Question 1

In ________, the firm develops the tactics for achieving the formulated international strategies.

Accepted Answer

A)   strategy development
B)   strategy formulation
C)   strategy implementation
D)   strategy evaluationE) None of the above
F) A) and D)

Question 2

A control framework is the set of managerial and organizational processes that keep the firm moving toward its strategic goals.

Accepted Answer

A) True 
 B)False

Question 3

The goal of ________ is to create a situation where the whole is greater than the sum of the parts.

Accepted Answer

A)   distinctive competence
B)   scope of operations
C)   resource deployment
D)   synergyE) A) and B)
F) B) and D)

Question 4

________ answers the question, "How can different elements of our business benefit each other?"

Accepted Answer

A)   Distinctive competence
B)   Scope of operations
C)   Resource deployment
D)   SynergyE) B) and D)
F) None of the above

Question 5

With the home replication strategy ________.

Accepted Answer

A)   the firm utilizes the core competency of the firm or firm-specific advantage it developed in domestic markets as its main competitive weapon in the foreign market it enters
B)   the firm views itself as a collection of relatively independent operating subsidiaries
C)   the firm views the world as a single marketplace and has as its primary goal the creation of standardized goods and services that will address the needs of customers worldwide
D)   the firm assigns responsibility for various organizational tasks to the unit of the organization best able to achieve the dual goals of efficiency and flexibilityE) All of the above
F) C) and D)

Question 6

Firms that use a related diversification strategy are more vulnerable to economic threats than firms using a single-business strategy.

Accepted Answer

A) True 
 B)False

Question 7

Parker Sportswear is an MNE with retail stores around the world. Parker views itself as a collection of relatively independent operating subsidiaries, each of which focuses on a specific domestic market. Parker most likely uses a ________ strategy.

Accepted Answer

A)   multidomestic
B)   home replication
C)   transnational
D)   globalE) None of the above
F) A) and B)

Question 8

What is a control framework?

Accepted Answer

A control framework is the set...

Question 9

JBX Automobiles, a global firm, builds factories to serve more than one country and lower the MNE's production costs. JBX Automobiles most likely benefits from ________.

Accepted Answer

A)   multinational flexibility
B)   economies of scale
C)   location efficiencies
D)   economies of scopeE) A) and D)
F) None of the above

Question 10

What are the four basic components of strategy development?

Accepted Answer

The four basic components of s...

Question 11

The primary goal of a(n)  ________ is the creation of standardized goods and services that will address the needs of customers worldwide.

Accepted Answer

A)   multidomestic strategy
B)   home replication strategy
C)   transnational strategy
D)   global strategyE) A) and B)
F) None of the above

Question 12

Garmin Footwear, an MNE, establishes facilities anywhere in the world that yields the lowest production or distribution costs. Garmin most likely benefits from ________.

Accepted Answer

A)   multinational flexibility
B)   economies of scale
C)   location efficiencies
D)   economies of scopeE) All of the above
F) B) and C)

Question 13

________ require(s)  the transfer of information and experiences from the parent to each subsidiary, from each subsidiary to the parent, and among subsidiaries.

Accepted Answer

A)   Global efficiencies
B)   Economies of scope
C)   Worldwide learning
D)   Transnational strategiesE) A) and D)
F) B) and C)

Question 14

What is the difference between an overall cost leadership strategy and a focus strategy? Provide examples of firms that use each type of strategy.

Accepted Answer

The overall cost leadership strategy cal...

Question 15

Which of the following would most likely be initiated through an environmental scan?

Accepted Answer

A)   BCG matrix
B)   diversification
C)   SWOT analysis
D)   strategic formulationE) None of the above
F) A) and B)

Question 16

When managers develop, refine, and agree on which markets to enter or exit and how to best compete in each, the managers are engaged in the strategy ________ process.

Accepted Answer

A)   development
B)   formulation
C)   implementation
D)   evaluationE) A) and B)
F) None of the above

Question 17

The compatibility of software programs with the Windows operating system is an example of Microsoft's ________.

Accepted Answer

A)   distinctive competence
B)   differential advantage
C)   scope of operations
D)   synergyE) B) and D)
F) B) and C)

Question 18

The three basic forms of business strategy are differentiation, overall cost leadership, and focus.

Accepted Answer

A) True 
 B)False

Question 19

Which term was developed by Michael Porter to describe the firm's important activities, such as production, marketing, and HR management?

Accepted Answer

A)   control framework
B)   economies of scale
C)   supply network
D)   value chainE) All of the above
F) A) and B)

Question 20

Which of the following situations does not indicate a low need for global integration?

Accepted Answer

A)   differentiated products
B)   weak brand name
C)   after-sales support services
D)   quality differencesE) A) and B)
F) C) and D)

Exam 11: International Strategic Management

Firms that use a related diversification strategy are more vulnerable to economic threats than firms using a single-business strategy.

Correct AnswerverifiedShow Answer

What is the difference between an overall cost leadership strategy and a focus strategy? Provide examples of firms that use each type of strategy.

Correct AnswerverifiedThe overall cost leadership strategy cal...View AnswerShow Answer

What are the four basic components of strategy development?

Correct AnswerverifiedThe four basic components of s...View AnswerShow Answer

With the home replication strategy ________.

Correct AnswerverifiedShow Answer

________ require(s) the transfer of information and experiences from the parent to each subsidiary, from each subsidiary to the parent, and among subsidiaries.

Correct AnswerverifiedShow Answer

Which of the following situations does not indicate a low need for global integration?

Correct AnswerverifiedShow Answer

The goal of ________ is to create a situation where the whole is greater than the sum of the parts.

Correct AnswerverifiedShow Answer

A control framework is the set of managerial and organizational processes that keep the firm moving toward its strategic goals.

Correct AnswerverifiedShow Answer

The compatibility of software programs with the Windows operating system is an example of Microsoft's ________.

Correct AnswerverifiedShow Answer

When managers develop, refine, and agree on which markets to enter or exit and how to best compete in each, the managers are engaged in the strategy ________ process.

Correct AnswerverifiedShow Answer

________ answers the question, "How can different elements of our business benefit each other?"

Correct AnswerverifiedShow Answer

Which of the following would most likely be initiated through an environmental scan?

Correct AnswerverifiedShow Answer

Which term was developed by Michael Porter to describe the firm's important activities, such as production, marketing, and HR management?

Correct AnswerverifiedShow Answer

What is a control framework?

Correct AnswerverifiedA control framework is the set...View AnswerShow Answer

Parker Sportswear is an MNE with retail stores around the world. Parker views itself as a collection of relatively independent operating subsidiaries, each of which focuses on a specific domestic market. Parker most likely uses a ________ strategy.

Correct AnswerverifiedShow Answer

Garmin Footwear, an MNE, establishes facilities anywhere in the world that yields the lowest production or distribution costs. Garmin most likely benefits from ________.

Correct AnswerverifiedShow Answer

In ________, the firm develops the tactics for achieving the formulated international strategies.

Correct AnswerverifiedShow Answer

The three basic forms of business strategy are differentiation, overall cost leadership, and focus.

Correct AnswerverifiedShow Answer

JBX Automobiles, a global firm, builds factories to serve more than one country and lower the MNE's production costs. JBX Automobiles most likely benefits from ________.

Correct AnswerverifiedShow Answer

The primary goal of a(n) ________ is the creation of standardized goods and services that will address the needs of customers worldwide.

Correct AnswerverifiedShow Answer

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The overall cost leadership strategy cal...
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The four basic components of s...
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A control framework is the set...
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