Question 1

What is strategy? What is strategic planning?

Accepted Answer

Strategy is the basic means by which a c

Question 2

Goals for market volume and profitability are usually set higher for international than domestic operations due to the ________.

Accepted Answer

A) involvement of greater risks 
B) presence of stable market conditions 
C) enforcement of government controls 
D) presence of stable exchange rates 
A) involvement of greater risks 
B) presence of stable market conditions 
C) enforcement of government controls 
D) presence of stable exchange rates

Question 3

A company's choice to operate in a business or businesses and the ways in which it differentiates itself from its competitors is called its ________.

Accepted Answer

A) strategy 
B) procedure 
C) mission 
D) process 
A) strategy 
B) procedure 
C) mission 
D) process

Question 4

Which of the following is the first step of the planning phase of a strategic management process?

Accepted Answer

A) assessment of the external environment that the firm will face in the future 
B) establishment of the company's mission 
C) analysis of the firm's relative capabilities to deal successfully with the external environment 
D) seeking alternative strategies using competitive analysis 
A) assessment of the external environment that the firm will face in the future 
B) establishment of the company's mission 
C) analysis of the firm's relative capabilities to deal successfully with the external environment 
D) seeking alternative strategies using competitive analysis

Question 5

According to Ghemawat, which of the following offers room for cross-border strategy to have content distinct from single-country strategy?

Accepted Answer

A) regional integration 
B) nationalization 
C) semi-globalization 
D) privatization 
A) regional integration 
B) nationalization 
C) semi-globalization 
D) privatization

Question 6

A ________ is an assessment of a firm's capabilities relative to those of its competitors as pertinent to the opportunities and threats in the environment for those firms.

Accepted Answer

A) SWOT analysis 
B) transactional analysis 
C) PEST analysis 
D) break-even analysis 
A) SWOT analysis 
B) transactional analysis 
C) PEST analysis 
D) break-even analysis

Question 7

Which of the following is an external factor that affects the choice of international entry mode for a company?

Accepted Answer

A) industry growth rate 
B) long-term strategy 
C) costs of making or enforcing contracts with local partners 
D) intent to conduct research and development with local partners 
A) industry growth rate 
B) long-term strategy 
C) costs of making or enforcing contracts with local partners 
D) intent to conduct research and development with local partners

Question 8

What are the two levels of strategic alternatives that a firm must consider when competing internationally?

Accepted Answer

The first level, global strategic altern

Question 9

Regional strategies are more appropriate than global strategies for firms that operate in ________.

Accepted Answer

A) multidomestic industries 
B) high-tech industries 
C) newly emerging industries 
D) mature industries 
A) multidomestic industries 
B) high-tech industries 
C) newly emerging industries 
D) mature industries

Question 10

Globalization of competitors is one of the reactive reasons that prompt a company to operate overseas.

Accepted Answer

A) True 
 B)False

Question 11

Which of the following is an internal factor that affects the choice of international entry mode for a company?

Accepted Answer

A) potential of local market 
B) knowledge of local market 
C) industrial globalization 
D) global experience of firm and managers 
A) potential of local market 
B) knowledge of local market 
C) industrial globalization 
D) global experience of firm and managers

Question 12

Which of the following statements best differentiates between franchising and licensing?

Accepted Answer

A) Licensing gives a company greater control than franchising over the sale of its product in a target market. 
B) Franchising is common in manufacturing industries while licensing is primarily used in service industries. 
C) Franchising requires ongoing assistance from the franchiser while licensing normally involves a one-time transfer of property. 
D) Licensees must often meet strict guidelines on product quality, day-to-day management duties, and marketing promotions unlike franchisees. 
A) Licensing gives a company greater control than franchising over the sale of its product in a target market. 
B) Franchising is common in manufacturing industries while licensing is primarily used in service industries. 
C) Franchising requires ongoing assistance from the franchiser while licensing normally involves a one-time transfer of property. 
D) Licensees must often meet strict guidelines on product quality, day-to-day management duties, and marketing promotions unlike franchisees.

Question 13

Which of the following is an advantage of establishing a new, fully-owned foreign manufacturing?

Accepted Answer

A) absence of expropriation risks 
B) currency stability 
C) full control over decision making 
D) repatriation 
A) absence of expropriation risks 
B) currency stability 
C) full control over decision making 
D) repatriation

Question 14

An internal analysis focuses on the company's ________.

Accepted Answer

A) vision and mission 
B) market share 
C) competitors 
D) resources and operations 
A) vision and mission 
B) market share 
C) competitors 
D) resources and operations

Question 15

________ is an ideal strategy for small businesses with few financial and managerial resources for direct investment abroad.

Accepted Answer

A) A joint venture 
B) Licensing 
C) Offshoring 
D) A turnkey operation 
A) A joint venture 
B) Licensing 
C) Offshoring 
D) A turnkey operation

Question 16

The process by which a firm's managers evaluate the future prospects of the firm and decide on appropriate strategies to achieve long-term objectives is called ________.

Accepted Answer

A) strategic planning 
B) strategic delegation 
C) organizational design 
D) product planning 
A) strategic planning 
B) strategic delegation 
C) organizational design 
D) product planning

Question 17

The process by which a firm's managers evaluate the future prospects of the firm and decide on appropriate strategies to achieve long-term objectives is called strategic planning.

Accepted Answer

A) True 
 B)False

Question 18

Which of the following statements is true of licensing?

