Question 1

Which of the following would be the most involved with strategic planning at Olson Pharmaceuticals, an MNE?

Accepted Answer

A)  Aaron, a top-level executive 
B)  Brenda, a middle manager 
C)  Carl, an operational manager 
D)  Debra, a functional executive 
A)  Aaron, a top-level executive 
B)  Brenda, a middle manager 
C)  Carl, an operational manager 
D)  Debra, a functional executive

Question 2

What strategic approach seeks to achieve local responsiveness and global efficiency?

Accepted Answer

The transnational st

Question 3

________ 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 4

The mission statement clarifies the organization's purpose, values, and directions.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following is LEAST likely a source of distinctive competence for a firm?

Accepted Answer

A)  well-respected brand name 
B)  superior organizational practices 
C)  cutting-edge technology 
D)  narrow product niche 
A)  well-respected brand name 
B)  superior organizational practices 
C)  cutting-edge technology 
D)  narrow product niche

Question 6

A(n) ________ calls for the firm to operate in several different but fundamentally related businesses, industries, or markets at the same time.

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 7

A decentralized structure is ideal for transferring learning from one subsidiary to another.

Accepted Answer

A) True 
 B)False

Question 8

Disney's name, image, and portfolio of characters are examples of which component of international strategy?

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

When Disney decides to make a low investment in its Tokyo park, a higher investment in Disneyland Paris, and a similar investment in Hong Kong's theme park, Disney is modifying which component of international strategy?

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 10

________ answers the question, "How can different elements of our business benefit each other?"

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 11

Harper Sportswear, an MNE, wants to improve its global efficiency. Which of the following would LEAST likely enable Harper to accomplish this goal?

Accepted Answer

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

Question 12

Sony designs its products with an international market in mind, so the firm most likely uses a ________.

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 13

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

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

Sony has cutting edge technology, efficient distribution networks, and superior organizational practices. These characteristics are most relevant to which component of international strategy?

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 15

Which strategy is likely the best for promoting global learning?

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 16

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

Accepted Answer

A) True 
 B)False

Question 17

What are the four basic components of strategy development? Explain the meaning of each component.

Accepted Answer

The four basic components of strategy de

Question 18

With the global 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 19

Which term was developed by Michael Porter to describe the firm's important activities, such as production, marketing, and HR management?

Accepted Answer

A)  control framework 
B)  economies of scale 
C)  supply network 
D)  value chain 
A)  control framework 
B)  economies of scale 
C)  supply network 
D)  value chain

Question 20

Garmin Footwear, an MNE, establishes facilities anywhere in the world that yields the lowest production or distribution costs. Garmin 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

Which of the following would be the most involved with strategic planning at Olson Pharmaceuticals, an MNE?

What strategic approach seeks to achieve local responsiveness and global efficiency?

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

The mission statement clarifies the organization's purpose, values, and directions.

Which of the following is LEAST likely a source of distinctive competence for a firm?

A(n) ________ calls for the firm to operate in several different but fundamentally related businesses, industries, or markets at the same time.

A decentralized structure is ideal for transferring learning from one subsidiary to another.

Disney's name, image, and portfolio of characters are examples of which component of international strategy?

When Disney decides to make a low investment in its Tokyo park, a higher investment in Disneyland Paris, and a similar investment in Hong Kong's theme park, Disney is modifying which component of international strategy?

________ answers the question, "How can different elements of our business benefit each other?"

Harper Sportswear, an MNE, wants to improve its global efficiency. Which of the following would LEAST likely enable Harper to accomplish this goal?

Sony designs its products with an international market in mind, so the firm most likely uses a ________.

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

Sony has cutting edge technology, efficient distribution networks, and superior organizational practices. These characteristics are most relevant to which component of international strategy?

Which strategy is likely the best for promoting global learning?

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

What are the four basic components of strategy development? Explain the meaning of each component.

With the global strategy ________.

Which term was developed by Michael Porter to describe the firm's important activities, such as production, marketing, and HR management?

Garmin Footwear, an MNE, establishes facilities anywhere in the world that yields the lowest production or distribution costs. Garmin most likely benefits from ________.

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

Which of the following would be the most involved with strategic planning at Olson Pharmaceuticals, an MNE?

What strategic approach seeks to achieve local responsiveness and global efficiency?

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

The mission statement clarifies the organization's purpose, values, and directions.

Which of the following is LEAST likely a source of distinctive competence for a firm?

A(n) ________ calls for the firm to operate in several different but fundamentally related businesses, industries, or markets at the same time.

A decentralized structure is ideal for transferring learning from one subsidiary to another.

Disney's name, image, and portfolio of characters are examples of which component of international strategy?

When Disney decides to make a low investment in its Tokyo park, a higher investment in Disneyland Paris, and a similar investment in Hong Kong's theme park, Disney is modifying which component of international strategy?

________ answers the question, "How can different elements of our business benefit each other?"

Harper Sportswear, an MNE, wants to improve its global efficiency. Which of the following would LEAST likely enable Harper to accomplish this goal?

Sony designs its products with an international market in mind, so the firm most likely uses a ________.

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

Sony has cutting edge technology, efficient distribution networks, and superior organizational practices. These characteristics are most relevant to which component of international strategy?

Which strategy is likely the best for promoting global learning?

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

What are the four basic components of strategy development? Explain the meaning of each component.

With the global strategy ________.

Which term was developed by Michael Porter to describe the firm's important activities, such as production, marketing, and HR management?

Garmin Footwear, an MNE, establishes facilities anywhere in the world that yields the lowest production or distribution costs. Garmin most likely benefits from ________.

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