Question 1

________ involves acquiring products made abroad and selling them domestically.

Accepted Answer

A)  Exporting 
B)  Importing 
C)  Licensing 
D)  Franchising 
E)  Focusing 
A)  Exporting 
B)  Importing 
C)  Licensing 
D)  Franchising 
E)  Focusing

Question 2

A subsidiary in a multidomestic organization is managed through

Accepted Answer

A)  transnational control. 
B)  globalized control. 
C)  centralized control. 
D)  local control. 
E)  None of the answer choices is correct. 
A)  transnational control. 
B)  globalized control. 
C)  centralized control. 
D)  local control. 
E)  None of the answer choices is correct.

Question 3

A ________ approach is one in which the organization's strategies vary according to the country in which it does business.

Accepted Answer

A)  global 
B)  multicountry 
C)  transnational 
D)  differentiated 
E)  integrated 
A)  global 
B)  multicountry 
C)  transnational 
D)  differentiated 
E)  integrated

Question 4

The global approach to strategy is designed to help develop a (n)________ advantage.

Accepted Answer

A)  low-cost 
B)  differentiation 
C)  integrated 
D)  niche 
E)  None of the above 
A)  low-cost 
B)  differentiation 
C)  integrated 
D)  niche 
E)  None of the above

Question 5

Organizations wanting to do business in countries with low stability levels face great certainty.

Accepted Answer

A) True 
 B)False

Question 6

What is the difference between a free market and a planned economy?

Accepted Answer

Countries have different types of econom

Question 7

Which of the following involves the greatest commitment of resources and poses the greatest amount of risk?

Accepted Answer

A)  Global sourcing 
B)  Exporting and importing 
C)  Licensing 
D)  Franchising 
E)  Foreign subsidiary 
A)  Global sourcing 
B)  Exporting and importing 
C)  Licensing 
D)  Franchising 
E)  Foreign subsidiary

Question 8

When a company says, "We don't want people to think we're based anyplace," the company is organized as a

Accepted Answer

A)  transnational organization. 
B)  global company. 
C)  multidomestic corporation. 
D)  focused corporation. 
A)  transnational organization. 
B)  global company. 
C)  multidomestic corporation. 
D)  focused corporation.

Question 9

International strategy is a corporate strategy that describes companies that do business in multiple countries simultaneously.

Accepted Answer

A) True 
 B)False

Question 10

When Walmart Stores "thinks locally to act globally," it is most likely approaching the global market as a

Accepted Answer

A)  global company. 
B)  transnational organization. 
C)  borderless organization. 
D)  multidomestic corporation. 
E)  None of the answer choices is correct. 
A)  global company. 
B)  transnational organization. 
C)  borderless organization. 
D)  multidomestic corporation. 
E)  None of the answer choices is correct.

Question 11

A ________ eliminates artificial geographic barriers.

Accepted Answer

A)  transnational organization 
B)  multidomestic corporation 
C)  global company 
D)  focused organization 
A)  transnational organization 
B)  multidomestic corporation 
C)  global company 
D)  focused organization

Question 12

Vietnam and North Korea are examples of planned economies.

Accepted Answer

A) True 
 B)False

Question 13

One type of MNC is a

Accepted Answer

A)  multidomestic corporation. 
B)  transformational company. 
C)  border organization 
D)  All of the above answer choices are correct 
E)  None of the answer choices is correct. 
A)  multidomestic corporation. 
B)  transformational company. 
C)  border organization 
D)  All of the above answer choices are correct 
E)  None of the answer choices is correct.

Question 14

Quality issues are a potential advantage of going international.

Accepted Answer

A) True 
 B)False

Question 15

Global political risk is minimized when a firm goes international.

Accepted Answer

A) True 
 B)False

Question 16

A free market economy is one in which resources are primarily owned and controlled by the private sector.

Accepted Answer

A) True 
 B)False

Question 17

A subsidiary in a global organization is managed through

Accepted Answer

A)  local control. 
B)  decentralized control. 
C)  centralized control. 
D)  national control. 
E)  None of the answer choices is correct. 
A)  local control. 
B)  decentralized control. 
C)  centralized control. 
D)  national control. 
E)  None of the answer choices is correct.

Question 18

One of the countries that Megan Mulcahy wants to enter is North Korea. You explain to her that North Korea is a ________ economy because economic decisions are planned by a central government.

Accepted Answer

A)  tourist 
B)  planned 
C)  free market 
D)  focused 
E)  differentiated 
A)  tourist 
B)  planned 
C)  free market 
D)  focused 
E)  differentiated

Question 19

The legal-political environment in the United States is stable.

Accepted Answer

A) True 
 B)False

Question 20

Ms. Mulcahy wants to understand the advantages of being international. Which of the following would you suggest?

Accepted Answer

A)  Interdependencies among multiple countries can be exploited. 
B)  Potentially higher operational costs 
C)  Increased global competition for jobs, markets, and talents 
D)  Quality issues 
E)  None of the answer choices is correct. 
A)  Interdependencies among multiple countries can be exploited. 
B)  Potentially higher operational costs 
C)  Increased global competition for jobs, markets, and talents 
D)  Quality issues 
E)  None of the answer choices is correct.

________ involves acquiring products made abroad and selling them domestically.

A subsidiary in a multidomestic organization is managed through

A ________ approach is one in which the organization's strategies vary according to the country in which it does business.

The global approach to strategy is designed to help develop a (n)________ advantage.

Organizations wanting to do business in countries with low stability levels face great certainty.

What is the difference between a free market and a planned economy?

Which of the following involves the greatest commitment of resources and poses the greatest amount of risk?

When a company says, "We don't want people to think we're based anyplace," the company is organized as a

International strategy is a corporate strategy that describes companies that do business in multiple countries simultaneously.

When Walmart Stores "thinks locally to act globally," it is most likely approaching the global market as a

A ________ eliminates artificial geographic barriers.

Vietnam and North Korea are examples of planned economies.

One type of MNC is a

Quality issues are a potential advantage of going international.

Global political risk is minimized when a firm goes international.

A free market economy is one in which resources are primarily owned and controlled by the private sector.

A subsidiary in a global organization is managed through

One of the countries that Megan Mulcahy wants to enter is North Korea. You explain to her that North Korea is a ________ economy because economic decisions are planned by a central government.

The legal-political environment in the United States is stable.

Ms. Mulcahy wants to understand the advantages of being international. Which of the following would you suggest?

Introducing the Concepts

The Context of Managing Strategically

Assessing Opportunities and Threats: Doing an External Analysis

Assessing Strengths and Weaknesses: Doing an Internal Analysis

Functional and Competitive Strategies

Corporate Strategies

Module Special Topics in Strategy

Filters

Exam 7: International Strategies

________ involves acquiring products made abroad and selling them domestically.

A subsidiary in a multidomestic organization is managed through

A ________ approach is one in which the organization's strategies vary according to the country in which it does business.

The global approach to strategy is designed to help develop a (n)________ advantage.

Organizations wanting to do business in countries with low stability levels face great certainty.

What is the difference between a free market and a planned economy?

Which of the following involves the greatest commitment of resources and poses the greatest amount of risk?

When a company says, "We don't want people to think we're based anyplace," the company is organized as a

International strategy is a corporate strategy that describes companies that do business in multiple countries simultaneously.

When Walmart Stores "thinks locally to act globally," it is most likely approaching the global market as a

A ________ eliminates artificial geographic barriers.

Vietnam and North Korea are examples of planned economies.

One type of MNC is a

Quality issues are a potential advantage of going international.

Global political risk is minimized when a firm goes international.

A free market economy is one in which resources are primarily owned and controlled by the private sector.

A subsidiary in a global organization is managed through

One of the countries that Megan Mulcahy wants to enter is North Korea. You explain to her that North Korea is a ________ economy because economic decisions are planned by a central government.

The legal-political environment in the United States is stable.

Ms. Mulcahy wants to understand the advantages of being international. Which of the following would you suggest?

Introducing the Concepts

The Context of Managing Strategically

Assessing Opportunities and Threats: Doing an External Analysis

Assessing Strengths and Weaknesses: Doing an Internal Analysis

Functional and Competitive Strategies

Corporate Strategies

Module Special Topics in Strategy

Filters