Accepted Answer

A) Licensing restricts finances needed for international expansion. 
B) Cross licensing grants a company the right to use a property but does not grant it sole access to a market. 
C) A major advantage of licensing is that it is the least risky method of international expansion. 
D) Licensing increases the likelihood that a licensor's product will appear on the black market. 
A) Licensing restricts finances needed for international expansion. 
B) Cross licensing grants a company the right to use a property but does not grant it sole access to a market. 
C) A major advantage of licensing is that it is the least risky method of international expansion. 
D) Licensing increases the likelihood that a licensor's product will appear on the black market.

Question 19

What is the difference between environmental scanning at the multinational level and the regional level?

Accepted Answer

Companies should assess the multinationa

Question 20

Panera Bread is a chain of cafes serving sandwiches, soups, and freshly baked breads.The company began in 1981 with stores primarily located along the east coast of the United States.Since then, the firm has expanded to over 1,300 locations throughout the United States and Canada.The firm has strong earnings and has been designated by Business Week as a "Significant Growth Company." Panera Bread executives are considering the idea of expanding globally by opening cafes in Asia through a franchising strategy.Which of the following, if true, undermines the argument that Panera Bread should expand into Asia through franchising?

Accepted Answer

A) Quality control is a high priority for Panera Bread. 
B) Panera Bread wants to access the Asian market quickly. 
C) Panera Bread's primary competitor has already expanded to Asia. 
D) Many Panera Bread managers have expressed interest in relocating to Asia. 
A) Quality control is a high priority for Panera Bread. 
B) Panera Bread wants to access the Asian market quickly. 
C) Panera Bread's primary competitor has already expanded to Asia. 
D) Many Panera Bread managers have expressed interest in relocating to Asia.

What is strategy? What is strategic planning?

Goals for market volume and profitability are usually set higher for international than domestic operations due to the ________.

A company's choice to operate in a business or businesses and the ways in which it differentiates itself from its competitors is called its ________.

Which of the following is the first step of the planning phase of a strategic management process?

According to Ghemawat, which of the following offers room for cross-border strategy to have content distinct from single-country strategy?

A ________ is an assessment of a firm's capabilities relative to those of its competitors as pertinent to the opportunities and threats in the environment for those firms.

Which of the following is an external factor that affects the choice of international entry mode for a company?

What are the two levels of strategic alternatives that a firm must consider when competing internationally?

Regional strategies are more appropriate than global strategies for firms that operate in ________.

Globalization of competitors is one of the reactive reasons that prompt a company to operate overseas.

Which of the following is an internal factor that affects the choice of international entry mode for a company?

Which of the following statements best differentiates between franchising and licensing?

Which of the following is an advantage of establishing a new, fully-owned foreign manufacturing?

An internal analysis focuses on the company's ________.

________ is an ideal strategy for small businesses with few financial and managerial resources for direct investment abroad.

The process by which a firm's managers evaluate the future prospects of the firm and decide on appropriate strategies to achieve long-term objectives is called ________.

The process by which a firm's managers evaluate the future prospects of the firm and decide on appropriate strategies to achieve long-term objectives is called strategic planning.

Which of the following statements is true of licensing?

What is the difference between environmental scanning at the multinational level and the regional level?

Assessing the Environment: Political, Economic, Legal, Technological

Managing Interdependence, Social Responsibility, and Ethics

Understanding the Role of Culture

Communicating Across Cultures

Cross-Cultural Negotiation and Decision Making

Global Alliances and Strategy Implementation

Developing a Global Management Cadre

Staffing, Training, and Compensation for Global Operations

Developing a Global Management Cadre

Motivating and Leading

Filters

Exam 6: Formulating Strategy

What is strategy? What is strategic planning?

Goals for market volume and profitability are usually set higher for international than domestic operations due to the ________.

A company's choice to operate in a business or businesses and the ways in which it differentiates itself from its competitors is called its ________.

Which of the following is the first step of the planning phase of a strategic management process?

According to Ghemawat, which of the following offers room for cross-border strategy to have content distinct from single-country strategy?

A ________ is an assessment of a firm's capabilities relative to those of its competitors as pertinent to the opportunities and threats in the environment for those firms.

Which of the following is an external factor that affects the choice of international entry mode for a company?

What are the two levels of strategic alternatives that a firm must consider when competing internationally?

Regional strategies are more appropriate than global strategies for firms that operate in ________.

Globalization of competitors is one of the reactive reasons that prompt a company to operate overseas.

Which of the following is an internal factor that affects the choice of international entry mode for a company?

Which of the following statements best differentiates between franchising and licensing?

Which of the following is an advantage of establishing a new, fully-owned foreign manufacturing?

An internal analysis focuses on the company's ________.

________ is an ideal strategy for small businesses with few financial and managerial resources for direct investment abroad.

The process by which a firm's managers evaluate the future prospects of the firm and decide on appropriate strategies to achieve long-term objectives is called ________.

The process by which a firm's managers evaluate the future prospects of the firm and decide on appropriate strategies to achieve long-term objectives is called strategic planning.

Which of the following statements is true of licensing?

What is the difference between environmental scanning at the multinational level and the regional level?

Assessing the Environment: Political, Economic, Legal, Technological

Managing Interdependence, Social Responsibility, and Ethics

Understanding the Role of Culture

Communicating Across Cultures

Cross-Cultural Negotiation and Decision Making

Global Alliances and Strategy Implementation

Developing a Global Management Cadre

Staffing, Training, and Compensation for Global Operations

Developing a Global Management Cadre

Motivating and Leading

Filters