Question 1

The trend towards worldwide markets makes it easier to predict where competitors will spring up.

Accepted Answer

A) True 
 B)False

Question 2

The factor endowments of a country are inherited and cannot be created.

Accepted Answer

A) True 
 B)False

Question 3

Firms following a global strategy strive to offer ________ products and services as well as locate manufacturing,research and development,and marketing activities in a limited number of locations.

Accepted Answer

A)  widely differentiated 
B)  more expensive local 
C)  internationally differentiated 
D)  standardized 
A)  widely differentiated 
B)  more expensive local 
C)  internationally differentiated 
D)  standardized

Question 4

Wages in developing markets can be volatile and spike dramatically.The United States can be ________ on a wage basis if its average wages decline.

Accepted Answer

A)  less competitive 
B)  more competitive 
C)  more risky 
D)  more volatile 
A)  less competitive 
B)  more competitive 
C)  more risky 
D)  more volatile

Question 5

Which one of the following is one of the Theodore Levitt assumptions supporting a pure global strategy?

Accepted Answer

A)  Consumers are willing to pay more for specific product features. 
B)  Customer needs and interests are becoming more dissimilar. 
C)  MNCs can successfully compete globally by aggressively pricing products at the sacrifice of product features. 
D)  If the world markets are treated as heterogeneous, substantial economies of scale are easily achieved. 
A)  Consumers are willing to pay more for specific product features. 
B)  Customer needs and interests are becoming more dissimilar. 
C)  MNCs can successfully compete globally by aggressively pricing products at the sacrifice of product features. 
D)  If the world markets are treated as heterogeneous, substantial economies of scale are easily achieved.

Question 6

Statistics indicate that over half of the world output now comes from emerging markets.This is leading to a(n)________ of living standards across the globe and is changing the face of business.

Accepted Answer

A)  divergence 
B)  convergence 
C)  expansion 
D)  contraction 
A)  divergence 
B)  convergence 
C)  expansion 
D)  contraction

Question 7

Regions represent the outcomes of centuries of political and cultural history that results in not only ________ but also mutual ________.

Accepted Answer

A)  differences; expectations 
B)  similarities; expectations 
C)  commonalities; losses 
D)  commonalities; affinities 
A)  differences; expectations 
B)  similarities; expectations 
C)  commonalities; losses 
D)  commonalities; affinities

The trend towards worldwide markets makes it easier to predict where competitors will spring up.

The factor endowments of a country are inherited and cannot be created.

Firms following a global strategy strive to offer ________ products and services as well as locate manufacturing,research and development,and marketing activities in a limited number of locations.

Wages in developing markets can be volatile and spike dramatically.The United States can be ________ on a wage basis if its average wages decline.

Which one of the following is one of the Theodore Levitt assumptions supporting a pure global strategy?

Statistics indicate that over half of the world output now comes from emerging markets.This is leading to a(n)________ of living standards across the globe and is changing the face of business.

Regions represent the outcomes of centuries of political and cultural history that results in not only but also mutual .

Strategic Management: Creating Competitive Advantages

Analyzing the External Environment of the Firm: Creating Competitive Advantages

Assessing the Internal Environment of the Firm

Recognizing a Firm's Intellectual Assets: Moving Beyond a Firm's Tangible Resources

Business-level Strategy: Creating and Sustaining Competitive Advantages

Corporate-level Strategy: Creating Value Through Diversification

Entrepreneurial Strategy and Competitive Dynamics

Strategic Control and Corporate Governance

Creating Effective Organizational Designs

Strategic Leadership: Creating a Learning Organization and an Ethical Organization

Managing Innovation and Fostering Corporate Entrepreneurship

Filters

Exam 7: International Strategy: Creating Value in Global Markets

The trend towards worldwide markets makes it easier to predict where competitors will spring up.

The factor endowments of a country are inherited and cannot be created.

Firms following a global strategy strive to offer ________ products and services as well as locate manufacturing,research and development,and marketing activities in a limited number of locations.

Wages in developing markets can be volatile and spike dramatically.The United States can be ________ on a wage basis if its average wages decline.

Which one of the following is one of the Theodore Levitt assumptions supporting a pure global strategy?

Statistics indicate that over half of the world output now comes from emerging markets.This is leading to a(n)________ of living standards across the globe and is changing the face of business.

Regions represent the outcomes of centuries of political and cultural history that results in not only ________ but also mutual ________.

Strategic Management: Creating Competitive Advantages

Analyzing the External Environment of the Firm: Creating Competitive Advantages

Assessing the Internal Environment of the Firm

Recognizing a Firm's Intellectual Assets: Moving Beyond a Firm's Tangible Resources

Business-level Strategy: Creating and Sustaining Competitive Advantages

Corporate-level Strategy: Creating Value Through Diversification

Entrepreneurial Strategy and Competitive Dynamics

Strategic Control and Corporate Governance

Creating Effective Organizational Designs

Strategic Leadership: Creating a Learning Organization and an Ethical Organization

Managing Innovation and Fostering Corporate Entrepreneurship

Filters

Regions represent the outcomes of centuries of political and cultural history that results in not only but also mutual .