Exam 10: Global Strategy: Competing Around the World

Which of the following strategies must a multinational enterprise (MNE)use when it wants to pursue an integration strategy at the business level by attempting to reconcile product and/or service differentiations at low cost?

Under the CAGE distance framework, the administrative and political distance between two countries primarily increases with:

Jane is the CEO of a clothing brand, Diva Rule Inc., which has retail stores and production units in five different countries.The firm's shareholders ensure the proper management of Diva Rule Inc.through their appointed board of directors.In this scenario, Diva Rule Inc.is most likely a _____.

Which of the following has been a key driver for firms to expand globally during the globalization 3.0 stage?

GearOne Autos Inc.has shifted its research and development unit from its home country to Germany.This allows the company to be better informed about the latest developments in the automotive industry by tapping into the highly advanced automotive industry in Germany.In this scenario, GearOne Autos Inc.is reaping the benefits of _____.

A greater cultural distance between two trading countries:

What is the engine behind globalization? Provide a real-world example.

As a result of globalization, the:

One Stop Inc., a supermarket chain, is implementing a multidomestic strategy.Solar Com Inc., a company that manufactures solar panels for commercial and domestic purposes, is pursuing a global-standardization strategy.How will the two companies most likely differ from each other?

McDonald's uses mutton instead of beef in India and offers teriyaki burgers in Japan.Which of the following strategies is the fast food chain pursuing?

What is a global strategy?

How can expanding globally become a threat to a multinational enterprises (MNEs)reputation? Explain with the help of a real-world example.

Why did the American MTV network cable channel fail when pursuing a global-standardization strategy?

How do firms make decisions to pursue a global strategy?

Which of the following statements best describes local responsiveness?

Unilever's new-concept center is situated in downtown Shanghai, China, attracting hundreds of eager volunteers to test the firm's latest product innovations onsite while Unilever researchers monitor consumer reactions.In this example, Unilever is trying to reap the benefits of _____.

Multinational enterprises (MNEs)like Harley-Davidson, Rolex, and Starbucks are said to be following an international strategy because:

What is meant by local responsiveness?

Which of the following is part of Geert Hofstede's cultural dimensions?

United Nerumbia and Fernsland are two neighboring countries with strong economic disparities.However, both the countries share a common national language and the same political ideologies.The relationship between these two countries will most likely affect the trade of: