Exam 6: Formulating Strategy

Which of the following terms refers to the basic means by which a company competes?

________ refers to the establishment of worldwide operations and the development of standardized products and marketing.

Which of the following is the first step of the planning phase of a strategic management process?

Which of the following terms refers to operating in concentrations of related,interdependent companies within an industry that uses the same suppliers,specialized labor,and distribution channels?

What is strategy? What is strategic planning?

Licensing is especially suitable for ________.

A ________ is an assessment of a firm's capabilities relative to those of its competitors as pertinent to the opportunities and threats in the environment for those firms.

Restrictive trade barriers most likely influence the globalization of businesses by encouraging firms to ________.

It is impossible for small businesses,such as those with fewer than 500 workers,to do business overseas.

Companies seek out less restrictive foreign operating environments when the regulations and restrictions enforced by the firm's home government become expensive.

Which of the following strategies would most likely be used by a non-European company wanting to gain quick entry inside the European community?

Which of the following statements is true of the strategic formulation process?

Panera Bread is a chain of cafes serving sandwiches,soups,and freshly baked breads.The company began in 1981 with stores primarily located along the east coast of the U.S.Since then,the firm has expanded to over 1,300 locations throughout the U.S.and Canada.The firm has strong earnings and has been designated by Business Week as a "Significant Growth Company." Panera Bread executives are considering the idea of expanding globally by opening cafes in Asia through a franchising strategy.Which of the following,if true,undermines the argument that Panera Bread should expand into Asia through franchising?

The process by which a firm's managers evaluate the future prospects of the firm and decide on appropriate strategies to achieve long-term objectives is called ________.

Tax exemptions,subsidies,and loans decrease risk and increase profits.Hence,they are attractive to foreign companies.

When Disney decided to build a park in Paris,the French government gave Disney prime farmland just outside the city limits.This is most likely an example of a firm expanding overseas due to ________.

According to Gupta and Govindarajan,an alliance-based entry strategy is most suitable when ________.

Which of the following is a way in which formal institutions affect international competition?

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

A company designs and constructs a facility abroad,trains local personnel,and then transfers the facility to local management for a fee.Which of the following entry strategies is being implemented by the company?