Question 1

Social network analysis indicates that information flows more efficiently in a(n)________ manner.

Accepted Answer

A)  collaborative 
B)  competitive 
C)  hierarchical 
D)  impersonal 
A)  collaborative 
B)  competitive 
C)  hierarchical 
D)  impersonal

Question 2

Using a transnational strategy pushes a company to centralize some functions in optimal locations,base some functions in national subsidiaries to ensure local responsiveness,and develop wide-ranging communications among various units.

Accepted Answer

A) True 
 B)False

Question 3

Pressures for local responsiveness are especially important in industries where value creation is a function of a company's capacity to adapt to local market conditions.

Accepted Answer

A) True 
 B)False

Question 4

Using a concentrated configuration,an MNE performs value activities in different countries.

Accepted Answer

A) True 
 B)False

Question 5

The term ________ refers to a global company that thrives on seeking unique ideas and insights from locations around the world and then leveraging that knowledge in international markets.

Accepted Answer

A)  multidomestic 
B)  domestic 
C)  metanational 
D)  cross-cultural 
A)  multidomestic 
B)  domestic 
C)  metanational 
D)  cross-cultural

Question 6

The integration-responsiveness (IR)grid expresses how a company's ________ is a function of the relationship between its value chain and the prevailing pressures for global integration or local responsiveness in its industry.

Accepted Answer

A)  value proposition 
B)  target market 
C)  mission 
D)  strategy 
A)  value proposition 
B)  target market 
C)  mission 
D)  strategy

Question 7

Which of the following would most likely pressure an MNE to globally integrate its value activities?

Accepted Answer

A)  costs of producing in separate facilities exceeding those of producing in a single facility 
B)  variability in consumers' tastes and preferences shifting across countries 
C)  market pressures to add new product features continually 
D)  demands imposed by host country governments 
A)  costs of producing in separate facilities exceeding those of producing in a single facility 
B)  variability in consumers' tastes and preferences shifting across countries 
C)  market pressures to add new product features continually 
D)  demands imposed by host country governments

Question 8

Johnson & Johnson delegates to its subsidiaries a great deal of authority to respond to local conditions.Many subsidiaries have their own manufacturing,marketing,research,and human resource functions.This value chain configuration illustrates the ________ strategy.

Accepted Answer

A)  transnational 
B)  global 
C)  multidomestic 
D)  international 
A)  transnational 
B)  global 
C)  multidomestic 
D)  international

Question 9

The potential of new entrants in an industry is one of the forces in the Five-Forces Model of Industry Structure.

Accepted Answer

A) True 
 B)False

Question 10

Which of the following is NOT among the five forces in the Five-Forces Model of Industry Structure?

Accepted Answer

A)  governments 
B)  substitute products 
C)  potential new entrants 
D)  suppliers of raw materials 
A)  governments 
B)  substitute products 
C)  potential new entrants 
D)  suppliers of raw materials

Question 11

The quest to maximize individual purchasing power compels local responsiveness.

Accepted Answer

A) True 
 B)False

Question 12

A company's value chain is best described as the ________.

Accepted Answer

A)  variable sequence of converting product ideas into value for shareholders 
B)  mixture of activities taken to define product value standards and price points 
C)  discrete series of steps taken to move a product from conception to end-users 
D)  blueprint that must be followed to leverage the core capabilities of a global firm 
A)  variable sequence of converting product ideas into value for shareholders 
B)  mixture of activities taken to define product value standards and price points 
C)  discrete series of steps taken to move a product from conception to end-users 
D)  blueprint that must be followed to leverage the core capabilities of a global firm

Question 13

Managers use a value chain analysis to determine how the company will design,make,move,and sell products; how it will find efficiencies in doing so; and how it will coordinate the decisions in one part of the business with those made in other parts.

Accepted Answer

A) True 
 B)False

Question 14

Some companies that opt for the cost leadership strategy plan to sell products below the average industry prices in order to capture market share.

Accepted Answer

A) True 
 B)False

Question 15

A distinct disadvantage of an international strategy is ________.

Accepted Answer

A)  restricting the movement of core competencies to local markets 
B)  capitalizing on the benefits of global learning 
C)  customizing product offerings to local conditions 
D)  relying on home managers' knowledge of foreign markets 
A)  restricting the movement of core competencies to local markets 
B)  capitalizing on the benefits of global learning 
C)  customizing product offerings to local conditions 
D)  relying on home managers' knowledge of foreign markets

Question 16

When different companies produce the same commodity,their costs are essentially the same.

Accepted Answer

A) True 
 B)False

Question 17

Which of the following has the greatest potential to transform an industry's structure?

Accepted Answer

A)  a change in a competitor's management 
B)  a change in a competitor's pricing structure 
C)  the expansion of a distribution channel 
D)  the exit of a competitor from the industry 
A)  a change in a competitor's management 
B)  a change in a competitor's pricing structure 
C)  the expansion of a distribution channel 
D)  the exit of a competitor from the industry

Question 18

Discuss the characteristics of international,multidomestic,global,and transnational strategies.Include situations and a specific example in which each strategy would be most appropriate.

Accepted Answer

a.International strategy: Companies adop

Question 19

The framework that managers use to make decisions that maximize their companies' value creation performance is referred to as a strategy.

Accepted Answer

A) True 
 B)False

Question 20

Which of the following is the best example of a product disruption driving industry change?

