Question 1

It is typically fairly easy for a firm to exploit worldwide learning, multinational flexibility, and global efficiencies simultaneously.

Accepted Answer

A) True 
 B)False

Question 2

What activities are involved in the strategy formulation and strategy implementation stages?

Accepted Answer

In the strategy formulation stage, the f

Question 3

________ may be defined in terms of geographic regions, markets, or product niches.

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 4

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 5

The primary goal of a(n) ________ is the creation of standardized goods and services that will address the needs of customers worldwide.

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 6

A conglomerate refers to firms comprising unrelated businesses.

Accepted Answer

A) True 
 B)False

Question 7

What type of strategy does IKEA follow?

Accepted Answer

IKEA follows a transnational s

Question 8

When using a(n) ________, a firm utilizes the core competency or firm-specific advantage it developed in the domestic market as its main competitive weapon in the foreign markets it enters.

Accepted Answer

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

Question 9

Disney uses the related diversification strategy.

Accepted Answer

A) True 
 B)False

Question 10

In ________, the firm develops the tactics for achieving the formulated international strategies.

Accepted Answer

A)  strategy development 
B)  strategy formulation 
C)  strategy implementation 
D)  strategy evaluation 
A)  strategy development 
B)  strategy formulation 
C)  strategy implementation 
D)  strategy evaluation

Question 11

What is the final step of formulating an international business strategy?

Accepted Answer

A)  developing a control framework 
B)  conducting an environmental scan 
C)  specifying tactical goals and plans 
D)  identifying relevant value chain activities 
A)  developing a control framework 
B)  conducting an environmental scan 
C)  specifying tactical goals and plans 
D)  identifying relevant value chain activities

Question 12

Which strategy calls for a firm to target specific types of products for certain customer groups or regions?

Accepted Answer

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

Question 13

Kraft Foods is more concerned with meeting the specific needs of local customers than with reducing manufacturing costs. Which strategy is most likely used by Kraft Foods?

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 14

What strategic management challenges are faced by international businesses that have business units scattered around the world? How can a business strategy help improve a firm's ability to compete?

Accepted Answer

Managers in an international business mu

Question 15

When managers develop, refine, and agree on which markets to enter or exit and how to best compete in each, the managers are engaged in the strategy ________ process.

Accepted Answer

A)  development 
B)  formulation 
C)  implementation 
D)  evaluation 
A)  development 
B)  formulation 
C)  implementation 
D)  evaluation

Question 16

What is a single-business strategy?

Accepted Answer

A single-business strategy cal

Question 17

Firms using a(n) ________ operate in several unrelated industries and markets.

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 18

A firm using a ________ strategy would most likely have a matrix structure, project teams, and informal management networks to transfer knowledge among subsidiaries.

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 19

What is the purpose of an environmental scan? Why is it important to perform an environmental scan when developing an international business strategy?

Accepted Answer

An environmental scan is a systematic co

Question 20

What is a related diversification strategy?

Accepted Answer

A related diversification stra

It is typically fairly easy for a firm to exploit worldwide learning, multinational flexibility, and global efficiencies simultaneously.

What activities are involved in the strategy formulation and strategy implementation stages?

________ may be defined in terms of geographic regions, markets, or product niches.

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

The primary goal of a(n) ________ is the creation of standardized goods and services that will address the needs of customers worldwide.

A conglomerate refers to firms comprising unrelated businesses.

What type of strategy does IKEA follow?

When using a(n) ________, a firm utilizes the core competency or firm-specific advantage it developed in the domestic market as its main competitive weapon in the foreign markets it enters.

Disney uses the related diversification strategy.

In ________, the firm develops the tactics for achieving the formulated international strategies.

What is the final step of formulating an international business strategy?

Which strategy calls for a firm to target specific types of products for certain customer groups or regions?

Kraft Foods is more concerned with meeting the specific needs of local customers than with reducing manufacturing costs. Which strategy is most likely used by Kraft Foods?

What strategic management challenges are faced by international businesses that have business units scattered around the world? How can a business strategy help improve a firm's ability to compete?

When managers develop, refine, and agree on which markets to enter or exit and how to best compete in each, the managers are engaged in the strategy ________ process.

What is a single-business strategy?

Firms using a(n) ________ operate in several unrelated industries and markets.

A firm using a ________ strategy would most likely have a matrix structure, project teams, and informal management networks to transfer knowledge among subsidiaries.

What is the purpose of an environmental scan? Why is it important to perform an environmental scan when developing an international business strategy?

What is a related diversification strategy?

An Overview of International Business

Global Marketplaces and Business Centers

Legal, Technological, Accounting, 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

It is typically fairly easy for a firm to exploit worldwide learning, multinational flexibility, and global efficiencies simultaneously.

What activities are involved in the strategy formulation and strategy implementation stages?

________ may be defined in terms of geographic regions, markets, or product niches.

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

The primary goal of a(n) ________ is the creation of standardized goods and services that will address the needs of customers worldwide.

A conglomerate refers to firms comprising unrelated businesses.

What type of strategy does IKEA follow?

When using a(n) ________, a firm utilizes the core competency or firm-specific advantage it developed in the domestic market as its main competitive weapon in the foreign markets it enters.

Disney uses the related diversification strategy.

In ________, the firm develops the tactics for achieving the formulated international strategies.

What is the final step of formulating an international business strategy?

Which strategy calls for a firm to target specific types of products for certain customer groups or regions?

Kraft Foods is more concerned with meeting the specific needs of local customers than with reducing manufacturing costs. Which strategy is most likely used by Kraft Foods?

What strategic management challenges are faced by international businesses that have business units scattered around the world? How can a business strategy help improve a firm's ability to compete?

When managers develop, refine, and agree on which markets to enter or exit and how to best compete in each, the managers are engaged in the strategy ________ process.

What is a single-business strategy?

Firms using a(n) ________ operate in several unrelated industries and markets.

A firm using a ________ strategy would most likely have a matrix structure, project teams, and informal management networks to transfer knowledge among subsidiaries.

What is the purpose of an environmental scan? Why is it important to perform an environmental scan when developing an international business strategy?

What is a related diversification strategy?

An Overview of International Business

Global Marketplaces and Business Centers

Legal, Technological, Accounting, 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