Question 1

Free-market economies tend to levy high taxes on business profits whereas socialist economic systems normally levy lighter taxes.

Accepted Answer

A) True 
 B)False

Question 2

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)  organizational structure 
B)  organizational network analysis 
C)  organizational diagnostics 
D)  organizational climate 
A)  organizational structure 
B)  organizational network analysis 
C)  organizational diagnostics 
D)  organizational climate

Question 3

A(n)________ structure is best suited to companies that treat each national market as unique due to the vast cultural,political,or economic differences between nations.

Accepted Answer

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

Question 4

Which of the following strategies is appropriate for companies in industries where buyer preferences do not converge across national borders?

Accepted Answer

A)  retrenchment strategy 
B)  global strategy 
C)  multidomestic strategy 
D)  mass customization strategy 
A)  retrenchment strategy 
B)  global strategy 
C)  multidomestic strategy 
D)  mass customization strategy

Question 5

What strategy involves adapting products and their marketing strategies to national markets to suite local preferences?

Accepted Answer

A)  Global strategy 
B)  Stability strategy 
C)  Multinational strategy 
D)  Low cost leadership 
A)  Global strategy 
B)  Stability strategy 
C)  Multinational strategy 
D)  Low cost leadership

Question 6

A retrenchment strategy is designed to ________.

Accepted Answer

A)  encourage growth through joint ventures 
B)  reduce the scale or scope of a corporation's operations 
C)  focus exclusively on internally generated growth 
D)  guard against organizational change 
A)  encourage growth through joint ventures 
B)  reduce the scale or scope of a corporation's operations 
C)  focus exclusively on internally generated growth 
D)  guard against organizational change

Question 7

A global matrix structure is an organizational structure that divides worldwide operations according to a company's product areas.

Accepted Answer

A) True 
 B)False

Question 8

Scenario: TeleToys Inc.
TeleToys Inc., a U.S.-based company, recently opened eighteen new toy stores in Brazil, acquired a women's clothing company in Canada, and closed its men's clothing line in Australia. The company has a structure that organizes its global operations into geographic regions.
-Which of the following strategies should TeleToys follow if it wants buyers to perceive its products as unique?

Accepted Answer

A)  retrenchment strategy 
B)  global strategy 
C)  differentiation strategy 
D)  low-cost leadership strategy 
A)  retrenchment strategy 
B)  global strategy 
C)  differentiation strategy 
D)  low-cost leadership strategy

Question 9

The main benefit of a multinational strategy is that it allows companies to monitor buyer preferences closely in each local market.

Accepted Answer

A) True 
 B)False

Question 10

Scenario: Beanstalk International
Beanstalk International is a rapidly growing company with well-established subsidiaries in several nations. The company wants to follow a strategy of adapting its products and marketing activities in each national market to suit local preferences. This strategy aims at creating value for its customers.
-The strategy that Beanstalk would most likely want to follow is called a ________ strategy.

Accepted Answer

A)  multinational 
B)  retrenchment 
C)  global 
D)  stability 
A)  multinational 
B)  retrenchment 
C)  global 
D)  stability

Question 11

A strategy designed to reduce the scale or scope of a corporation's business is called a ________ strategy.

Accepted Answer

A)  growth 
B)  differentiation 
C)  retrenchment 
D)  stability 
A)  growth 
B)  differentiation 
C)  retrenchment 
D)  stability

Question 12

Companies that pursue the low-cost leadership position also try to contain administrative costs and the costs of activities,including marketing,advertising,and distribution.

Accepted Answer

A) True 
 B)False

Question 13

A joint venture is an example of a growth strategy of an organization.

Accepted Answer

A) True 
 B)False

Question 14

Scenario: Beanstalk International
Beanstalk International is a rapidly growing company with well-established subsidiaries in several nations. The company wants to follow a strategy of adapting its products and marketing activities in each national market to suit local preferences. This strategy aims at creating value for its customers.
-Which of the following is a primary activity that creates value for Beanstalk's customers?

Accepted Answer

A)  firm infrastructure 
B)  procurement 
C)  human resource management 
D)  inbound logistics 
A)  firm infrastructure 
B)  procurement 
C)  human resource management 
D)  inbound logistics

Question 15

Decentralization can help foster participative management practices.

Accepted Answer

A) True 
 B)False

Question 16

A ________ strategy is one in which a company designs its products to be perceived by buyers as unique throughout its industry.

