Question 1

Typically, joint ventures involve less control and risk than franchising.

Accepted Answer

A) True 
 B)False

Question 2

Related industries create the probability that new companies will enter the market. This ________ competition and forces existing firms to improve ________.

Accepted Answer

A)   decreases; innovation
B)   decreases; efficiency
C)   increases; efficiency
D)   decreases; salesE) B) and C)
F) A) and B)

Question 3

If a company is considering optimizing the physical location for every activity in the value chain, which of the following is not a possible strategic advantage for that decision?

Accepted Answer

A)   performance enhancement
B)   cost reduction
C)   political risk reduction
D)   life-cycle enhancementE) None of the above
F) B) and C)

Question 4

In the quest to achieve competitive advantage in global markets, competitive pressures require that firms do what they can to ________ unit costs so that consumers will not perceive theirproduct and service offerings as too expensive.

Accepted Answer

A)   raise
B)   decentralize
C)   define
D)   lowerE) B) and C)
F) A) and B)

Question 5

The factor endowments of a country are inherited and cannot be created.

Accepted Answer

A) True 
 B)False

Question 6

Increasing international exchange in goods and services can run into the difficulty of one offering that meets the needs of customers at differing income levels.

Accepted Answer

A) True 
 B)False

Question 7

High pressure for local adaptation combined with low pressure for lower costs would suggest what type of international strategy?

Accepted Answer

A)   global strategy
B)   multidomestic strategy
C)   transnational strategy
D)   overall cost leadership strategyE) A) and B)
F) B) and C)

Exam 7: International Strategy Creating Value in Global Markets

If a company is considering optimizing the physical location for every activity in the value chain, which of the following is not a possible strategic advantage for that decision?

Correct Answer
verified

Related industries create the probability that new companies will enter the market. This competition and forces existing firms to improve .

Correct Answer
verified

High pressure for local adaptation combined with low pressure for lower costs would suggest what type of international strategy?

Correct Answer
verified

Increasing international exchange in goods and services can run into the difficulty of one offering that meets the needs of customers at differing income levels.

Correct Answer
verified

In the quest to achieve competitive advantage in global markets, competitive pressures require that firms do what they can to ________ unit costs so that consumers will not perceive theirproduct and service offerings as too expensive.

Correct Answer
verified

The factor endowments of a country are inherited and cannot be created.

Correct Answer
verified

Typically, joint ventures involve less control and risk than franchising.

Correct Answer
verified

Exam 7: International Strategy Creating Value in Global Markets

If a company is considering optimizing the physical location for every activity in the value chain, which of the following is not a possible strategic advantage for that decision?

Correct AnswerverifiedShow Answer

Related industries create the probability that new companies will enter the market. This ________ competition and forces existing firms to improve ________.

Correct AnswerverifiedShow Answer

High pressure for local adaptation combined with low pressure for lower costs would suggest what type of international strategy?

Correct AnswerverifiedShow Answer

Increasing international exchange in goods and services can run into the difficulty of one offering that meets the needs of customers at differing income levels.

Correct AnswerverifiedShow Answer

In the quest to achieve competitive advantage in global markets, competitive pressures require that firms do what they can to ________ unit costs so that consumers will not perceive theirproduct and service offerings as too expensive.

Correct AnswerverifiedShow Answer

The factor endowments of a country are inherited and cannot be created.

Correct AnswerverifiedShow Answer

Typically, joint ventures involve less control and risk than franchising.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Related industries create the probability that new companies will enter the market. This competition and forces existing firms to improve .

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified