Question 1

______ leads in optics,solid-state physics,engineering,chemistry and process metallurgy.
A)Japan
B)France
C)The U.S.
D)Germany

Accepted Answer

A

Question 2

A(n)______ orientation believes that the values and priorities of the parent organization should guide the strategic decision making of all its operations.
A)Ethnocentric
B)Polycentric
C)Regiocentric
D)Geocentric

Accepted Answer

An ethnocentric orientation is one where the values and priorities of the parent organization are considered superior and guide the decision making of all its operations. This approach is often taken by companies that have a strong home country culture and believe that their methods are the best.

Question 3

The most involved strategy level in the evolution of a global corporation in characterized by
A)Technology transfer
B)Export-import operations
C)Foreign licensing
D)A substantial increase in foreign investment

Accepted Answer

A substantial increase in foreign investment indicates that the corporation is moving from a focus on exporting and licensing to establishing a more permanent presence in foreign markets. This involves a greater commitment of resources and a higher level of strategic planning. Technology transfer and export-import operations may still be important components, but they are likely to be part of a larger overall strategy focused on building a global footprint.

Question 4

Direct penetration of foreign markets makes sense as a competitive weapon because a firm can drain vital ____ from a foreign competitor's domestic operations.
A)cash flows
B)export sales
C)dividends
D)debt

Accepted Answer

Direct penetration of foreign markets often requires significant financial resources, such as marketing expenses, investment in infrastructure, and hiring local employees. By diverting cash flows from a foreign competitor's domestic operations, a firm can weaken its competitor's financial position and gain a competitive advantage. Export sales, dividends, and debt are not necessarily critical factors in a firm's competitive position in foreign markets.

Question 5

The evolution of a global corporation often entails progressively involved strategy levels.What level has the minimal effect on existing product lines?
A)Foreign licensing
B)Export-import
C)Technology transfer
D)Direct investment

Accepted Answer

Export-import activities typically involve selling existing products in new markets or buying products abroad for domestic sale, which has minimal effect on the existing product lines themselves compared to the other options that involve more substantial changes or investments in operations.

Question 6

The 100 largest U.S.global earn an average of ___ percent of their operating profits abroad.
A)12
B)69
C)54
D)37

Accepted Answer

The answer of The 100 largest U.S.global earn an average...

Question 7

______ is the use of a common product,service,and message across all markets to create a strong brand image.
A)Globalization
B)Horizontal integration
C)Standardization
D)Customization

Accepted Answer

Standardization refers to using the same product, service, and message across all markets to create a strong brand image. It helps companies achieve consistency in branding and reduces costs by using the same marketing and advertising materials globally.

Question 8

At what level do firms begin to emerge as global enterprises with global approaches to production,sales,finance,and control?
A)Third
B)Fourth
C)Second
D)First

Accepted Answer

The answer of At what level do firms begin to...

Question 9

Firms at what strategy level are called multinational corporations (MNCs)?
A)First
B)Second
C)Third
D)Fourth

Accepted Answer

The answer of Firms at what strategy level are called...

Question 10

Which one of the following is NOT a strategic orientation of global firms?
A)Omnicentric
B)Ethnocentric
C)Polycentric
D)Regiocentric

Accepted Answer

The orientation "Omnicentric" is not a commonly recognized strategic orientation of global firms. Ethnocentric, polycentric, and regiocentric are the three widely recognized strategic orientations of global firms.

Question 11

______ is the development of modified products and services,and the use of somewhat tailor-made messages,to meet the demands of a local population
A)Globalization
B)Horizontal integration
C)Customization
D)Standardization

Accepted Answer

The term "customization" refers to the development of modified products and services to meet the demands of a local population. This often involves adjusting marketing messages and other aspects of the product or service to fit a specific cultural or regional context. Globalization, on the other hand, refers to the increasing interconnectedness of economies and cultures around the world. Horizontal integration involves the merging of two or more companies that operate in the same industry or sector, while standardization refers to the process of making products or services uniform and consistent across different markets or regions.

Question 12

The change in customer _______ behavior was the beginning of an evolution in international strategy.
A)saving
B)living
C)purchase
D)moving

Accepted Answer

The sentence suggests that there was a change in customer behavior related to purchasing, which led to an evolution in international strategy. None of the other choices (saving, living, moving) are directly related to purchasing behavior.

