Question 1

In developing nations _____.

Accepted Answer

A)  first movers may be able to obtain stakeholder-based advantages such as contractual and informational relationships with host governments and organizations 
B)  second movers may be able to obtain stakeholder-based advantages such as contractual and informational relationships with host governments and organizations 
C)  late movers may be able to obtain stakeholder-based advantages such as contractual and informational relationships with host governments and organizations 
D)  there is no opportunity to build stakeholder-based advantages such as contractual and informational relationships with host governments and organizations 
E)  there is no advantage from building contractual and informational relationships with host governments and organizations 
A)  first movers may be able to obtain stakeholder-based advantages such as contractual and informational relationships with host governments and organizations 
B)  second movers may be able to obtain stakeholder-based advantages such as contractual and informational relationships with host governments and organizations 
C)  late movers may be able to obtain stakeholder-based advantages such as contractual and informational relationships with host governments and organizations 
D)  there is no opportunity to build stakeholder-based advantages such as contractual and informational relationships with host governments and organizations 
E)  there is no advantage from building contractual and informational relationships with host governments and organizations

Question 2

Licensing involves _____.

Accepted Answer

A)  transferring goods to other countries for sale through wholesalers or a foreign company 
B)  selling the right to produce and/or sell a brand name product in a foreign market 
C)  a cooperative agreement among two or more companies to pursue common business objectives 
D)  starting a venture from scratch 
E)  purchasing a foreign firm or the foreign subsidiary of foreign or domestic firms 
A)  transferring goods to other countries for sale through wholesalers or a foreign company 
B)  selling the right to produce and/or sell a brand name product in a foreign market 
C)  a cooperative agreement among two or more companies to pursue common business objectives 
D)  starting a venture from scratch 
E)  purchasing a foreign firm or the foreign subsidiary of foreign or domestic firms

Question 3

What are some of the questions that a firm should ask about a potential market before entering that market?

Accepted Answer

a. Questions regarding social forces:
•

Question 4

Franchising involves _____.

Accepted Answer

A)  transferring goods to other countries for sale through wholesalers or a foreign company 
B)  a cooperative agreement among two or more companies to pursue common business objectives 
C)  starting a venture from scratch 
D)  purchasing a foreign firm or the foreign subsidiary of foreign or domestic firms 
E)  a firm buying the legal right to use the name and operating methods of a foreign firm in its home country 
A)  transferring goods to other countries for sale through wholesalers or a foreign company 
B)  a cooperative agreement among two or more companies to pursue common business objectives 
C)  starting a venture from scratch 
D)  purchasing a foreign firm or the foreign subsidiary of foreign or domestic firms 
E)  a firm buying the legal right to use the name and operating methods of a foreign firm in its home country

Question 5

A transnational product/market strategy seeks _____.

Accepted Answer

A)  to focus on the satisfaction of segmented customer needs 
B)  to apply only to consumer goods 
C)  produce one product design and market it similarly throughout the world 
D)  to ensure that product design, assembly, and marketing are handled on a country-by-country basis 
E)  both global efficiency and local responsiveness 
A)  to focus on the satisfaction of segmented customer needs 
B)  to apply only to consumer goods 
C)  produce one product design and market it similarly throughout the world 
D)  to ensure that product design, assembly, and marketing are handled on a country-by-country basis 
E)  both global efficiency and local responsiveness

Question 6

In Porter's Competitive Advantage of Nations, the most important demand condition is _____.

Accepted Answer

A)  the discriminating nature of the purchasing decisions for a given product by consumers in that nation 
B)  the market size for a given product in that nation 
C)  the total market size for a given product around the world 
D)  whether or not economies of scale will be obtained by manufacturers of that product in that nation 
E)  whether or not that given industry is one which will attract the most talented workers in the nation 
A)  the discriminating nature of the purchasing decisions for a given product by consumers in that nation 
B)  the market size for a given product in that nation 
C)  the total market size for a given product around the world 
D)  whether or not economies of scale will be obtained by manufacturers of that product in that nation 
E)  whether or not that given industry is one which will attract the most talented workers in the nation

Question 7

The world's growth center for the twenty-first century is predicted to shift to _____.

Accepted Answer

A)  the European Union 
B)  the United States 
C)  Asia 
D)  Latin America 
E)  the newly independent states of the former Soviet Union and Russia 
A)  the European Union 
B)  the United States 
C)  Asia 
D)  Latin America 
E)  the newly independent states of the former Soviet Union and Russia

Question 8

When comparing Porter's Competitive Advantage of Nations to his industry Five Forces model, it is noticeable that _____.

Accepted Answer

A)  the models are very similar 
B)  they both emphasize the power of buyers 
C)  they view the role of competition differently 
D)  both emphasize the role of the individual 
E)  both view negatively the role of related industries 
A)  the models are very similar 
B)  they both emphasize the power of buyers 
C)  they view the role of competition differently 
D)  both emphasize the role of the individual 
E)  both view negatively the role of related industries

In developing nations _____.

Licensing involves _____.

What are some of the questions that a firm should ask about a potential market before entering that market?

Franchising involves _____.

A transnational product/market strategy seeks _____.

In Porter's Competitive Advantage of Nations, the most important demand condition is _____.

The world's growth center for the twenty-first century is predicted to shift to _____.

When comparing Porter's Competitive Advantage of Nations to his industry Five Forces model, it is noticeable that _____.

Strategic Management

The Environment and External Stakeholders

Strategic Direction

Organizational Resources and Competitive Advantage

Strategy Formulation at the Business-Unit Level

Corporate-Level Strategy and Restructuring

Strategy Implementation Through Interorganizational Relationships and Management of Functional Resources

Strategy Implementation Through Organizational Design and Control

Strategies for Entrepreneurship and Innovation

Filters

Exam 10: Global Strategic Management and the Future

In developing nations _____.

Licensing involves _____.

What are some of the questions that a firm should ask about a potential market before entering that market?

Franchising involves _____.

A transnational product/market strategy seeks _____.

In Porter's Competitive Advantage of Nations, the most important demand condition is _____.

The world's growth center for the twenty-first century is predicted to shift to _____.

When comparing Porter's Competitive Advantage of Nations to his industry Five Forces model, it is noticeable that _____.

Strategic Management

The Environment and External Stakeholders

Strategic Direction

Organizational Resources and Competitive Advantage

Strategy Formulation at the Business-Unit Level

Corporate-Level Strategy and Restructuring

Strategy Implementation Through Interorganizational Relationships and Management of Functional Resources

Strategy Implementation Through Organizational Design and Control

Strategies for Entrepreneurship and Innovation

Filters