Exam 10: Global Strategy: Competing Around the World

Japanese and European engineering companies entered China to participate in building the world's largest network of high-speed trains worth billions of dollars.Companies such as Kawasaki Heavy Industries (Japan), Siemens (Germany), and Alstom (France)were joint-venture partners with domestic Chinese companies.These firms now allege that the Chinese partners built on the Japanese and European partners' advanced technology to create their own, next-generation high-speed trains.This example best highlights the _____ that firms can experience when expanding overseas.

Glova Inc., a company that manufactures and sells premium perfumes, is pursuing an international strategy.RightMart Inc., a supermarket chain, follows a multidomestic strategy.Which of the following statements is most likely true of this scenario?

Which of the following is a feature of a multinational company pursuing a global-standardization strategy?

Zenovia Inc., a well-established and reputed multinational enterprise (MNE), is headquartered in a highly developed economy.It wants to start its operations in United Marva, which has been recognized as one of the less-developed nations in the world.How will this strategic move most likely affect Zenovia Inc.?

A(n)_____ arises out of the combination of high pressure for local responsiveness and low pressure for cost reductions.