Question 1

ChocoNuts Inc.produces an inexpensive candy bar that is well tailored for the tastes of U.S.consumers.However,it has failed to satisfy the consumer preferences of its host country,Japan.Which of the following categories has ChocoNuts performed poorly in?

Accepted Answer

A)   cost-reduction
B)   local-responsiveness
C)   global-standardization
D)   transnational strategyE) B) and D)
F) B) and C)

Question 2

Which of the following products are generally manufactured by multinational enterprises (MNEs) pursuing a global-standardization strategy?

Accepted Answer

A)   products with a high value-to-weight ratios like luxury goods
B)   commodity products like computer hardware
C)   consumer products related to national and/or religious identity like food
D)   products that carry country-specific quality associations like wineE) A) and B)
F) A) and C)

Question 3

SmallWorld Inc.is a global Internet company that offers country-specific variations of its sites,keeping in mind the linguistic and religious differences between the countries.SmallWorld Inc.is most likely doing this to

Accepted Answer

A)   reduce its geographical distance from the other countries.
B)   increase its administrative distance from the other countries.
C)   increase its economic distance from the other countries.
D)   reduce its cultural distance from the other countries.E) A) and B)
F) A) and C)

Question 4

A(n) _____ strategy arises out of the combination of high pressure for local responsiveness and high pressure for cost reductions.

Accepted Answer

A)   transnational
B)   multidomestic
C)   international
D)   global-standardizationE) All of the above
F) B) and D)

Question 5

How has the administrative and political distance between Canada,Mexico,and the United States been reduced?

Accepted Answer

A)   by adopting similar national cultures
B)   by lowering the disparities between their per capita incomes
C)   by establishing the North American Free Trade Agreement (NAFT
A)  
D)   by reducing their linguistic differencesE) All of the above
F) C) and D)

Question 6

Which of the following is one of the features of an international strategy?

Accepted Answer

A)   It is characterized by limited local responsiveness.
B)   It is one of the newest types of global strategies.
C)   It is characterized by cost-leadership as a preferred business strategy.
D)   It is often used successfully by firms with relatively small domestic markets.E) A) and B)
F) B) and D)

Question 7

In which of the following situations is pursuing an international strategy advisable?

Accepted Answer

A)   when a firm manufactures products related to national and religious identity
B)   when a firm operates in an industry where the pressure to keep the costs low is extremely high
C)   when a firm wants to be perceived as a domestic company by the host-country consumers
D)   when a firm enjoys a large domestic market, strong reputation, and brand nameE) A) and D)
F) A) and C)

Question 8

Which of the following is a feature of the Globalization 2.0 stage?

Accepted Answer

A)   Huge investments in fiber-optic cable networks around the world enabled companies to operate as global-collaboration networks.
B)   Only sales and distribution operations took place overseas, while all the important business functions were located in the home country.
C)   Two-way knowledge flow between the local subsidiaries and their U.S. headquarters was strong.
D)   Multinational enterprises (MNEs)  began to create smaller, self-contained replicas of themselves in a few key countries.E) A) and B)
F) A) and C)

Question 9

Evara Cosmetics Inc.is a company that operates in 20 countries around the globe.The company clearly understands that the skin and hair type of customers varies from one country to another.Consequently,its products are customized to suit local needs and preferences of customers,even though the costs incurred while producing these products are exceptionally high.This strategy helps the company behave as a local firm in a foreign market.In this scenario,which of the following strategies does Evara Cosmetics Inc.most likely implement?

Accepted Answer

A)   a multidomestic strategy
B)   an international strategy
C)   a global-standardization strategy
D)   a one-product strategyE) A) and B)
F) C) and D)

Question 10

Emirates,Etihad Airlines,and Qatar Airways are a threat to U.S.legacy carriers because they offer

Accepted Answer

A)   higher quality for lower costs for international routes.
B)   higher quality for similar costs for U.S domestic routes.
C)   similar quality for lower costs for international routes.
D)   similar quality for lower costs for U.S domestic routes.E) A) and B)
F) A) and C)

Exam 10: Global Strategy: Competing Around the World

How has the administrative and political distance between Canada,Mexico,and the United States been reduced?

Correct Answer
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Emirates,Etihad Airlines,and Qatar Airways are a threat to U.S.legacy carriers because they offer

Correct Answer
verified

SmallWorld Inc.is a global Internet company that offers country-specific variations of its sites,keeping in mind the linguistic and religious differences between the countries.SmallWorld Inc.is most likely doing this to

Correct Answer
verified

ChocoNuts Inc.produces an inexpensive candy bar that is well tailored for the tastes of U.S.consumers.However,it has failed to satisfy the consumer preferences of its host country,Japan.Which of the following categories has ChocoNuts performed poorly in?

Correct Answer
verified

Which of the following is a feature of the Globalization 2.0 stage?

Correct Answer
verified

Which of the following is one of the features of an international strategy?

Correct Answer
verified

In which of the following situations is pursuing an international strategy advisable?

Correct Answer
verified

A(n) _____ strategy arises out of the combination of high pressure for local responsiveness and high pressure for cost reductions.

Correct Answer
verified

Which of the following products are generally manufactured by multinational enterprises (MNEs) pursuing a global-standardization strategy?

Correct Answer
verified

Correct Answer
verified

Exam 10: Global Strategy: Competing Around the World

How has the administrative and political distance between Canada,Mexico,and the United States been reduced?

Correct AnswerverifiedShow Answer

Emirates,Etihad Airlines,and Qatar Airways are a threat to U.S.legacy carriers because they offer

Correct AnswerverifiedShow Answer

SmallWorld Inc.is a global Internet company that offers country-specific variations of its sites,keeping in mind the linguistic and religious differences between the countries.SmallWorld Inc.is most likely doing this to

Correct AnswerverifiedShow Answer

ChocoNuts Inc.produces an inexpensive candy bar that is well tailored for the tastes of U.S.consumers.However,it has failed to satisfy the consumer preferences of its host country,Japan.Which of the following categories has ChocoNuts performed poorly in?

Correct AnswerverifiedShow Answer

Which of the following is a feature of the Globalization 2.0 stage?

Correct AnswerverifiedShow Answer

Which of the following is one of the features of an international strategy?

Correct AnswerverifiedShow Answer

In which of the following situations is pursuing an international strategy advisable?

Correct AnswerverifiedShow Answer

A(n) _____ strategy arises out of the combination of high pressure for local responsiveness and high pressure for cost reductions.

Correct AnswerverifiedShow Answer

Which of the following products are generally manufactured by multinational enterprises (MNEs) pursuing a global-standardization strategy?

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Correct Answer
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Correct Answer
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