A) offering a narrow product line aimed at serving buyers in the same segments of country markets worldwide.
B) giving local managers considerable strategy-making latitude and often producing different product versions for different countries.
C) adopting aggressive efforts to locate facilities in those country markets that have superior resources.
D) pursuing strong product differentiation and competing in many buyer segments.
E) extensive efforts to transfer a company's competencies and resource strengths from one country to another so as to keep entry costs into new country markets low.
G) A) and E)
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Using domestic plants as a production ba...View Answer
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A) a "think-global, act-global" approach entails extensive strategy coordination across countries and a "think-global, act-local" approach entails little or no strategy coordination across countries.
B) the former aims at implementing the same business model worldwide, whereas the latter aims at implementing customized business models to better match local market circumstances.
C) the "think-global, act-global" approach gives local managers more latitude to make minor strategy variations where necessary to better satisfy local buyers and to better match local market conditions.
D) a "think-global, act-global" approach involves selling a mostly standardized product worldwide, whereas a "think-global, act-global" approach entails selling products that are highly differentiated from country to country.
E) a "think-global, act-global" approach involves selling under a single brand name worldwide, whereas a "think-global, act-local" approach entails utilizing multiple brands (typically one for each different country or group of neighboring countries) .
G) C) and E)
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A company may be able to extend a market...View Answer
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A) a profit sanctuary strategy
B) an international strategy
C) a global strategy
D) a multidomestic strategy
E) a transnational strategy
G) All of the above
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A) promotes fair trade practices
B) actively polices dumping
C) deals with the rules of trade between nations
D) helps producers, exporters, and importers conduct business
E) sets countries' tariff rates
G) C) and D)
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A) to spread its business risk across a wider geographic market base
B) to capitalize on company competencies and capabilities
C) to gain access to new customers in new markets
D) to build the profit sanctuary necessary to wage guerrilla offensives against global challengers endeavoring to invade its home market
E) to achieve lower costs and enhance the firm's competitiveness.
G) A) and C)
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A) glocalization strategy.
B) international strategy.
C) think-local, act-global strategy.
D) cross-border integrated strategy.
E) standardized integrated strategy.
G) A) and E)
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A company may opt to expand outside its ...View Answer
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A) Facebook took over WhatsApp for $19 billion in February 2014.
B) Hyundai Motor Company plans to open a new manufacturing plant in the Czech Republic.
C) The insurance company Geico is a wholly owned subsidiary of Berkshire Hathaway.
D) Renault-Nissan sells more than one in ten cars worldwide.
E) Carrefour, a French grocery chain, established a new wholly-owned venture in Poland.
G) C) and E)
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A) competing on a more global scale while still preserving their independence
B) gaining better access to scale economies in production and/or marketing
C) filling competitively important gaps in their technical expertise and/or knowledge of local markets
D) sharing distribution facilities and dealer networks, thus mutually strengthening their access to buyers
E) creating permanent arrangements between the domestic and foreign firms
G) B) and E)
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A) Mahindra and Mahindra ranked number one in J. D. Power Asia Pacific's new-vehicle overall quality category.
B) Home Depot could rely on its value propositions only in some developing countries.
C) Unilever developed a low-cost detergent, named Wheel, for the Indian market.
D) Japan is known for its competitive strength in consumer electronics.
E) In China, Dell moved from its traditional Internet-based orders to orders over phone and fax.
G) B) and D)
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Crafting a strategy to compete in one or...View Answer
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A) Because decline in the value of the ringgit against the euro raises the cost of furniture manufactured in Malaysia, making it less competitive in European markets.
B) Because decline in the value of the ringgit against the euro reduces the cost of furniture manufactured in Malaysia, making it more competitive in European markets.
C) Because decline in the value of the ringgit against the euro has no impact on the cost of furniture manufactured in Malaysia, both in Malaysian or European markets.
D) Because decline in the value of the ringgit against the euro makes European goods more competitive as compared to Malaysian goods.
E) Because decline in the value of the ringgit against the euro makes Malaysian goods less competitive in the U.S. market.
G) D) and E)
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A) different styles of management, organization, and strategy
B) knowledge sharing within same value chain system
C) availability of natural resources at low cost
D) growth potential and large size of the market
E) government policies in the host country
G) C) and D)
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A) there are significant scale economies in performing an activity.
B) the costs of manufacturing or other activities are significantly lower in some geographic locations than in others.
C) when there is a steep learning or experience curve associated with performing an activity in a single location (thus making it economical to serve the whole world market from just one or maybe a few locations) .
D) certain locations have superior resources, allow better coordination of related activities, or offer other valuable advantages.
E) the addition of new production capacity will not adversely impact the supply-demand balance in the local market.
G) C) and E)
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A) regulations enacted by the host governments requiring that products sold locally meet strictly defined manufacturing specifications or performance standards.
B) significant country-to-country differences in customer preferences and buying habits.
C) diverse and complicated trade restrictions of host governments preclude the use of a uniform strategy from country-to-country.
D) significant country-to-country differences in distribution channels and marketing methods.
E) large demands to pursue conflicting objectives simultaneously.
G) All of the above
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A) where the company creates a wholly owned subsidiary business by setting up all aspects of the operation upon entering the market from the ground up.
B) where foreign facilities and marketing strategies are shared with local businesses.
C) where the company learns through training by the foreign entity on how to compete.
D) that supports exports into a foreign market by marketing indirectly thru local rivals.
E) that offers lower risk and a faster path to financial returns.
G) A) and B)
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A) Countries previously closed to foreign companies have opened their markets.
B) Countries that previously had planned economies now embrace mixed or market economies.
C) Information technology is shrinking the importance of geographic distance.
D) Growth-minded companies are racing to build stronger competitive positions in the markets of more countries.
E) Countries opposed to market or mixed economies have stringent trade barriers in place.
G) B) and C)
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A) raise the entry barriers for industry newcomers, neutralize the bargaining power of important suppliers, grow sales faster, and increase the number of loyal customers.
B) avoid having to employ an export strategy, avoid the threat of cross-market subsidization from rivals, and enable the use of a global strategy instead of a multidomestic strategy.
C) grow sales faster than the industry average, reduce the competitive threats from rivals, and open up more opportunities to enter into strategic alliances.
D) boost returns on investment, broaden their product lines, avoid tariffs and trade restrictions, and escape dealing with strong labor unions.
E) gain access to new customers, achieve lower costs, enhance the company's competitiveness, capitalize on core competencies, and spread business risk across a wider market base.
G) A) and C)
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