capstone chapter 10 quiz

Which of the following is most likely an accurate statement?

The multinational enterprise Starship benefited from advances in communications technology.

To keep track of the latest developments in computing, Lenovo's research centers are located in China, the United States, and Japan. Also, to benefit from low-cost labor and reduced shipping costs, the company's manufacturing facilities are in Mexico, India, and China. Lenovo's products are the same for its domestic and foreign markets. Which strategy does Lenovo follow?

a global-standardization strategy

Which of the following foreign entry modes primarily involves producing goods in one country to sell in another?

exporting

Most businesses around the world are more than 50 percent globalized, meaning that more than half their revenues are from outside the home country.

false

A greater cultural distance between two trading countries ______________

increases the liability of foreignness.

Michael Porter's diamond framework explains the concept of ___________________.

national competitive advantage

Multinational enterprises (MNEs) like Harley-Davidson, Rolex, and Starbucks are said to be following an international strategy because ___________

they offer the same products or services in all their stores throughout the world

Administrative and political distances, such as the presence or absence of colonial ties, are part of the CAGE distance framework.

true