BA Chapter 3

What type of market entry strategy do you recommend for Burger Time? wholly owned affiliates franchises

franchises

Vladimir is a manager at Auttowort Inc., an automotive plant in the United States. Auttowort has started expanding to other countries and is now sourcing 25 percent of its parts at a discounted rate from an automotive supplier in Brazil. It has also outsourced some of its operations to India. This scenario most likely exemplifies: a. fiduciary responsibility. b. outplacement. c. globalization. d. competitive advantage.

C

What should Burger Time do? Hire Chinese employees to help locate suppliers. Allow franchisees to locate their own suppliers.

Hire Chinese employees to help locate suppliers.

What do you tell Mr. Harris to do? Import U.S. beef through Hong Kong Import Australian beef

Import Australian beef

Brazil's economic growth slowed over the past few years, but it is still one of the fastest-growing emerging economies in the world. a. True b. False

a

In the country Blestonia, people value relationships over business. They use communication as a means of building social relationships rather than to merely exchange information. Given this information, it can be concluded that Blestonia has a _____. a. high-context culture b. feminine culture c. low-context culture d. masculine culture

a

Which of the following is the most cost-effective strategy for a company to enter the international arena? a. Exporting b. Licensing c. Acquisition d. Franchising

a

Which of the following statements is true of global leaders? a. They have extensive experience interacting with people different from themselves. b. They focus on speaking a single language fluently. c. They are characterized by a liking for uniform ways of thinking. d. They avoid taking risks.

a

Which of the following statements is true of the North American Free Trade Agreement (NAFTA)? a. It intended to spur investment. b. It reduced income. c. It increased trade tariffs. d. It intended to reduce exports.

a

A manager with a global mind-set: a. sees everything from one's own cultural perspective. b. can perceive and respond to many different perspectives at the same time. c. is characterized by a liking for uniform ways of thinking. d. avoids taking risks.

b

Brenda believes that her country lacks adequate public facilities. She sets up a program to establish facilities such as highways and clean public restrooms in different parts of the country. In this scenario, Brenda is most likely contributing to improving the country's _____. a. ergonomics b. infrastructure c. power position d. working capital

b

Delwazic Inc. is a multinational corporation (MNC) that does not favor any specific country. It operates globally and does not identify as a company of any particular nationality. In this scenario, Delwazic Inc. is most likely a(n) _____. a. ethnocentric company b. geocentric company c. polycentric company d. regiocentric company

b

Julia, the manager of a software firm, considers multiple perspectives before making crucial decisions. She handles unforeseen difficulties tactfully and is not afraid of taking risks. In the context of the dimensions of a global mind-set, this scenario best illustrates the _____. a. social dimension b. psychological dimension c. cognitive dimension d. informational dimension

b

The people in the country Bleusville focus on the past and the present rather than on the future. In Bleusville, tradition and social obligation are considered important. This scenario best illustrates a(n) _____. a. individualistic culture b. short-term orientation c. long-term orientation d. low-context culture

b

Benjamin has accepted a management position overseas in Japan. He is excited about this opportunity and has been learning about Japanese culture and how his current environment will change. In the context of the dimensions of a global mind-set, Benjamin is most likely using the _____. a. social dimension b. informational dimension c. psychological dimension d. cognitive dimension

d

In a _____, people use communication primarily to exchange facts and information. a. high-context culture b. masculine culture c. feminine culture d. low-context culture

d

Ropalique is a popular clothing brand in the country Wesabania. The company wants to expand its market and decides to establish itself in the country Tristonville. To accomplish this, Ropalique collaborates with a local clothing brand called Vestinx in Tristonville and provides resources and trademark rights to Vestinx. This enables Vestinx to produce and market Ropalique's products. In the context of strategies for entering the international arena, Ropalique is most likely using _____. a. global outsourcing b. direct investing c. exporting d. licensing

d