Question 1

A(n) ________ calls for a firm to rely on a single business, product, or service for all its revenue.

Accepted Answer

A)  corporate strategy 
B)  single-business strategy 
C)  related diversification strategy 
D)  unrelated diversification strategy 
A)  corporate strategy 
B)  single-business strategy 
C)  related diversification strategy 
D)  unrelated diversification strategy

Question 2

Sargent Software faces significant pressure to move towards global integration, but the MNE does not need to respond locally. Which strategy should most likely be used by Sargent Software?

Accepted Answer

A)  home replication strategy 
B)  transnational strategy 
C)  global strategy 
D)  multidomestic strategy 
A)  home replication strategy 
B)  transnational strategy 
C)  global strategy 
D)  multidomestic strategy

Question 3

Resource deployment might be specific along product lines, geographical lines, or both.

Accepted Answer

A) True 
 B)False

Question 4

With the multidomestic strategy ________.

Accepted Answer

A)  the firm utilizes the core competency of the firm or firm-specific advantage it developed at home as its main competitive weapon in the foreign market it enters 
B)  the firm views itself as a collection of relatively independent operating subsidiaries 
C)  the firm views the world as a single marketplace and has as its primary goal the creation of standardized goods and services that will address the needs of customers worldwide 
D)  the firm assigns responsibility for various organizational tasks to the unit of the organization best able to achieve the dual goals of efficiency and flexibility 
A)  the firm utilizes the core competency of the firm or firm-specific advantage it developed at home as its main competitive weapon in the foreign market it enters 
B)  the firm views itself as a collection of relatively independent operating subsidiaries 
C)  the firm views the world as a single marketplace and has as its primary goal the creation of standardized goods and services that will address the needs of customers worldwide 
D)  the firm assigns responsibility for various organizational tasks to the unit of the organization best able to achieve the dual goals of efficiency and flexibility

Question 5

Describe the value chain and how it is used to assess a firm's strengths and weaknesses.

Accepted Answer

The value chain is a breakdown of the fi

Question 6

Which approach is most appropriate when economies of scale for production, distribution, and marketing are low?

Accepted Answer

A)  multidomestic strategy 
B)  home replication strategy 
C)  transnational strategy 
D)  global strategy 
A)  multidomestic strategy 
B)  home replication strategy 
C)  transnational strategy 
D)  global strategy

Question 7

A firm following the ________ views the world as a single marketplace.

Accepted Answer

A)  multidomestic strategy 
B)  home replication strategy 
C)  transnational strategy 
D)  global strategy 
A)  multidomestic strategy 
B)  home replication strategy 
C)  transnational strategy 
D)  global strategy

Question 8

________ answers the question, "Where are we going to conduct business?"

Accepted Answer

A)  Distinctive competence 
B)  Scope of operations 
C)  Resource deployment 
D)  Synergy 
A)  Distinctive competence 
B)  Scope of operations 
C)  Resource deployment 
D)  Synergy

Question 9

International operations strategy deals with the creation of the firm's products or services.

Accepted Answer

A) True 
 B)False

Question 10

What are the unique challenges of the international strategic management process? Briefly describe the international strategic management process.

Accepted Answer

Some possible answers include language,

Question 11

A differentiation strategy is not a commonly used business strategy.

Accepted Answer

A) True 
 B)False

Question 12

What is a distinctive competence?

Accepted Answer

A distinctive competence answers the que

Question 13

________ answers the question, "Given that we are going to compete in these markets, how will we allocate our resources to them?"

Accepted Answer

A)  Distinctive competence 
B)  Scope of operations 
C)  Resource deployment 
D)  Synergy 
A)  Distinctive competence 
B)  Scope of operations 
C)  Resource deployment 
D)  Synergy

Question 14

Strengths and weaknesses are part of a firm's internal environment.

Accepted Answer

A) True 
 B)False

Question 15

A firm's value chain is a breakdown of a firm's most important product lines.

Accepted Answer

A) True 
 B)False

Question 16

A single business strategy increases the firm's vulnerability to its competition and to changes in the external environment.

Accepted Answer

A) True 
 B)False

Question 17

Which strategy calls for a firm to focus on achieving highly efficient operating procedures so that its costs are lower than its competitors?

Accepted Answer

A)  focus strategy 
B)  single-business strategy 
C)  overall cost leadership strategy 
D)  unrelated diversification strategy 
A)  focus strategy 
B)  single-business strategy 
C)  overall cost leadership strategy 
D)  unrelated diversification strategy

Question 18

Carvel Industries, an MNE, broadens its product line in each of the countries that it enters. Carvel most likely benefits from ________.

