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Exam 11: The Strategy of International Business

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Question 61

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A company can increase its growth rate by taking goods or services developed at home and selling them internationally.The returns from such a strategy are likely to be greater if:

A) the product is already being offered by local companies in the host country.
B) it is a generic product that requires little differentiation.
C) indigenous competitors in the host nations lack comparable products.
D) there is a high inflation situation in the host country.

E) B) and D)
F) B) and C)

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Question 62

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A firm creates a(n) _____ by dispersing the stages of its value chain to those locations around the globe where the value added is maximized or where the costs of value creation are minimized.

A) integral circle
B) dispersal chain
C) global web
D) international mesh

E) C) and D)
F) None of the above

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Question 63

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Describe the concept of "core competence." What types of core competencies are the most valuable for penetrating foreign markets?

This function can create a perception of superior value in the minds of consumers by solving customer problems and supporting customers after they have purchased the product.

Managing an alliance successfully requires building interpersonal relationships between the firms' managers,or what is sometimes referred to as:

A number of studies have observed that a product's production costs decline by some quantity about each time _____ doubles.

_____ are the metrics used to measure the performance of subunits and make judgments about how well managers are running those subunits.

Describe the concept of value creation.What are the two primary strategies used to attain competitive advantage by organizations?

The term organization structure can be used to refer to the totality of a firm's organization,including organizational architecture,control systems and incentives,organizational culture,processes,and people.

Which of the following is a disadvantage of strategic alliances?

Firms that pursue a transnational strategy focus on increasing profitability and profit growth by reaping the cost reductions that come from economies of scale,learning effects,and location economies.

Which function of a firm is concerned with the design of products and production processes?

Describe globalization strategy.

The ability to spread fixed costs over a large volume results in a cost-savings phenomenon referred to as:

List the advantages of strategic alliances.

Firms that compete in global markets often face pressures for local responsiveness.Describe what is meant by local responsiveness,and what a firm needs to do in order to respond to such pressures.

Which of the following is an argument presented by commentators claiming that demands for local customization are on the decline worldwide?

For services such as banking or health care,"production" typically occurs when the service is designed by in-house professionals.

Which of the following is an example of a primary activity in a firm?

What is the experience curve? How can an involvement in overseas markets help a firm capture experience curve advantages more rapidly?