Exam 7: International Strategy: Creating Value in Global Markets

When the U.S.dollar appreciates against other currencies,U.S.goods can be ________ to consumers in foreign countries but can have ________ implications for American companies with branch operations overseas.

According to Michael Porter,firms that have experienced intense domestic competition are

Firms following a global strategy strive to offer ________ products and services as well as locate manufacturing,research and development,and marketing activities in a limited number of locations.

When the GE wind energy business tapped into world-wide talent,it was able to expand using a(n)________ strategy.

Increasing international exchange in goods and services can run into the difficulty of one offering that meets the needs of customers at differing income levels.

Which of the following is not a motivation for a company to pursue international expansion?

Industries in which proportionally more value is added in upstream activities are more likely to benefit from a global strategy than those in which more value is added downstream (closer to the customer).

The Michael Porter Diamond of National Advantage is a framework that explains why countries foster successful multinational corporations based on factor endowments and demand conditions only.

________ are groups of countries that agree to increase trade among them by lowering trade barriers.

In Euromoney magazine's 2017 semi-annual "Country Risk Rating" evaluating political,economic,and other risks that entrants to international markets potentially face,which of the following countries has the highest overall country rating for risk?

In the quest to achieve competitive advantage in global markets,competitive pressures require that firms do what they can to ________ unit costs so that consumers will not perceive their product and service offerings as too expensive.

Similarity of culture,laws,rules,and norms encourages

The trend towards worldwide markets makes it easier to predict where competitors will spring up.

________ are most appropriate when a firm already has the appropriate knowledge and capabilities that it can leverage rather easily through multiple locations in many countries.

Which of the following is not a risk associated with a global strategy?

A firm can establish a wholly owned subsidiary by

Regions represent the outcomes of centuries of political and cultural history that results in not only ________ but also mutual ________.

Renault paid 1 billion USD to acquire a 25 percent ownership stake in the Russian automaker AvtoVAZ in 2008.Just one year later,Russian Prime Minister Vladimir Putin threatened to dilute the Renault ownership stake unless it contributed more money to prop up AvtoVAZ,which was then experiencing a significant slide in sales.This is an example of ________ risk.

What is a beachhead strategy and how does it contribute to a company's decision to internationalize?

To be responsive to local pressures,companies must ________ their offerings and strategies from country to country to reflect local consumer preferences.