Question 1

A business-level strategy in which a company exploits economies of scale is called a ________.

Accepted Answer

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

Question 2

The purpose of a combination strategy is to mix growth,retrenchment,and stability strategies across a corporation's business units.

Accepted Answer

A) True 
 B)False

Question 3

Which of the following is a special ability of a company that competitors find extremely difficult to equal?

Accepted Answer

A)  comparative advantage 
B)  absolute advantage 
C)  core competency 
D)  economy of scale 
A)  comparative advantage 
B)  absolute advantage 
C)  core competency 
D)  economy of scale

Question 4

A multinational strategy should allow a company to charge higher prices and/or gain market share.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following strategies is designed to increase the scale or scope of a corporation's operations?

Accepted Answer

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

Question 6

Describe any three organizational structures that are common for a vast majority of international companies.

Accepted Answer

An international division structure sepa

Question 7

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 should managers at Beanstalk conduct to identify and distinguish between the primary and support activities in the organization?

Accepted Answer

A)  fundamental analysis 
B)  structural analysis 
C)  value chain analysis 
D)  technical analysis 
A)  fundamental analysis 
B)  structural analysis 
C)  value chain analysis 
D)  technical analysis

Question 8

Global products are most commonly seen in industries where there is ________.

Accepted Answer

A)  little convergence of buyer preference across national borders 
B)  low pressure to contain costs 
C)  high demand for customized products 
D)  significant price competition 
A)  little convergence of buyer preference across national borders 
B)  low pressure to contain costs 
C)  high demand for customized products 
D)  significant price competition

Question 9

In an International Area Structure,a general manager is assigned to each country or region,and each geographic division operates as a self-contained unit,with decision making the responsibility of the country or regional managers.

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.
-Beanstalk managers know that the drawback of such an adaptive 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 across various markets 
C)  is applicable only to industries in which price-competitiveness is a key success factor 
D)  does not allow a company to modify its products except for the most superficial features 
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 across various markets 
C)  is applicable only to industries in which price-competitiveness is a key success factor 
D)  does not allow a company to modify its products except for the most superficial features

Question 11

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.
-TeleToys' 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 12

Companies that typically design promotional campaigns and advertising strategies at their headquarters are most likely to follow a ________ strategy.

Accepted Answer

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

Question 13

________ teams can help break down barriers between departments and reorganize operations around processes in an organization.

Accepted Answer

A)  Cross-functional 
B)  Self-managed 
C)  Global 
D)  Virtual 
A)  Cross-functional 
B)  Self-managed 
C)  Global 
D)  Virtual

Question 14

What strategy involves a company working on serving the needs of a narrowly defined market segment?

Accepted Answer

A)  differentiation strategy 
B)  focus strategy 
C)  stability strategy 
D)  retrenchment strategy 
A)  differentiation strategy 
B)  focus strategy 
C)  stability strategy 
D)  retrenchment strategy

Question 15

A main goal of the global product structure is to bring together geographic and product area managers in joint decision making.

Accepted Answer

A) True 
 B)False

Question 16

A global strategy entails having a separate strategy for each nation in which a company markets its products.

Accepted Answer

A) True 
 B)False

Question 17

A company that is closing factories with unused capacity and laying-off workers is most likely following a ________ strategy.

Accepted Answer

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

Question 18

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 features is TeleToys least likely to use in order to create a perception of having unique products?

Accepted Answer

A)  brand image 
B)  reputation for quality 
C)  product design 
D)  low cost 
A)  brand image 
B)  reputation for quality 
C)  product design 
D)  low cost

Question 19

A ________ is a course of actions taken by managers to help a company meet its objectives.

Accepted Answer

A)  mission statement 
B)  vision 
C)  strategy 
D)  core competency 
A)  mission statement 
B)  vision 
C)  strategy 
D)  core competency

Question 20

A focus strategy works best with mass-marketed products aimed at price-sensitive buyers.

Accepted Answer

A) True 
 B)False

A business-level strategy in which a company exploits economies of scale is called a ________.

The purpose of a combination strategy is to mix growth,retrenchment,and stability strategies across a corporation's business units.

Which of the following is a special ability of a company that competitors find extremely difficult to equal?

A multinational strategy should allow a company to charge higher prices and/or gain market share.

Which of the following strategies is designed to increase the scale or scope of a corporation's operations?

Describe any three organizational structures that are common for a vast majority of international companies.

Global products are most commonly seen in industries where there is ________.

In an International Area Structure,a general manager is assigned to each country or region,and each geographic division operates as a self-contained unit,with decision making the responsibility of the country or regional managers.

Companies that typically design promotional campaigns and advertising strategies at their headquarters are most likely to follow a ________ strategy.

________ teams can help break down barriers between departments and reorganize operations around processes in an organization.

What strategy involves a company working on serving the needs of a narrowly defined market segment?

A main goal of the global product structure is to bring together geographic and product area managers in joint decision making.

A global strategy entails having a separate strategy for each nation in which a company markets its products.

A company that is closing factories with unused capacity and laying-off workers is most likely following a ________ strategy.

A ________ is a course of actions taken by managers to help a company meet its objectives.

A focus strategy works best with mass-marketed products aimed at price-sensitive buyers.

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

A business-level strategy in which a company exploits economies of scale is called a ________.

The purpose of a combination strategy is to mix growth,retrenchment,and stability strategies across a corporation's business units.

Which of the following is a special ability of a company that competitors find extremely difficult to equal?

A multinational strategy should allow a company to charge higher prices and/or gain market share.

Which of the following strategies is designed to increase the scale or scope of a corporation's operations?

Describe any three organizational structures that are common for a vast majority of international companies.

Global products are most commonly seen in industries where there is ________.

In an International Area Structure,a general manager is assigned to each country or region,and each geographic division operates as a self-contained unit,with decision making the responsibility of the country or regional managers.

Companies that typically design promotional campaigns and advertising strategies at their headquarters are most likely to follow a ________ strategy.

________ teams can help break down barriers between departments and reorganize operations around processes in an organization.

What strategy involves a company working on serving the needs of a narrowly defined market segment?

A main goal of the global product structure is to bring together geographic and product area managers in joint decision making.

A global strategy entails having a separate strategy for each nation in which a company markets its products.

A company that is closing factories with unused capacity and laying-off workers is most likely following a ________ strategy.

A ________ is a course of actions taken by managers to help a company meet its objectives.

A focus strategy works best with mass-marketed products aimed at price-sensitive buyers.

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