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Exam 7: International Strategy: Creating Value in Global Markets

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Question 41

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Many international firms are increasing their efforts to market their products and services to countries such as India and China as the ranks of their middle class continue to increase.

A) True
B) False

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Question 42

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A multidomestic strategy is the most appropriate strategy for international operations because it drives economies of scale as far as possible and provides a middle-of-the-road product that appeals to the largest number of consumers in every market.

A) True
B) False

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Question 43

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

Statistics indicate that over half of the world output now comes from emerging markets.This is leading to a(n) ________ of living standards across the globe and is changing the face of business.

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

In the Kulshrestha article "Learning from Mistakes" that is presented at the beginning of the textbook chapter,only a few Indian malls built after 1990 have been successful over the long term.Why?

Shared Arabic language and the Muslim religion is one reason that explains regionalism tendencies in

In addition to responding to pressures to lower costs,managers must strive to be responsive to global pressures to tailor their products to the demand of the local market in which they do business.

The need to attain economies of scale encourages multinational firms to operate under a multidomestic strategy.

According to the textbook,globalization involves international exchange.Included in this exchange is trade in goods and services as well as the exchange of ________,________,and ________ across countries.

Regionalization is most important because it permits companies to organize their activities based upon

What is international strategy? Discuss the risks and challenges associated with an international strategy.

In a world of instant communication,rapid transportation,and governments that are increasingly willing to open up their markets to trade and investment,why are there so few global firms?

With regard to factor conditions,the pool of resources that a firm (or nation)has is much more important than the speed and efficiency with which these resources are deployed.

Reverse innovation occurs when a company develops a product that meets the needs of a developed country and then adapts it to the needs of the developing country.

The creation of a third-party legal entity is required for___________,whereas for ________ it is not.

What are the four basic types of international strategies that a company may pursue? Explain how the selection of one of these strategies is largely dependent on the relative pressure on the firm to address cost reduction and adaptation to local markets.

For years O.R.T.Technologies resisted moving any operations outside Israel.However,when faced with a sharp rise in the value of the shekel,the maker of specialized software for managing gas stations froze all local hiring and decided to transfer some developmental work to Eastern Europe.This is an example of ________ risk.

Which of these points on the Porter diamond of national advantage is the strongest indicator of global competitive success?

Greeks reacted negatively to Coca-Cola advertising using Coke bottles as pillars for the Parthenon.This is a form of ________ risk.