Accepted Answer

A)  differentiation 
B)  stability 
C)  low-cost leadership 
D)  retrenchment 
A)  differentiation 
B)  stability 
C)  low-cost leadership 
D)  retrenchment

Question 17

Adapting products and their marketing strategies in each of the national markets of a company to suit local preferences is called a ________ strategy.

Accepted Answer

A)  multinational 
B)  blue ocean 
C)  global 
D)  retrenchment 
A)  multinational 
B)  blue ocean 
C)  global 
D)  retrenchment

Question 18

Core competencies are developed by organizations over long periods of time.

Accepted Answer

A) True 
 B)False

Question 19

Objectives at the highest level in a company are always stated in the most specific terms.

Accepted Answer

A) True 
 B)False

Question 20

________ is the process of identifying and selecting an organization's objectives and deciding how the organization will achieve those objectives.

Accepted Answer

A)  Stratification 
B)  Planning 
C)  Economic transition 
D)  Value chain analysis 
A)  Stratification 
B)  Planning 
C)  Economic transition 
D)  Value chain analysis

Free-market economies tend to levy high taxes on business profits whereas socialist economic systems normally levy lighter taxes.

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

A(n)________ structure is best suited to companies that treat each national market as unique due to the vast cultural,political,or economic differences between nations.

Which of the following strategies is appropriate for companies in industries where buyer preferences do not converge across national borders?

What strategy involves adapting products and their marketing strategies to national markets to suite local preferences?

A retrenchment strategy is designed to ________.

A global matrix structure is an organizational structure that divides worldwide operations according to a company's product areas.

The main benefit of a multinational strategy is that it allows companies to monitor buyer preferences closely in each local market.

A strategy designed to reduce the scale or scope of a corporation's business is called a ________ strategy.

Companies that pursue the low-cost leadership position also try to contain administrative costs and the costs of activities,including marketing,advertising,and distribution.

A joint venture is an example of a growth strategy of an organization.

Decentralization can help foster participative management practices.

A ________ strategy is one in which a company designs its products to be perceived by buyers as unique throughout its industry.

Adapting products and their marketing strategies in each of the national markets of a company to suit local preferences is called a ________ strategy.

Core competencies are developed by organizations over long periods of time.

Objectives at the highest level in a company are always stated in the most specific terms.

________ is the process of identifying and selecting an organization's objectives and deciding how the organization will achieve those objectives.

Globalization

Cross-Cultural Business

Political Economy and Ethics

Economic Development of Nations

International Trade Theory

Political Economy of Trade

Foreign Direct Investment

Regional Economic Integration

International Financial Markets

International Monetary 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

Free-market economies tend to levy high taxes on business profits whereas socialist economic systems normally levy lighter taxes.

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

A(n)________ structure is best suited to companies that treat each national market as unique due to the vast cultural,political,or economic differences between nations.

Which of the following strategies is appropriate for companies in industries where buyer preferences do not converge across national borders?

What strategy involves adapting products and their marketing strategies to national markets to suite local preferences?

A retrenchment strategy is designed to ________.

A global matrix structure is an organizational structure that divides worldwide operations according to a company's product areas.

The main benefit of a multinational strategy is that it allows companies to monitor buyer preferences closely in each local market.

A strategy designed to reduce the scale or scope of a corporation's business is called a ________ strategy.

Companies that pursue the low-cost leadership position also try to contain administrative costs and the costs of activities,including marketing,advertising,and distribution.

A joint venture is an example of a growth strategy of an organization.

Decentralization can help foster participative management practices.

A ________ strategy is one in which a company designs its products to be perceived by buyers as unique throughout its industry.

Adapting products and their marketing strategies in each of the national markets of a company to suit local preferences is called a ________ strategy.

Core competencies are developed by organizations over long periods of time.

Objectives at the highest level in a company are always stated in the most specific terms.

________ is the process of identifying and selecting an organization's objectives and deciding how the organization will achieve those objectives.

Globalization

Cross-Cultural Business

Political Economy and Ethics

Economic Development of Nations

International Trade Theory

Political Economy of Trade

Foreign Direct Investment

Regional Economic Integration

International Financial Markets

International Monetary System

Analyzing International Opportunities

Selecting and Managing Entry Modes

Developing and Marketing Products

Managing International Operations

Hiring and Managing Employees

Filters