Question 1

At which three levels should firms ideally perform global environmental analysis?

Accepted Answer

A)  product, domestic market, and consumer 
B)  multinational, regional, and local 
C)  operational, tactical, and top management 
D)  innovation, production, and local distribution 
A)  product, domestic market, and consumer 
B)  multinational, regional, and local 
C)  operational, tactical, and top management 
D)  innovation, production, and local distribution

Question 2

What is a SWOT analysis? How is it used in strategic planning?

Accepted Answer

A SWOT analysis is a summary of the exte

Question 3

Which of the following terms best describes a company that has operations in various countries,follows policies to develop local R&D to tailor products to markets,lets plants set their own rules,and aims at being a good corporate citizen in every country?

Accepted Answer

A)  GLOCAL 
B)  global elite 
C)  counter trade 
D)  global commons 
A)  GLOCAL 
B)  global elite 
C)  counter trade 
D)  global commons

Question 4

Which of the following can be regarded as a pressure to globalize?

Accepted Answer

A)  decreasing competitive clout 
B)  information technology expansion 
C)  increasing tariffs 
D)  spread of economic nationalism 
A)  decreasing competitive clout 
B)  information technology expansion 
C)  increasing tariffs 
D)  spread of economic nationalism

Question 5

________ are usually difficult for competitors to imitate and represent a major focus for strategic development at the corporate level.

Accepted Answer

A)  Break-even points 
B)  Comparative advantages 
C)  Absolute advantages 
D)  Distinctive competencies 
A)  Break-even points 
B)  Comparative advantages 
C)  Absolute advantages 
D)  Distinctive competencies

Question 6

Compare and contrast globalization and regionalization.

Accepted Answer

Globalization is the strategy of treatin

Question 7

Which of the following is a global risk with regard to strategic entry scanning?

Accepted Answer

A)  economic and fiscal policies 
B)  corruption 
C)  economic and financial risk 
D)  trade restrictions 
A)  economic and fiscal policies 
B)  corruption 
C)  economic and financial risk 
D)  trade restrictions

Question 8

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 9

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 10

Which of the following is the most likely result of regulations and restrictions enforced by a firm's home government that prove to be expensive for the firm's operations?

Accepted Answer

A)  the firm searches for less restrictive operating environments overseas 
B)  the firm responds to customers' demands more promptly 
C)  the firm becomes entangled in lengthy litigation 
D)  the firm expands its domestic operations 
A)  the firm searches for less restrictive operating environments overseas 
B)  the firm responds to customers' demands more promptly 
C)  the firm becomes entangled in lengthy litigation 
D)  the firm expands its domestic operations

Question 11

Environmental scanning should be conducted on the national level exclusively.

Accepted Answer

A) True 
 B)False

Question 12

Core competencies are typically easy for competitors to imitate.

Accepted Answer

A) True 
 B)False

Question 13

Due to the high demand for its handmade soaps in Canada,Fragrance Exotica,an Indian Soap manufacturer,has decided to open a new manufacturing unit in Canada,thereby expanding overseas.In this scenario,which of the following reasons prompted Fragrance Exotica to set up a manufacturing unit overseas?

Accepted Answer

A)  trade barriers 
B)  manufacturer demands 
C)  customer demands 
D)  tax incentives 
A)  trade barriers 
B)  manufacturer demands 
C)  customer demands 
D)  tax incentives

Question 14

A(n)________ determines which areas of a firm's operations represent strengths or weaknesses (currently or potentially)compared to competitors.

Accepted Answer

A)  transactional analysis 
B)  internal analysis 
C)  structural analysis 
D)  break-even analysis 
A)  transactional analysis 
B)  internal analysis 
C)  structural analysis 
D)  break-even analysis

Question 15

Which of the following environmental factors would most likely increase the risk for a firm that has established a fully owned subsidiary in a country?

Accepted Answer

A)  expropriation threats 
B)  unreliable distributors 
C)  infrastructure weaknesses 
D)  quality control issues 
A)  expropriation threats 
B)  unreliable distributors 
C)  infrastructure weaknesses 
D)  quality control issues

Question 16

The first broad scan of all potential world markets should result in the firm being able to ________.

Accepted Answer

A)  identify the strengths and weaknesses of its competitors 
B)  eliminate markets with unreasonable entry conditions 
C)  determine the best sources for raw materials 
D)  eliminate countries with high cultural risk 
A)  identify the strengths and weaknesses of its competitors 
B)  eliminate markets with unreasonable entry conditions 
C)  determine the best sources for raw materials 
D)  eliminate countries with high cultural risk

Question 17

Internal analysis is carried out to assess a firm's capabilities and critical success factors compared to those of its competitors.

