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Exam 10: Global Strategy: Competing Around the World

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Question 31

Multiple Choice

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Which of the following globalization strategies requires managers working in multinational enterprises (MNEs) to remember to think globally,but act locally?

A) international strategy
B) global-standardization strategy
C) transnational strategy
D) focused-differentiation strategy

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Question 32

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Global Frontier Inc.wants to expand into the international market.It does not want to spend a very large amount of money for this process.However,Global Frontier wants to maintain some control in the foreign market.Which of the following would be the best entry mode for this firm?

A) joint ventures
B) acquisitions
C) greenfield operations
D) exports

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Question 33

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Toyota is selling its hybrid Prius vehicle,built on global platforms,successfully in 80 countries.This information best supports the assumptions made under the

Which of the following factors pertaining to national competitive advantage enabled Nokia,a multinational company from Finland,to become an early leader in cell phones?

India has been able to carve out a competitive advantage in business process outsourcing (BPO) primarily because

For a firm pursuing a global-standardization strategy,which of the following bases of competition becomes its primary weapon?

Food Works Inc.is a multinational fast-food chain that follows a multidomestic strategy.Which of the following statements most likely holds true for the company?

The transnational strategy is similar to a(n) _____ strategy because they both focus on product differentiation and low costs.

Which of the following statements accurately explains the primary reason behind Walmart's failure in Germany?

For which of the following types of industries is a multidomestic strategy most common?

Which of the following is a drawback of pursuing a transnational strategy?

Unilever's new-concept center is situated in downtown Shanghai,China,attracting hundreds of eager volunteers to test the firm's latest product innovations on-site while Unilever researchers monitor consumer reactions.In this example,Unilever is trying to reap the benefits of

Which of the following is part of Geert Hofstede's cultural dimensions?

The global-standardization strategy arises out of the combination of

Silca Electronics Inc.is a consumer-electronics company based in the country of Pelo.It has approximately 300 stores across the country and is already active in three foreign countries.It attempts to establish itself successfully in the country of Zevar,and uses its low-cost strategy to do so.However,due to the additional costs associated with training,coordinating across geographic distances,and other costs associated with doing business in an unfamiliar cultural and economic environment,Silca Electronics Inc.incurs huge financial losses in Zevar.In this scenario,Silca Electronics Inc.'s failure to establish itself successfully in Zevar occurs most likely because

Fierce domestic competition in Lobekistan makes a tough environment for any motorcycle company.Success requires top-notch engineering of chassis and engines,as well as keeping costs and fuel consumption in check.As a result,Lobekistan's motorcycles have a competitive advantage in the global market.According to Porter's diamond framework,this scenario shows the influence of competitive intensity in

United Nerumbia and Fernsland are two neighboring countries with strong economic disparities.However,both the countries share a common national language and the same political ideologies.The relationship between these two countries will most likely affect the trade of

A trend observed during the Globalization 3.0 stage involves

Which of the following will most likely increase geographic distance between two countries?

Which of the following is a benefit of a multinational enterprise (MNE) pursuing a global-standardization strategy?