Question 13

MNCs are involved mainly in which of the following strategies?
A)Direct overseas investment
B)Capital repatriation
C)Joint research
D)Host financial policies

Accepted Answer

MNCs are mainly involved in direct overseas investment as it allows them to expand their business globally and access new markets, resources, and consumers. Capital repatriation refers to bringing back profits from overseas operations to the parent country, which is not a main strategy but rather a financial decision. Joint research may be a strategy for some MNCs, but it is not their main focus. Host financial policies refer to the policies of the country where the MNC operates, which they may have to comply with but are not actively involved in creating.

Question 14

In the past 30 years,the U.S.has ______ in terms of technological advantage.
A)Substantially enhanced
B)Maintained a status quo
C)Declined dramatically
D)Reaches the number one spot in the world

Accepted Answer

The answer of In the past 30 years,the U.S.has ______...

Question 15

______ refers to the strategy of pursuing opportunities anywhere in the world that enable a firm to optimize its business functions in the countries in which it operates.
A)Vertical integration
B)Horizontal integration
C)Globalization
D)Franchising

Accepted Answer

Globalization refers to the strategy of pursuing opportunities anywhere in the world that enable a firm to optimize its business functions in the countries in which it operates. Vertical integration refers to a company expanding into its supply chain or distribution network, while horizontal integration refers to a company merging with or acquiring competitors in the same industry. Franchising refers to a company allowing others to use its brand and business model in exchange for payment and following certain guidelines.

Question 16

Overall,in less than 20 years,______ countries will be overshadowed by ______ countries in their produced share of the world's output.
A)Oil producing; rich industrial
B)Rich industrial; developing
C)Developing; oil producing
D)Oil producing; gold producing

Accepted Answer

This choice suggests that the developing countries will overshadow the rich industrial countries in terms of their produced share of the world's output. The other choices involve oil or gold producing countries, which may not necessarily have a significant impact on the world's output as a whole.

Question 17

Which of these represent the second level in the evolution of a global corporation?
A)Foreign licensing
B)Direct investment
C)Export-import
D)Bartering

Accepted Answer

The answer of Which of these represent the second level...

Question 18

Firms from which country lead the way in "direct foreign investment" in the United States?
A)Japan
B)India
C)China
D)United Kingdom

Accepted Answer

The answer of Firms from which country lead the way...

Question 19

Which country is expected to have a commanding lead in the size of its economy by 2020?
A)The United States
B)India
C)China
D)Japan

Accepted Answer

China is expected to have a commanding lead in the size of its economy by 2020 according to economic forecasts and projections.

Question 20

Which country leads in chemicals and pharmaceuticals,precision and heavy machinery,heavy electrical goods and surface transport equipment?
A)France
B)Germany
C)Japan
D)The U.S.

Accepted Answer

Germany leads in chemicals and pharmaceuticals, precision and heavy machinery, heavy electrical goods, and surface transport equipment. These industries are important for the German economy, and the country has a strong focus on innovation and technology in these sectors.

Quiz 5: The Global Environment

______ leads in optics,solid-state physics,engineering,chemistry and process metallurgy.

A(n) ______ orientation believes that the values and priorities of the parent organization should guide the strategic decision making of all its operations.

The most involved strategy level in the evolution of a global corporation in characterized by

Direct penetration of foreign markets makes sense as a competitive weapon because a firm can drain vital ____ from a foreign competitor's domestic operations.

The evolution of a global corporation often entails progressively involved strategy levels.What level has the minimal effect on existing product lines?

The 100 largest U.S.global earn an average of ___ percent of their operating profits abroad.

______ is the use of a common product,service,and message across all markets to create a strong brand image.

At what level do firms begin to emerge as global enterprises with global approaches to production,sales,finance,and control?

Firms at what strategy level are called multinational corporations (MNCs) ?

Which one of the following is NOT a strategic orientation of global firms?

______ is the development of modified products and services,and the use of somewhat tailor-made messages,to meet the demands of a local population

The change in customer _______ behavior was the beginning of an evolution in international strategy.

MNCs are involved mainly in which of the following strategies?

In the past 30 years,the U.S.has ______ in terms of technological advantage.

______ refers to the strategy of pursuing opportunities anywhere in the world that enable a firm to optimize its business functions in the countries in which it operates.

Overall,in less than 20 years, countries will be overshadowed by countries in their produced share of the world's output.

Which of these represent the second level in the evolution of a global corporation?

Firms from which country lead the way in "direct foreign investment" in the United States?

Which country is expected to have a commanding lead in the size of its economy by 2020?

Which country leads in chemicals and pharmaceuticals,precision and heavy machinery,heavy electrical goods and surface transport equipment?