Question 1

A company's mission statement often guides decisions such as which industries to enter or exit and how to compete in chosen segments.

Accepted Answer

A) True 
 B)False

Question 2

A mission statement ________.

Accepted Answer

A)  provides information to companies about highly specific operational plans 
B)  is a written statement of why a company exists and what it plans to accomplish 
C)  typically avoids identifying how corporate goals will affect stakeholders 
D)  is designed to inform suppliers of their responsibilities in meeting the company's goals 
A)  provides information to companies about highly specific operational plans 
B)  is a written statement of why a company exists and what it plans to accomplish 
C)  typically avoids identifying how corporate goals will affect stakeholders 
D)  is designed to inform suppliers of their responsibilities in meeting the company's goals

Question 3

Decentralized decision-making is beneficial when ________.

Accepted Answer

A)  one subsidiary's output is another's input 
B)  fast-changing national business environments put a premium on local responsiveness 
C)  a company needs to create a global organizational culture 
D)  all of the above 
A)  one subsidiary's output is another's input 
B)  fast-changing national business environments put a premium on local responsiveness 
C)  a company needs to create a global organizational culture 
D)  all of the above

Question 4

Scenario: Beanstalk International
Beanstalk International is rapidly growing. The company wants to follow a strategy of adapting its products and marketing in each national market to suit local preferences. Beanstalk is intent on creating value for its customers.
-Beanstalk managers know the drawback of such a strategy is that it ________.

Accepted Answer

A)  does not allow companies to exploit scale economies in product development, manufacturing, and marketing 
B)  can cause a company to overlook important differences in buyer preferences from one market to another 
C)  is applicable to industries in which price-competitiveness is a key success factor 
D)  none of the above 
A)  does not allow companies to exploit scale economies in product development, manufacturing, and marketing 
B)  can cause a company to overlook important differences in buyer preferences from one market to another 
C)  is applicable to industries in which price-competitiveness is a key success factor 
D)  none of the above

Question 5

The strategy formulation process involves both ________ and ________.

Accepted Answer

The answer of The strategy formulation process involves both ________...

Question 6

All parties, ranging from suppliers and employees to stockholders and consumers, who are affected by a company's activities are referred to as ________.

Accepted Answer

The answer of All parties, ranging from suppliers and employees...

Question 7

The way in which a company divides its activities among separate units and coordinates activities among those units is referred to as ________.

Accepted Answer

A)  process planning 
B)  organizational structure 
C)  capacity planning 
D)  mission and objectives 
A)  process planning 
B)  organizational structure 
C)  capacity planning 
D)  mission and objectives

Question 8

Briefly describe the three generic business-level strategies, providing an example of each.

Accepted Answer

The answer of Briefly describe the three generic business-level strategies,...

Question 9

A well-defined strategy ________.

Accepted Answer

A)  helps a company compete effectively in increasingly competitive international markets 
B)  serves to coordinate a company's various divisions and departments so it reaches its company-wide goals in the most effective manner possible 
C)  focuses a company on the activities it performs best 
D)  all of the above 
A)  helps a company compete effectively in increasingly competitive international markets 
B)  serves to coordinate a company's various divisions and departments so it reaches its company-wide goals in the most effective manner possible 
C)  focuses a company on the activities it performs best 
D)  all of the above

Question 10

Scenario: Beanstalk International
Beanstalk International is rapidly growing. The company wants to follow a strategy of adapting its products and marketing in each national market to suit local preferences. Beanstalk is intent on creating value for its customers.
-Beanstalk managers should conduct which of these to identify company activities that create value for its customers?

Accepted Answer

A)  Mission statement analysis 
B)  Competitive analysis 
C)  Value chain analysis 
D)  Process and capacity planning 
A)  Mission statement analysis 
B)  Competitive analysis 
C)  Value chain analysis 
D)  Process and capacity planning

Question 11

The main drawback of a(n) ________ strategy is that it does not allow companies to exploit scale economies in product development, manufacturing, or marketing.

Accepted Answer

The answer of The main drawback of a(n) ________ strategy...

Question 12

Because the international division structure concentrates international expertise in one division, divisional managers become specialists in a wide variety of activities such as foreign exchange, export documentation, and host-government lobbying.

Accepted Answer

A) True 
 B)False

Question 13

Which of the following is not a way that products can be differentiated?

Accepted Answer

A)  Quality 
B)  Design 
C)  Accounting methods 
D)  Brand image 
A)  Quality 
B)  Design 
C)  Accounting methods 
D)  Brand image

Question 14

A multinational strategy is most appropriate for companies that do not have foreign direct investments but rather export their products to foreign markets.

Accepted Answer

A) True 
 B)False

Question 15

Centralized decision making is beneficial when fast-changing national business environments put a premium on local responsiveness.

Accepted Answer

A) True 
 B)False

Question 16

A multinational strategy is best suited to industries in which price competitiveness is a key success factor.

Accepted Answer

A) True 
 B)False

Question 17

Organic growth refers to corporate strategy relying on ________.

Accepted Answer

A)  mergers and acquisitions 
B)  joint venture growth 
C)  internally generated growth 
D)  strategic alliance growth 
A)  mergers and acquisitions 
B)  joint venture growth 
C)  internally generated growth 
D)  strategic alliance growth

Question 18

Companies following a ________ strategy tend to perform product R&D in one, or a few, locations and typically design promotional campaigns and advertising strategies at headquarters.

Accepted Answer

The answer of Companies following a ________ strategy tend to...

Question 19

Scenario: TeleToys International
TeleToys International, a U.S.-based company, recently opened 18 toy stores in Brazil, acquired a women's clothing store company in Canada, and closed its men's clothing store chain in Australia. The company has a structure that organizes its global operations into geographic regions.
-The company's organizational structure can best be referred to as a(n) ________ structure.

Accepted Answer

A)  international division 
B)  global product 
C)  global matrix 
D)  international area 
A)  international division 
B)  global product 
C)  global matrix 
D)  international area

Question 20

To be the largest global company in each industry in which we compete is an example of an objective at the ________.

Accepted Answer

A)  individual department level 
B)  business-unit level 
C)  consumer level 
D)  corporate level 
A)  individual department level 
B)  business-unit level 
C)  consumer level 
D)  corporate level

A company's mission statement often guides decisions such as which industries to enter or exit and how to compete in chosen segments.

A mission statement ________.

Decentralized decision-making is beneficial when ________.

The strategy formulation process involves both and .

All parties, ranging from suppliers and employees to stockholders and consumers, who are affected by a company's activities are referred to as ________.

The way in which a company divides its activities among separate units and coordinates activities among those units is referred to as ________.

Briefly describe the three generic business-level strategies, providing an example of each.

A well-defined strategy ________.

The main drawback of a(n) ________ strategy is that it does not allow companies to exploit scale economies in product development, manufacturing, or marketing.

Because the international division structure concentrates international expertise in one division, divisional managers become specialists in a wide variety of activities such as foreign exchange, export documentation, and host-government lobbying.

Which of the following is not a way that products can be differentiated?

A multinational strategy is most appropriate for companies that do not have foreign direct investments but rather export their products to foreign markets.

Centralized decision making is beneficial when fast-changing national business environments put a premium on local responsiveness.

A multinational strategy is best suited to industries in which price competitiveness is a key success factor.

Organic growth refers to corporate strategy relying on ________.

Companies following a ________ strategy tend to perform product R&D in one, or a few, locations and typically design promotional campaigns and advertising strategies at headquarters.

To be the largest global company in each industry in which we compete is an example of an objective at the ________.

Globalization

Cross-Cultrual Busines

Politics, Law, and Business Ethics

Economic Systems and Development

International Trade

Business-Government Trade Relations

Foreign Direct Investment

Regional Economic Integration

International Financial Markets

International Money System

Analyzing International Opportunities

Selecting and Managing Entry Modes

Developing and Marketing Products

Managing International Operations

Hiring and Managing Employees

Filters

Exam 11: International Strategy and Organization

A company's mission statement often guides decisions such as which industries to enter or exit and how to compete in chosen segments.

A mission statement ________.

Decentralized decision-making is beneficial when ________.

The strategy formulation process involves both ________ and ________.

All parties, ranging from suppliers and employees to stockholders and consumers, who are affected by a company's activities are referred to as ________.

The way in which a company divides its activities among separate units and coordinates activities among those units is referred to as ________.

Briefly describe the three generic business-level strategies, providing an example of each.

A well-defined strategy ________.

The main drawback of a(n) ________ strategy is that it does not allow companies to exploit scale economies in product development, manufacturing, or marketing.

Because the international division structure concentrates international expertise in one division, divisional managers become specialists in a wide variety of activities such as foreign exchange, export documentation, and host-government lobbying.

Which of the following is not a way that products can be differentiated?

A multinational strategy is most appropriate for companies that do not have foreign direct investments but rather export their products to foreign markets.

Centralized decision making is beneficial when fast-changing national business environments put a premium on local responsiveness.

A multinational strategy is best suited to industries in which price competitiveness is a key success factor.

Organic growth refers to corporate strategy relying on ________.

Companies following a ________ strategy tend to perform product R&D in one, or a few, locations and typically design promotional campaigns and advertising strategies at headquarters.

To be the largest global company in each industry in which we compete is an example of an objective at the ________.

Globalization

Cross-Cultrual Busines

Politics, Law, and Business Ethics

Economic Systems and Development

International Trade

Business-Government Trade Relations

Foreign Direct Investment

Regional Economic Integration

International Financial Markets

International Money System

Analyzing International Opportunities

Selecting and Managing Entry Modes

Developing and Marketing Products

Managing International Operations

Hiring and Managing Employees

Filters

The strategy formulation process involves both and .