Question 1

International strategies are characterized by increased international standardization of products and services.

Accepted Answer

A) True 
 B)False  True

Question 2

Emerging economies pose exceptional risks due to their political and economic volatility and their relatively underdeveloped institutional systems.

Accepted Answer

A) True 
 B)False  True

Question 3

International management must consider three general areas in strategy implementation.First,the multinational corporation must:

Accepted Answer

A)  implement functional strategies in areas such as marketing. 
B)  develop alliances with the most attractive local partner. 
C)  carry out entry and ownership strategies. 
D)  decide where to locate operations. 
A)  implement functional strategies in areas such as marketing. 
B)  develop alliances with the most attractive local partner. 
C)  carry out entry and ownership strategies. 
D)  decide where to locate operations. D

Question 4

Which of the following groups make up the "base of the pyramid" in international management?

Accepted Answer

A)  Front-line employees at the bottom of an organizational hierarchy 
B)  Young people at the bottom of the population pyramid 
C)  Emerging middle-class markets and other wealthiest consumers 
D)  Potential low-income customers at the bottom of the economic pyramid 
A)  Front-line employees at the bottom of an organizational hierarchy 
B)  Young people at the bottom of the population pyramid 
C)  Emerging middle-class markets and other wealthiest consumers 
D)  Potential low-income customers at the bottom of the economic pyramid

Question 5

Who among the following are the key to stimulating profit growth within a company?

Accepted Answer

A)  Sales personnel 
B)  Middle managers 
C)  First-line managers 
D)  Top managers 
A)  Sales personnel 
B)  Middle managers 
C)  First-line managers 
D)  Top managers

Question 6

The implementation of a marketing strategy in international areas is built around the well-known "four Ps" of marketing.These are:

Accepted Answer

A)  place of origin, price, productive life, and product. 
B)  promotion, price, production method, and productive life. 
C)  product, price, promotion, and place. 
D)  place of origin, production method, price, and people. 
A)  place of origin, price, productive life, and product. 
B)  promotion, price, production method, and productive life. 
C)  product, price, promotion, and place. 
D)  place of origin, production method, price, and people.

Question 7

Which of the following is not one of the factors that made international management activities of entrepreneurial and new-venture firms possible?

Accepted Answer

A)  Customized, old access channels 
B)  Advances in telecommunication 
C)  Greater efficiencies and lower costs in shipping 
D)  Advances in Internet technologies 
A)  Customized, old access channels 
B)  Advances in telecommunication 
C)  Greater efficiencies and lower costs in shipping 
D)  Advances in Internet technologies

Question 8

When focusing on the _____ approach to strategic planning,companies typically sell products for which a large portion of value is added in the upstream activities of the industry's value chain.

Accepted Answer

A)  quality imperative 
B)  political imperative 
C)  economic imperative 
D)  administrative coordination 
A)  quality imperative 
B)  political imperative 
C)  economic imperative 
D)  administrative coordination

Question 9

When market liberalization is delayed,_____.

Accepted Answer

A)  first movers possess a significant advantage over later entrants. 
B)  first movers possess clear, significant advantages in transitional markets. 
C)  later entrants possess a significant advantage over first movers. 
D)  substantial risks to premature entry are removed. 
A)  first movers possess a significant advantage over later entrants. 
B)  first movers possess clear, significant advantages in transitional markets. 
C)  later entrants possess a significant advantage over first movers. 
D)  substantial risks to premature entry are removed.

Question 10

Strategic management is required to keep track of increasingly diversified operations in a continuously changing international environment.

Accepted Answer

A) True 
 B)False

Question 11

The production and distribution of products and services of a homogeneous type and quality on a worldwide basis is called _____.

Accepted Answer

A)  global integration 
B)  administrative coordination 
C)  horizontal specialization 
D)  market standardization 
A)  global integration 
B)  administrative coordination 
C)  horizontal specialization 
D)  market standardization

Question 12

A(n)_____ strategy is most likely to be used when a product is regarded as a generic good and therefore does not have to be sold based on name brand or support service.

Accepted Answer

A)  economic imperative 
B)  political imperative 
C)  quality imperative 
D)  administrative coordination 
A)  economic imperative 
B)  political imperative 
C)  quality imperative 
D)  administrative coordination

Question 13

Although strategic planning usually seems to pay off,as with most other aspects of international management,the specifics of the situation will dictate the success of the process.

Accepted Answer

A) True 
 B)False

Question 14

Multinational corporations generally need higher profitability from their overseas operations than they do from their domestic operations.

Accepted Answer

A) True 
 B)False

Question 15

The economic imperative dominates the strategic plans of industries such as insurance and consumer packaged goods.

Accepted Answer

A) True 
 B)False

Question 16

Which of the following is not a feature of born-global firms?

Accepted Answer

A)  They export products to close markets. 
B)  They employ strategies like unique-products development. 
C)  They indulge in significant international activity shortly after being established. 
D)  They succeed depending on how developed the areas are that the companies are moving into. 
A)  They export products to close markets. 
B)  They employ strategies like unique-products development. 
C)  They indulge in significant international activity shortly after being established. 
D)  They succeed depending on how developed the areas are that the companies are moving into.

Question 17

When the home office interferes with a subsidiary in another country,profitability suffers.

Accepted Answer

A) True 
 B)False

Question 18

Once strategic goals are set,a multinational corporation will develop specific _____ goals and controls,usually through a two-way process at the subsidiary or affiliate level.