Accepted Answer

A)  redesign of Toyota's Prius 
B)  introduction of Apple's iPad 
C)  AT&T's purchase of T-Mobile 
D)  merger of United and Continental 
A)  redesign of Toyota's Prius 
B)  introduction of Apple's iPad 
C)  AT&T's purchase of T-Mobile 
D)  merger of United and Continental

Social network analysis indicates that information flows more efficiently in a(n)________ manner.

Using a transnational strategy pushes a company to centralize some functions in optimal locations,base some functions in national subsidiaries to ensure local responsiveness,and develop wide-ranging communications among various units.

Pressures for local responsiveness are especially important in industries where value creation is a function of a company's capacity to adapt to local market conditions.

Using a concentrated configuration,an MNE performs value activities in different countries.

The term ________ refers to a global company that thrives on seeking unique ideas and insights from locations around the world and then leveraging that knowledge in international markets.

The integration-responsiveness (IR)grid expresses how a company's ________ is a function of the relationship between its value chain and the prevailing pressures for global integration or local responsiveness in its industry.

Which of the following would most likely pressure an MNE to globally integrate its value activities?

Johnson & Johnson delegates to its subsidiaries a great deal of authority to respond to local conditions.Many subsidiaries have their own manufacturing,marketing,research,and human resource functions.This value chain configuration illustrates the ________ strategy.

The potential of new entrants in an industry is one of the forces in the Five-Forces Model of Industry Structure.

Which of the following is NOT among the five forces in the Five-Forces Model of Industry Structure?

The quest to maximize individual purchasing power compels local responsiveness.

A company's value chain is best described as the ________.

Managers use a value chain analysis to determine how the company will design,make,move,and sell products; how it will find efficiencies in doing so; and how it will coordinate the decisions in one part of the business with those made in other parts.

Some companies that opt for the cost leadership strategy plan to sell products below the average industry prices in order to capture market share.

A distinct disadvantage of an international strategy is ________.

When different companies produce the same commodity,their costs are essentially the same.

Which of the following has the greatest potential to transform an industry's structure?

Discuss the characteristics of international,multidomestic,global,and transnational strategies.Include situations and a specific example in which each strategy would be most appropriate.

The framework that managers use to make decisions that maximize their companies' value creation performance is referred to as a strategy.

Which of the following is the best example of a product disruption driving industry change?

Globalization and International Business

The Cultural Environments Facing Business

The Political and Legal Environments Facing Business

The Economic Environments Facing Businesses

International Trade and Factor-Mobility Theory

Governmental Influence on Trade

Cross-National Cooperation and Agreements

Global Foreign-Exchange Markets

The Determination of Exchange Rates

Global Capital Markets

Globalization and Society

Country Evaluation and Selection

Export and Import

Direct Investment and Collaborative Strategies

The Organization of International Business

Marketing Globally

Global Manufacturing and Supply-Chain Management

International Accounting and Finance Issues

International Human Resource Management

Filters

Exam 12: The Strategy of International Business

Social network analysis indicates that information flows more efficiently in a(n)________ manner.

Using a transnational strategy pushes a company to centralize some functions in optimal locations,base some functions in national subsidiaries to ensure local responsiveness,and develop wide-ranging communications among various units.

Pressures for local responsiveness are especially important in industries where value creation is a function of a company's capacity to adapt to local market conditions.

Using a concentrated configuration,an MNE performs value activities in different countries.

The term ________ refers to a global company that thrives on seeking unique ideas and insights from locations around the world and then leveraging that knowledge in international markets.

The integration-responsiveness (IR)grid expresses how a company's ________ is a function of the relationship between its value chain and the prevailing pressures for global integration or local responsiveness in its industry.

Which of the following would most likely pressure an MNE to globally integrate its value activities?

Johnson & Johnson delegates to its subsidiaries a great deal of authority to respond to local conditions.Many subsidiaries have their own manufacturing,marketing,research,and human resource functions.This value chain configuration illustrates the ________ strategy.

The potential of new entrants in an industry is one of the forces in the Five-Forces Model of Industry Structure.

Which of the following is NOT among the five forces in the Five-Forces Model of Industry Structure?

The quest to maximize individual purchasing power compels local responsiveness.

A company's value chain is best described as the ________.

Managers use a value chain analysis to determine how the company will design,make,move,and sell products; how it will find efficiencies in doing so; and how it will coordinate the decisions in one part of the business with those made in other parts.

Some companies that opt for the cost leadership strategy plan to sell products below the average industry prices in order to capture market share.

A distinct disadvantage of an international strategy is ________.

When different companies produce the same commodity,their costs are essentially the same.

Which of the following has the greatest potential to transform an industry's structure?

Discuss the characteristics of international,multidomestic,global,and transnational strategies.Include situations and a specific example in which each strategy would be most appropriate.

The framework that managers use to make decisions that maximize their companies' value creation performance is referred to as a strategy.

Which of the following is the best example of a product disruption driving industry change?

Globalization and International Business

The Cultural Environments Facing Business

The Political and Legal Environments Facing Business

The Economic Environments Facing Businesses

International Trade and Factor-Mobility Theory

Governmental Influence on Trade

Cross-National Cooperation and Agreements

Global Foreign-Exchange Markets

The Determination of Exchange Rates

Global Capital Markets

Globalization and Society

Country Evaluation and Selection

Export and Import

Direct Investment and Collaborative Strategies

The Organization of International Business

Marketing Globally

Global Manufacturing and Supply-Chain Management

International Accounting and Finance Issues

International Human Resource Management

Filters