, follows a strategy of product diversification. 
D) The rate of employee turnover at Echo has stabilized over the last decade.

Question 19

Which of the following most strongly suggests OTC should not export its towels to Earth Waves?

Accepted Answer

A) OTC managers are risk-takers with the determination to expand OTC. 
B) OTC's towel manufacturing at the Liverpool facility is nearing maximum capacity. 
C) Earth Waves has a large client base and publishes a semi-annual catalog. 
D) Earth Waves has offered to guide OTC through Canadian regulations. 
A) OTC managers are risk-takers with the determination to expand OTC. 
B) OTC's towel manufacturing at the Liverpool facility is nearing maximum capacity. 
C) Earth Waves has a large client base and publishes a semi-annual catalog. 
D) Earth Waves has offered to guide OTC through Canadian regulations.

Question 20

Which of the following activities is highly important to firms as a strategic asset?

Accepted Answer

A) manufacturing of parts 
B) customer service 
C) sales and distribution 
D) marketing and branding 
A) manufacturing of parts 
B) customer service 
C) sales and distribution 
D) marketing and branding

Which of the following is most likely to be the consultants' utmost concern while deciding if clothing for Fun Play dolls needs to be outsourced?

Describe the four-step process many managers use to achieve successful exporting.

Discuss the major risks associated with global sourcing.

Front-office activities cannot be classified under BPO.

Trade fairs are not only excellent sites to meet potential intermediaries, they also provide the means to become familiar with key players in the local industry and to generally learn about the target market.

Company-owned subsidiary is ________.

Front-office activities typically include internal, upstream business functions.

The recent economic turndown is expected to pressure advanced-economy firms to seek further ways to reduce costs.

After managers have chosen an appropriate market for exporting, the next step is to ________.

International logistics usually make use of a single transportation mode.

In a short essay, explain why most firms use exporting as part of their internationalization portfolio, and discuss how Incoterms have mitigated problems with logistics.

Global sourcing hinders firms from freeing expensive analysts, engineers, and managers from routine tasks.

Which of the following is most likely a disadvantage to firms who use exporting as an entry strategy?

Value chain is the collection of logistics specialists and activities that provides inputs to manufacturers or retailers.

Which of the following is true with regard to global sourcing?

Which of the following is a potential benefit that Echo can derive from global sourcing?

The likelihood of a firm internalizing marketing and branding instead of outsourcing it is high.

Which of the following, if true, most supports the argument in favor of global sourcing?

Which of the following most strongly suggests OTC should not export its towels to Earth Waves?

Which of the following activities is highly important to firms as a strategic asset?

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

Strategy and Organization in the International Firm

Global Market Opportunity Assessment

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 13: Exporting and Global Sourcing

Which of the following is most likely to be the consultants' utmost concern while deciding if clothing for Fun Play dolls needs to be outsourced?

Describe the four-step process many managers use to achieve successful exporting.

Discuss the major risks associated with global sourcing.

Front-office activities cannot be classified under BPO.

Trade fairs are not only excellent sites to meet potential intermediaries, they also provide the means to become familiar with key players in the local industry and to generally learn about the target market.

Company-owned subsidiary is ________.

Front-office activities typically include internal, upstream business functions.

The recent economic turndown is expected to pressure advanced-economy firms to seek further ways to reduce costs.

After managers have chosen an appropriate market for exporting, the next step is to ________.

International logistics usually make use of a single transportation mode.

In a short essay, explain why most firms use exporting as part of their internationalization portfolio, and discuss how Incoterms have mitigated problems with logistics.

Global sourcing hinders firms from freeing expensive analysts, engineers, and managers from routine tasks.

Which of the following is most likely a disadvantage to firms who use exporting as an entry strategy?

Value chain is the collection of logistics specialists and activities that provides inputs to manufacturers or retailers.

Which of the following is true with regard to global sourcing?

Which of the following is a potential benefit that Echo can derive from global sourcing?

The likelihood of a firm internalizing marketing and branding instead of outsourcing it is high.

Which of the following, if true, most supports the argument in favor of global sourcing?

Which of the following most strongly suggests OTC should not export its towels to Earth Waves?

Which of the following activities is highly important to firms as a strategic asset?

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

Strategy and Organization in the International Firm

Global Market Opportunity Assessment

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