MAN4720 CH10 Connect Questions

Which of the following comprise culture?

Beliefs, social norms, social mores

Though natural resources can be a boon to a country's economy, more important than resources are a country's _________ frameworks.

Institutional

Firms located in regional clusters benefit from:

Knowledge spill over

When pursuing an international strategy, a company ______

Sells the same product in both domestic and foreign markets

Which of the following help shrink the administrative and political distance between countries?

Shared currency, a history of colonization, trade agreements

National culture, according to Geert Hofstede, can be defined as different groups' distinctive ______

"programming of the mind."

A global strategy is needed in order to ________________.

Achieve a competitive advantage against other companies

When a MNE doesn't face strong pressure for cost reductions or local responsiveness, an international strategy is typically __________________.

Advantageous

As MNEs compete internationally, a focus on local responsiveness allows them to do which of the following?

Appeal to local consumers more effectively, increase product differentiation

When firms from wealthy countries trade with the firms from poor countries, they benefit from economic ____________

Arbitrage

MNEs pursuing a ____________ ocean strategy tend to also purse a transnational strategy.

Blue

Firms can achieve increase competitive advantage as a result of ___________, which are firms that produce a good or service that increases the perceived value of a focal firm's offering when the two are combined.

Complementors

Which of the following put opposing pressures on the integration-national responsiveness framework?

Cost reductions, local responsiveness

Which of the following dimensions are considered in the CAGE framework?

Cultural Distance, Economic Distance, Geographic Distance

When a country's demand conditions include high-density urban living and high energy costs, consumers can be expected to prefer air conditioners that are which of the following?

Energy-efficient, small, quiet

Which of the following are distinct features of globalization 3.0?

Firms create global networks of local expertise, technology has helped to reduce communication distances, MNEs reorganize into a more seamless global enterprise

In order for a company to be considered a multinational enterprise, it must operate _____

In more than one country

What are the four quadrants of the integration-responsiveness framework?

International strategy, Transnational strategy, Multi-domestic strategy, Global standardization strategy

Which of the following helped motivate globalization after the end of World War II?

The need to reconstruct economies damaged by war, unfilled needs during the war years

Leading biotechnology, software, and internet companies and leading computer manufactures are concentrated in which of the following countries or states?

USA, Taiwan, China

At a basic level, the concept of "liability of foreignness" refers to the additional

cost of doing business in an unfamiliar cultural and economic environment

The cultural disparity between the internationally expanding firm's home country and its targeted host country is known as ______

cultural distance

The benefits of competing on a global scale exist:

for an increasing number of firms

Companies seek to access international markets as means of

increasing their economic value creation

A benefit of an international strategy is ____

leveraging core competences

When pursuing an international strategy, a company _____

sells the same product in both domestic and foreign markets

A company should only expand abroad if _____

the benefits outweigh the costs

All other things equal, the greater the cultural distance,

the greater the liability of foreignness

Which of the following are examples of local responsiveness?

the sale of toads for preparation in China, the sale of mutton burgers in India, the sale of metal chopsticks in South Korea

Which of the following are reasons forms expand internationally?

to develop new competencies, to gain access to low-cost input factors, to gain access to a larger market

The integration-responsiveness framework suggests that companies facing high pressure for both local responsiveness and a cost reduction should follow a _______ strategy.

transnational

Which three of the following conditions suggest a multi-domestic strategy might be the appropriate strategy for MNEs?

Little need for cost reductions, host countries with idiosyncratic domestic markets, high demand for local responsiveness

MNEs pursuing a multi-domestic strategy hope that _______

Local consumers will perceive them to be a domestic company

When a company wants to be more responsive to local consumers in multiple countries, it will likely shift to a ________

Multi-domestic strategy

Despite a growing belief of the death-of-distance hypothesis, there remains evidence that certain countries remain leaders in specific industries and maintain a kind of _____________ competitive advantage

National

Which of the following are common reasons for companies to make foreign direct investments?

Reduced tax burdens, reduced labor costs, avoiding import restrictions

During the first stage of globalization, which of the following business functions typically took place abroad?

Sales, distribution

As the standard of living rises in emerging economies, MNEs are hoping that _________________

Increased purchasing power will enable workers to purchase the products they used to make for exports only

Which of the following have helped make globalization possible?

Reduced investment barriers, reductions in transportation costs, advances in telecommunications

In order to implement a transnational strategy, MNEs typically adopt a global ________________ structure.

Matrix

In the global economy, according to Porter, competitive advantages increasingly exist in ___________ knowledge, relationships, and motivation.

Local

The benefits to be accrued from locating value chain activities in the world's optimal geographies for a specific activity are known as _____________ economies.

Location

Which of the following factors often combine to lead to tragic outcomes for workers?

MNEs search for low-cost labor, government corruption, failure to enforce safety standards

One notable advantage of a multi-domestic strategy is the ______

lower exchange rate exposure