Exam 7: International Strategy Creating Value in Global Markets

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Related industries create the probability that new companies will enter the market. This ________ competition and forces existing firms to improve ________.

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Typically, joint ventures involve less control and risk than franchising.

(True/False)
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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.

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High pressure for local adaptation combined with low pressure for lower costs would suggest what type of international strategy?

(Multiple Choice)
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The factor endowments of a country are inherited and cannot be created.

(True/False)
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If a company is considering optimizing the physical location for every activity in the value chain, which of the following is not a possible strategic advantage for that decision?

(Multiple Choice)
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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 theirproduct and service offerings as too expensive.

(Multiple Choice)
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