Accepted Answer

A)  multinational flexibility 
B)  economies of scale 
C)  location efficiencies 
D)  economies of scope 
A)  multinational flexibility 
B)  economies of scale 
C)  location efficiencies 
D)  economies of scope

Question 19

Firms following an unrelated diversification strategy typically experience more risk due to the inability to raise capital quickly.

Accepted Answer

A) True 
 B)False

Question 20

Firms using a ________ conduct business the same way anywhere in the world.

Accepted Answer

A)  multi-market strategy 
B)  transnational strategy 
C)  global strategy 
D)  multidomestic strategy 
A)  multi-market strategy 
B)  transnational strategy 
C)  global strategy 
D)  multidomestic strategy

A(n) ________ calls for a firm to rely on a single business, product, or service for all its revenue.

Sargent Software faces significant pressure to move towards global integration, but the MNE does not need to respond locally. Which strategy should most likely be used by Sargent Software?

Resource deployment might be specific along product lines, geographical lines, or both.

With the multidomestic strategy ________.

Describe the value chain and how it is used to assess a firm's strengths and weaknesses.

Which approach is most appropriate when economies of scale for production, distribution, and marketing are low?

A firm following the ________ views the world as a single marketplace.

________ answers the question, "Where are we going to conduct business?"

International operations strategy deals with the creation of the firm's products or services.

What are the unique challenges of the international strategic management process? Briefly describe the international strategic management process.

A differentiation strategy is not a commonly used business strategy.

What is a distinctive competence?

________ answers the question, "Given that we are going to compete in these markets, how will we allocate our resources to them?"

Strengths and weaknesses are part of a firm's internal environment.

A firm's value chain is a breakdown of a firm's most important product lines.

A single business strategy increases the firm's vulnerability to its competition and to changes in the external environment.

Which strategy calls for a firm to focus on achieving highly efficient operating procedures so that its costs are lower than its competitors?

Carvel Industries, an MNE, broadens its product line in each of the countries that it enters. Carvel most likely benefits from ________.

Firms following an unrelated diversification strategy typically experience more risk due to the inability to raise capital quickly.

Firms using a ________ conduct business the same way anywhere in the world.

An Overview of International Business

Global Marketplaces and Business Centers

Legal, Technological, and Political Environments

The Role of Culture

Ethics and Social Responsibility in International Business

International Trade and Investment

The International Monetary System and the Balance of Payments

Foreign Exchange and International Financial Markets

Formulation of National Trade Policies

International Cooperation Among Nations

Strategies for Analyzing and Entering Foreign Markets

International Strategic Alliances

International Organization Design and Control

Leadership and Employee Behavior in International Business

International Marketing

International Operations Management

International Financial Management

International Human Resource Management and Labor Relations

Filters

Exam 11: International Strategic Management

A(n) ________ calls for a firm to rely on a single business, product, or service for all its revenue.

Sargent Software faces significant pressure to move towards global integration, but the MNE does not need to respond locally. Which strategy should most likely be used by Sargent Software?

Resource deployment might be specific along product lines, geographical lines, or both.

With the multidomestic strategy ________.

Describe the value chain and how it is used to assess a firm's strengths and weaknesses.

Which approach is most appropriate when economies of scale for production, distribution, and marketing are low?

A firm following the ________ views the world as a single marketplace.

________ answers the question, "Where are we going to conduct business?"

International operations strategy deals with the creation of the firm's products or services.

What are the unique challenges of the international strategic management process? Briefly describe the international strategic management process.

A differentiation strategy is not a commonly used business strategy.

What is a distinctive competence?

________ answers the question, "Given that we are going to compete in these markets, how will we allocate our resources to them?"

Strengths and weaknesses are part of a firm's internal environment.

A firm's value chain is a breakdown of a firm's most important product lines.

A single business strategy increases the firm's vulnerability to its competition and to changes in the external environment.

Which strategy calls for a firm to focus on achieving highly efficient operating procedures so that its costs are lower than its competitors?

Carvel Industries, an MNE, broadens its product line in each of the countries that it enters. Carvel most likely benefits from ________.

Firms following an unrelated diversification strategy typically experience more risk due to the inability to raise capital quickly.

Firms using a ________ conduct business the same way anywhere in the world.

An Overview of International Business

Global Marketplaces and Business Centers

Legal, Technological, and Political Environments

The Role of Culture

Ethics and Social Responsibility in International Business

International Trade and Investment

The International Monetary System and the Balance of Payments

Foreign Exchange and International Financial Markets

Formulation of National Trade Policies

International Cooperation Among Nations

Strategies for Analyzing and Entering Foreign Markets

International Strategic Alliances

International Organization Design and Control

Leadership and Employee Behavior in International Business

International Marketing

International Operations Management

International Financial Management

International Human Resource Management and Labor Relations

Filters