Exam 11: International Strategy and Organization

A growth strategy is designed to increase the scale or scope of a corporation's operations.

A(n)________ structure separates domestic from international business activities by creating a separate global branch with its own manager.

The objectives at the ________ of an organization are typically more precise and contain numerical targets of performance.

An organizational structure that splits the chain of command between product and area divisions is referred to as a(n)________ structure.

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

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

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

A low-cost leadership strategy typically requires a company to have a large market share.

The main benefit of a global strategy is that it allows a company to ________.

All parties ranging from suppliers and employers to consumers who are affected by a company's activities are called its stockholders.

Which of the following strategies works best for an organization that practices mass production and mass-marketing?

Which of the following is the first stage of the strategy-formulation process?

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

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

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

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

Core competencies of organizations are the special skills of certain employees that give a company an edge over other organizations.

When should managers consider decentralized decision making? What benefits might emerge?

Which of the following statements is true of objectives?

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