MBALglobal

Home replication strategy, also known as ___, emphasizes the international replication of the home country-based competencies a. "export" strategy b. multi-domestic strategy c. transnational strategy d. multi-national strategy

a

Product-related diversification involves all of the following except which of the following? a. a single business strategy b. entries into activities that are related to a firm's existing markets and/or activities c. the emphasis is on economies of scale rather than scope d. increases in competitiveness e. synergy

a

The International Division Structure is typically set up when firms initially expand abroad, and if often engaged in which type of strategy? a. home replication strategy b. multi-domestic strategy c. global strategy d. transnational strategy

a

What are large firms in a small domestic market referred to as? a. enthusiastic internationalizers b. follower internationalizers c. slow internationalizers d. occasional internationalizers e. domestic internationalizers

a

What does the institutional-based view focus on? a. Government and societal forces b. The firm's internal strengths and weakness. c. The firm's competitive forces within an industry that impact all firms d. The firm's decisions and actions

a

As firms expand into more countries, they should recognize that a. foreign firms are no longer discriminated against b. foreign firms primarily deploy overwhelming resources and capabilities that offset the liability of foreignness c. host firms are able to offset the liability of foreignness and still have come competitive advantage d. host firms primarily deploy overwhelming resources and capabilities that offset the liability of foreignness e. local firms are often discriminated against

b

The word __ has now become the most famous Chinese business word to appear in English-language media and means the interpersonal networks a. keiretsu b. guanxi c. chaebol d. blat

b

Global strategies have reached new levels of significance because of what three defining events? a. education, fewer travel restrictions, and world banking b. cultural diversity, world-wide education standards, and emerging nations c. terrorist attacks, anti-globalization protests, and corporate crisis in the US and Asia d. Expanding travel, shared sense of capitalism, and world standards for ethical behavior

c

Managing global competitive dynamics comes down to a. understanding why firms compete b. understanding the "rules of the game" c. how industry-, resource-, and institution-based considerations influence their competitive/cooperative actions d. firms engaging in collusion

c

What is industry-based strategy concerned with? a. Firms creating value when engaging in strategic actions b. Managers are well versed in the "rules of the game" governing domestic and international competition. c. The inter-firm rivalry when engaging in strategic actions. d. Firms engaging in cooperative partnerships.

c

Which of the following is not a legal means of signaling? a. nonaggression or fat cat b. truce seeking c. direct discussion of reduced rivalry with competitors d. communication via governments

c

____ seeks to replicate a set of activities in related industries in a small number of countries a. multinational replicator b. far-flung conglomerate c. anchored replicator d. classic conglomerate e. classic replicator

c

What are the main types of attacks observed in the market? a. thrust and price cuts b. market commonality, resource similarities, and thrust c. advertising campaigns, price cuts, and thrust d. thrust, feint, and gambit

d

All of the following are true of direct exports except, a. most basic mode of entry b. capitalizes on economies of scale in production concentrated in the home country c. affords better control over distribution d. the agendas and objectives of the intermediaries and exporters are the same e. designs and productions geared for the domestic market first and foremost

d

Limited Geographic Scope and unrelated Product Scope are referred to as what? a. Multinational b. Far-flung conglomerate c. Anchored replicator d. Classic conglomerate e. classic replicator

d

Overall, strategy is a. a rulebook b. a blueprint c. a set of programmed instructions d. a firm's theory about how to compete

d

What are small firms in a large domestic market referred to? a. enthusiastic internationalizers b. follower internationalizers c. slow internationalizers d. occasional internationalizers e. domestic internationalizers

d

Which of the following does not include first mover advantages? a. developing proprietary, technological leadership b. preempting scare assets c. establishing entry barriers d. successful clashes with dominant firms in domestic markets e. creating good relationships with key stakeholder

d

Greenfield operations refers to a. licensing/franchising b. turnkey projects c. R&D contracts d. co-marketing e. wholly owner subsidiaries

e

Which of the following does not exemplify a trade barrier? a. tariffs b. local content requirements c. restrictions on certain entry modes d. subtle non-tariff e. nationalization

e

Which of the following is true regarding M&A? a. As many as 70 percent of M&As reportedly fail b. On average, the acquiring firms' performance improves after acquisitions c. Target firms, after being acquired and becoming internal units, often perform better than when they were independent, stand-alone firms d. The only identifiable losers are the shareholders of target (acquired) firms e. The outstanding success of M&As is due to pre- and post acquisition phases

a

Which geographic diversification is most likely to reduce the liability of foreignness? a. culturally adjacent countries b. extensive international scope c. beyond geographically neighboring countries d. beyond culturally neighboring countries e. limited international scope

a

Which is not true of strategy? a. Business strategy has similarities with military strategy b. Most military principles can be applied in business c. Militaries fight over territories, waters, and air spaces while firms compete in markets d. Managers are usually very well versed in the "rules of the game" governing domestic and international competition

b

Dumping is defined as a. shipping hazardous waste to locations in other countries b. an exporter selling below cost abroad and planning to raise prices after eliminating local rivals c. unloading unsold inventory from the US in other countries d. excessive criticism of international rivals

b

Localization (multi-domestic) strategy is an extension of the ___ and focuses on a number of foreign countries-regions a. multi-national strategy b. home replication strategy c. "export" strategy d. transnational strategy

b

The Geographic Area Structure is typically set up when firms initially expand abroad, and is often engaged in which type of strategy? a. home replication strategy b. multi-domestic strategy c. global strategy d. transnational strategy

b

What is resource-based strategy concerned with? a. Government and societal forces b. The firm's internal strengths and weakness c. the firm's competitive forces within an industry that impact all firms d. the firm's decisions and actions

b

Which is one motive for M&A which does not necessarily increase shareholder value? a. Synergistic b. Hubris c. Performance d. industry conditions e. institutional constraints

b

Which of the following would not be considered an initial set of actions to gain competitive advantage? a. counterattacks b. advertising campaigns c. market entries d. price cuts

a

Which structure is used to supply customers (often other MNEs) in a coordinated and consistent way across various countries? a. global account structure b. an industry sector structure c. solutions-based structure d. global mainstream structure

a