International Business Opportunities and Challenges Study Set 2

Business

Quiz 10 :

Strategy and International Business

Quiz 10 :

Strategy and International Business

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A global strategy emphasizes economies of scale and offers greater opportunities to utilize innovations developed at the corporate level or in one country in other markets.
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True

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Corporate strategy is concerned with the manner in which an organization should compete in the market.
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False

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Staging and pacing refer to how the firm will generate positive returns over and above its cost of capital.
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False

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In outsourcing, the company takes a function out of its home country and places the function in another country, generally at a lower cost.
True False
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Strategy formulation is the process of performing all the activities necessary to do what has been planned.
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Business-level strategies are intended to create differences between a firm's position and those of its rivals.
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The disadvantage of a multidomestic strategy is that it cannot take advantage of economies of scale that could help decrease costs for the firm overall.
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The disadvantage of a global strategy is that the firm faces more uncertainty because of the tailored strategies in different countries.
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An international strategy has to be adjusted to adapt, overcome, or exploit differences across countries and regions.
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Business strategy is concerned with the kind of business an organization should undertake.
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Decisions about a firm's arenas may encompass its products, services, distribution channels, market segments, geographic areas, technologies, and even stages of the value-creation process.
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A multidomestic strategy is centralized and controlled by the home office and seeks to maximize global efficiency.
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The multidomestic strategy has been more commonly used by European multinational firms because of the variety of cultures and markets found in Europe.
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Differentiators help one to determine which particular industry or geographic segments are a firm's prime competitive arenas.
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Differentiation means that the firm seeks to make its products at the lowest cost possible relative to its competitors while maintaining a quality that is acceptable to consumers.
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Purchasing, logistics, inventory, and customer service form the key value-chain activities of an organization.
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Vehicles are the means for participating in targeted arenas.
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In northern England, KFC stresses gravy and potatoes, while in Thailand, it offers fresh rice with soy or sweet chili sauce. This is an example of a global strategy.
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Only the primary activities make up a firm's value chain.
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Economies of scope are similar in concept to economies of scale.
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