Business policy ch10 sg
Which of the following are part of culture?
Beliefs; social mores; social norms
Strategic positions (blank)
Can fluctuate
Firms can achieve increased competitive advantage as a result of (blank), which are firms that produce a good or service that increases the perceived value of a focal firms offering when the two are combined
Competitors
Which of the following are included in the CAGE network?
Cultural distance; economic distance; geographic distance
Multinational enterprises that manufacture commodity products that focus on cost leadership tend to use a (blank) strategy
Global standardization
Which of the following conditions suggest a multi to Mestic strategy might be the appropriate strategy for multinational enterprise?
High demand for local responsiveness; host countries with idiosyncratic domestic markets; little need for cost reductions
During globalization 1.0 all important Business functions were located in the home country, whereas during globalization 2.0 multinationals began to copy themselves (blank)
In a few key countries
The integration responsiveness framework suggests that companies facing high pressure for responsiveness and low pressure for cost for adoption should follow a (blank) strategy
Multidomestic
Which of the following factors of them combine to lead to tragic outcomes for domestic workers of multinational enterprises?
Multinational enterprises search for low-cost labor; failures to enforce safety standards; government corruption
Competitors information
Pg 331
In Global-standardization strategy, the main competitive element is (blank)
Reduced cost
Which of the following are examples of local responsiveness?
The sale of metal chopsticks in South Korea; the sale of mutton burgers in India; the sale of toads in preparation in China
Multinational enterprise are the driving force behind globalization
True
When an multinational Enterprise does not face strong pressure for cost reductions or local responsiveness, an international strategy is typically (blank)
Advantageous
According to Porter's (blank) Framework, the availability of top notch (blank) (firms that provide a good or service that leads customers to value the focal firms offering more when the two are combined) further strengthens National competitive advantage
Diamond; complementors
The oldest form of internationalization is (blank), which involves producing goods in one country to sell in another country
Exporting
Which of the following are distinctive features of globalization 3.0?
Firms create global networks of local expertise; technology helps reduce communication distances; multinational enterprises recognize into a more seamless global enterprise
The benefits of competing on a global scale exist (blank)
For an increasing number of firms
Before World War II, business strategy, implementation, and typically moved (blank)
From domestic headquarters to outposts abroad
As the standard of living in emerging economies, multinational enterprises are hoping that (blank)
Increased purchasing Power will enable workers to purchase the products are used to make for exports only
Though many benefits exist, which of the following are among the drawbacks of a trans national strategy
It is difficult to implement; it requires organizational complexity
Which of the following best defines national competitive advantage?
It is the extent to which a country can compete in international markets
Which of the following best defines national competitive advantage?
It is the extent to which country can compete in international markets
According to (blank) consumer needs and preferences throughout the world are converging and becoming increasingly homogeneous
Levitt's globalization hypothesis
When a company has difficulty coordinating operations across geographic distance and between distinct cultural environment, it experiences (blank)
Liability of foreignness
Multinational enterprise pursuing a multidomestic strategy hope that (blank)
Local consumers will perceive them to be a domestic
One notable advantage of a multidomestic strategy is
Lower exchange-rate exposure
which of the following statements regarding fact conditions in porters diamond framework is true?
Natural resources or not necessarily needed to generate worlds leading companies
Which of the following are the most important determinants economic distance?
Per capita income; wealth
Which of the following characters help make an multinational enterprise international strategy successful?
Prominent brand names; strong reputation; large domestic markets
When pushing an international strategy, a company (blank)
Sells the same products in both domestic and foreign markets
A multinational enterprise would likely be motivated to pursue global standardization strategy in order to (blank)
Take advantage of economies of scale; take advantage of location economies
A multinational enterprise would likely be motivated to pursue a global-standardization strategy in order to
Take advantage of location economies and economies of scale
All other things equal, the greater the culture distance, (Blank)
The Greater liability of foreignness
Leading biotechnology, software, and Internet companies and leading computer manufactures are concentrated in which of the following countries or states?
The United States; China; Taiwan
The believe that the importance of location is diminishing as an explanation of firm level competitive advantage is called (blank)
The death of distance hypothesis
Which of the fine statistics regarding multinational enterprises in the United States are correct?
They account for 11% The private sector employment growth since 1990; they make up 74% of the private sector research and development spending 2000; they pay 25% wages
Which of the following help shrink the administrative and political distance between countries?
Trade agreements; shared currency; a history of conversation;
A (blank) strategy focuses on integration at the business level by attempting to reconcile products differentiations at low costs
Transactional
What are the four quadrants of the integration-responsiveness framework
Transactional, multidomestic, international, and global standardization strategy
The extent to which members of a society feel anxious when faced with unknown situation is known as (blank)
Uncertainty avoidance
born global
their founders start them with the intent of running global operations
The specific characteristics of needs in a firms domestic market, such as customers who hold companies to a high standard of value creation and cost containment, are also called (blank)
Demand conditions
Despite a growing belief in the death of distance hypothesis, there remains evidence that certain countries remain leaders in specific industries and maintain a kind of (Blank) Advantage
National competitive
Despite a growing belief in the death of distance hypothesis, there remains evidence that certain countries remain leaders in specific industries and maintain a kind of (Blank) advantage
National competitive
Referring to Exhibit 10.6, integration responsiveness framework suggest that companies facing high-pressure for both local responsiveness and cost reduction should follow a (blank) strategy
Transactional
Multinational enterprises need an effective global strategy in order to (blank)
Achieve a competitive advantage against other companies