Accepted Answer

A) True 
 B)False

Question 18

List the reasons a company would have if it wants to operate internationally.

Accepted Answer

A company can operate internationally fo

Question 19

One pressing reason for many large firms to expand overseas is to seek economies of scale.

Accepted Answer

A) True 
 B)False

Question 20

Which of the following is the primary advantage of using e-business as a local-level entry strategy?

Accepted Answer

A)  shared costs and risks 
B)  access to highly skilled workers 
C)  rapid entry and exit from markets 
D)  avoidance of tariffs and regulations 
A)  shared costs and risks 
B)  access to highly skilled workers 
C)  rapid entry and exit from markets 
D)  avoidance of tariffs and regulations

At which three levels should firms ideally perform global environmental analysis?

What is a SWOT analysis? How is it used in strategic planning?

Which of the following terms best describes a company that has operations in various countries,follows policies to develop local R&D to tailor products to markets,lets plants set their own rules,and aims at being a good corporate citizen in every country?

Which of the following can be regarded as a pressure to globalize?

________ are usually difficult for competitors to imitate and represent a major focus for strategic development at the corporate level.

Compare and contrast globalization and regionalization.

Which of the following is a global risk with regard to strategic entry scanning?

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 an advantage of establishing a new,fully-owned foreign manufacturing?

Which of the following is the most likely result of regulations and restrictions enforced by a firm's home government that prove to be expensive for the firm's operations?

Environmental scanning should be conducted on the national level exclusively.

Core competencies are typically easy for competitors to imitate.

Due to the high demand for its handmade soaps in Canada,Fragrance Exotica,an Indian Soap manufacturer,has decided to open a new manufacturing unit in Canada,thereby expanding overseas.In this scenario,which of the following reasons prompted Fragrance Exotica to set up a manufacturing unit overseas?

A(n)________ determines which areas of a firm's operations represent strengths or weaknesses (currently or potentially)compared to competitors.

Which of the following environmental factors would most likely increase the risk for a firm that has established a fully owned subsidiary in a country?

The first broad scan of all potential world markets should result in the firm being able to ________.

Internal analysis is carried out to assess a firm's capabilities and critical success factors compared to those of its competitors.

List the reasons a company would have if it wants to operate internationally.

One pressing reason for many large firms to expand overseas is to seek economies of scale.

Which of the following is the primary advantage of using e-business as a local-level entry strategy?

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

Organization Structure and Control Systems

Staffing,Training,and Compensation for Global Operations

Developing a Global Management Cadre

Motivating and Leading

Filters

Exam 6: Formulating Strategy

At which three levels should firms ideally perform global environmental analysis?

What is a SWOT analysis? How is it used in strategic planning?

Which of the following terms best describes a company that has operations in various countries,follows policies to develop local R&D to tailor products to markets,lets plants set their own rules,and aims at being a good corporate citizen in every country?

Which of the following can be regarded as a pressure to globalize?

________ are usually difficult for competitors to imitate and represent a major focus for strategic development at the corporate level.

Compare and contrast globalization and regionalization.

Which of the following is a global risk with regard to strategic entry scanning?

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 an advantage of establishing a new,fully-owned foreign manufacturing?

Which of the following is the most likely result of regulations and restrictions enforced by a firm's home government that prove to be expensive for the firm's operations?

Environmental scanning should be conducted on the national level exclusively.

Core competencies are typically easy for competitors to imitate.

Due to the high demand for its handmade soaps in Canada,Fragrance Exotica,an Indian Soap manufacturer,has decided to open a new manufacturing unit in Canada,thereby expanding overseas.In this scenario,which of the following reasons prompted Fragrance Exotica to set up a manufacturing unit overseas?

A(n)________ determines which areas of a firm's operations represent strengths or weaknesses (currently or potentially)compared to competitors.

Which of the following environmental factors would most likely increase the risk for a firm that has established a fully owned subsidiary in a country?

The first broad scan of all potential world markets should result in the firm being able to ________.

Internal analysis is carried out to assess a firm's capabilities and critical success factors compared to those of its competitors.

List the reasons a company would have if it wants to operate internationally.

One pressing reason for many large firms to expand overseas is to seek economies of scale.

Which of the following is the primary advantage of using e-business as a local-level entry strategy?

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

Organization Structure and Control Systems

Staffing,Training,and Compensation for Global Operations

Developing a Global Management Cadre

Motivating and Leading

Filters