Accepted Answer

A)  bureaucratic 
B)  operational 
C)  tactical 
D)  contingency 
A)  bureaucratic 
B)  operational 
C)  tactical 
D)  contingency

Question 19

If a company is going to export goods to a foreign market,the production process traditionally has been handled through:

Accepted Answer

A)  domestic operations. 
B)  home-country operations. 
C)  third-party operations. 
D)  fourth-party operations. 
A)  domestic operations. 
B)  home-country operations. 
C)  third-party operations. 
D)  fourth-party operations.

Question 20

To respond to risks in emerging markets,multinational corporations must do all of the following except:

Accepted Answer

A)  limiting equity investments. 
B)  avoiding joint ventures. 
C)  collaborating with a local partner. 
D)  engaging in shared ownership structures. 
A)  limiting equity investments. 
B)  avoiding joint ventures. 
C)  collaborating with a local partner. 
D)  engaging in shared ownership structures.

International strategies are characterized by increased international standardization of products and services.

Emerging economies pose exceptional risks due to their political and economic volatility and their relatively underdeveloped institutional systems.

International management must consider three general areas in strategy implementation.First,the multinational corporation must:

Which of the following groups make up the "base of the pyramid" in international management?

Who among the following are the key to stimulating profit growth within a company?

The implementation of a marketing strategy in international areas is built around the well-known "four Ps" of marketing.These are:

Which of the following is not one of the factors that made international management activities of entrepreneurial and new-venture firms possible?

When focusing on the _____ approach to strategic planning,companies typically sell products for which a large portion of value is added in the upstream activities of the industry's value chain.

When market liberalization is delayed,_____.

Strategic management is required to keep track of increasingly diversified operations in a continuously changing international environment.

The production and distribution of products and services of a homogeneous type and quality on a worldwide basis is called _____.

A(n)_____ strategy is most likely to be used when a product is regarded as a generic good and therefore does not have to be sold based on name brand or support service.

Although strategic planning usually seems to pay off,as with most other aspects of international management,the specifics of the situation will dictate the success of the process.

Multinational corporations generally need higher profitability from their overseas operations than they do from their domestic operations.

The economic imperative dominates the strategic plans of industries such as insurance and consumer packaged goods.

Which of the following is not a feature of born-global firms?

When the home office interferes with a subsidiary in another country,profitability suffers.

Once strategic goals are set,a multinational corporation will develop specific _____ goals and controls,usually through a two-way process at the subsidiary or affiliate level.

If a company is going to export goods to a foreign market,the production process traditionally has been handled through:

To respond to risks in emerging markets,multinational corporations must do all of the following except:

Globalization and International Linkages

The Political, Legal, and Technological Environment

Ethics, Social Responsibility, and Sustainability

The Meanings and Dimensions of Culture

Managing Across Cultures

Organizational Cultures and Diversity

Cross-Cultural Communication and Negotiation

Entry Strategies and Organizational Structures

Managing Political Risk, Government Relations, and Alliances

Management Decision and Control

Motivation Across Cultures

Leadership Across Cultures

Human Resource Selection and Development Across Cultures

Filters

Exam 8: Strategy Formulation and Implementation

International strategies are characterized by increased international standardization of products and services.

Emerging economies pose exceptional risks due to their political and economic volatility and their relatively underdeveloped institutional systems.

International management must consider three general areas in strategy implementation.First,the multinational corporation must:

Which of the following groups make up the "base of the pyramid" in international management?

Who among the following are the key to stimulating profit growth within a company?

The implementation of a marketing strategy in international areas is built around the well-known "four Ps" of marketing.These are:

Which of the following is not one of the factors that made international management activities of entrepreneurial and new-venture firms possible?

When focusing on the _____ approach to strategic planning,companies typically sell products for which a large portion of value is added in the upstream activities of the industry's value chain.

When market liberalization is delayed,_____.

Strategic management is required to keep track of increasingly diversified operations in a continuously changing international environment.

The production and distribution of products and services of a homogeneous type and quality on a worldwide basis is called _____.

A(n)_____ strategy is most likely to be used when a product is regarded as a generic good and therefore does not have to be sold based on name brand or support service.

Although strategic planning usually seems to pay off,as with most other aspects of international management,the specifics of the situation will dictate the success of the process.

Multinational corporations generally need higher profitability from their overseas operations than they do from their domestic operations.

The economic imperative dominates the strategic plans of industries such as insurance and consumer packaged goods.

Which of the following is not a feature of born-global firms?

When the home office interferes with a subsidiary in another country,profitability suffers.

Once strategic goals are set,a multinational corporation will develop specific _____ goals and controls,usually through a two-way process at the subsidiary or affiliate level.

If a company is going to export goods to a foreign market,the production process traditionally has been handled through:

To respond to risks in emerging markets,multinational corporations must do all of the following except:

Globalization and International Linkages

The Political, Legal, and Technological Environment

Ethics, Social Responsibility, and Sustainability

The Meanings and Dimensions of Culture

Managing Across Cultures

Organizational Cultures and Diversity

Cross-Cultural Communication and Negotiation

Entry Strategies and Organizational Structures

Managing Political Risk, Government Relations, and Alliances

Management Decision and Control

Motivation Across Cultures

Leadership Across Cultures

Human Resource Selection and Development Across Cultures

Filters