Question 1

Briefly describe the four strategic alternatives for international business. Identify the four basic components of any type of international strategy.

Accepted Answer

The four strategies are home replication...

Question 2

Mercedes-Benz relies on its brand name and reputation for well-engineered, luxurious cars to succeed in foreign markets. Mercedes-Benz is most likely using the ________ strategy.

Accepted Answer

A)   multidomestic
B)   home replication
C)   transnational
D)   global

Question 3

Multinational flexibility is ________.

Accepted Answer

A)   higher when strategy is centralized
B)   higher when R&D is concentrated at the headquarters
C)   greater when marketing programs develop domestically
D)   enhanced when responsibility is delegated to subsidiaries

Question 4

Explain the purpose of a mission statement.

Accepted Answer

The mission statemen...

Question 5

Disney uses the related diversification strategy.

Accepted Answer

A) True 
 B)False  True

Question 6

What is the purpose of conducting a SWOT analysis? As an international manager, how would you conduct a SWOT analysis? How would you use the gathered information?

Accepted Answer

SWOT is an acronym for "Strengths, Weakn...

Question 7

Why did Toyota initially struggle in the Chinese market?

Accepted Answer

Toyota initially struggled in ...

Question 8

________ is a comprehensive and ongoing management planning process aimed at formulating and implementing strategies that enable a firm to compete effectively internationally.

Accepted Answer

A)   International strategic management
B)   International operations strategy
C)   Multinational flexibility
D)   Global management A

Question 9

Nike achieved ________ by centering its manufacturing in countries where labor costs are relatively low.

Accepted Answer

A)   multinational flexibility
B)   economies of scale
C)   location efficiencies
D)   economies of scope

Question 10

Multinational flexibility is enhanced when control is centralized.

Accepted Answer

A) True 
 B)False

Question 11

IKEA attempts to capture global efficiencies while remaining responsive to local conditions. IKEA follows a ________.

Accepted Answer

A)   multidomestic strategy
B)   home replication strategy
C)   transnational strategy
D)   global strategy

Question 12

There are many similarities between developing a strategy for competing in a single country and developing one for competing in multiple countries.

Accepted Answer

A) True 
 B)False

Question 13

Resource deployment answers the question: "How can different elements of our business benefit each other?"

Accepted Answer

A) True 
 B)False

Question 14

A(n)  ________ calls for the firm to operate in several different but fundamentally related businesses, industries, or markets at the same time.

Accepted Answer

A)   corporate strategy
B)   single-business strategy
C)   related diversification strategy
D)   unrelated diversification strategy

Question 15

What is a related diversification strategy?

Accepted Answer

A related diversification stra...

Question 16

Which strategy combines the benefits of global scale efficiencies and local responsiveness?

Accepted Answer

A)   multidomestic strategy
B)   home replication strategy
C)   transnational strategy
D)   global strategy C

Question 17

When using a(n)  ________, a firm utilizes the core competency or firm-specific advantage it developed in the domestic market as its main competitive weapon in the foreign markets it enters.

Accepted Answer

A)   multidomestic strategy
B)   home replication strategy
C)   transnational strategy
D)   international strategy

Question 18

Dixon Enterprises, an MNE, uses a global strategy, which means that the firm most likely has a ________ structure.

Accepted Answer

A)   decentralized
B)   centralized
C)   geographic
D)   market

Question 19

What is the final step of formulating an international business strategy?

Accepted Answer

A)   developing a control framework
B)   conducting an environmental scan
C)   specifying tactical goals and plans
D)   identifying relevant value chain activities

Question 20

What type of strategy does IKEA follow?

Accepted Answer

IKEA follows a transnational s...

Exam 11: International Strategic Management

Briefly describe the four strategic alternatives for international business. Identify the four basic components of any type of international strategy.

Correct AnswerverifiedThe four strategies are home replication...View AnswerShow Answer

Mercedes-Benz relies on its brand name and reputation for well-engineered, luxurious cars to succeed in foreign markets. Mercedes-Benz is most likely using the ________ strategy.

Correct AnswerverifiedShow Answer

Multinational flexibility is ________.

Correct AnswerverifiedShow Answer

Explain the purpose of a mission statement.

Correct AnswerverifiedThe mission statemen...View AnswerShow Answer

Disney uses the related diversification strategy.

Correct AnswerverifiedTrue

What is the purpose of conducting a SWOT analysis? As an international manager, how would you conduct a SWOT analysis? How would you use the gathered information?

Correct AnswerverifiedSWOT is an acronym for "Strengths, Weakn...View AnswerShow Answer

Why did Toyota initially struggle in the Chinese market?

Correct AnswerverifiedToyota initially struggled in ...View AnswerShow Answer

________ is a comprehensive and ongoing management planning process aimed at formulating and implementing strategies that enable a firm to compete effectively internationally.

Correct AnswerverifiedA

Nike achieved ________ by centering its manufacturing in countries where labor costs are relatively low.

Correct AnswerverifiedShow Answer

Multinational flexibility is enhanced when control is centralized.

Correct AnswerverifiedShow Answer

IKEA attempts to capture global efficiencies while remaining responsive to local conditions. IKEA follows a ________.

Correct AnswerverifiedShow Answer

There are many similarities between developing a strategy for competing in a single country and developing one for competing in multiple countries.

Correct AnswerverifiedShow Answer

Resource deployment answers the question: "How can different elements of our business benefit each other?"

Correct AnswerverifiedShow Answer

A(n) ________ calls for the firm to operate in several different but fundamentally related businesses, industries, or markets at the same time.

Correct AnswerverifiedShow Answer

What is a related diversification strategy?

Correct AnswerverifiedA related diversification stra...View AnswerShow Answer

Which strategy combines the benefits of global scale efficiencies and local responsiveness?

Correct AnswerverifiedC

When using a(n) ________, a firm utilizes the core competency or firm-specific advantage it developed in the domestic market as its main competitive weapon in the foreign markets it enters.

Correct AnswerverifiedShow Answer

Dixon Enterprises, an MNE, uses a global strategy, which means that the firm most likely has a ________ structure.

Correct AnswerverifiedShow Answer

What is the final step of formulating an international business strategy?

Correct AnswerverifiedShow Answer

What type of strategy does IKEA follow?

Correct AnswerverifiedIKEA follows a transnational s...View AnswerShow Answer

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The four strategies are home replication...
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The mission statemen...
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True

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SWOT is an acronym for "Strengths, Weakn...
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Toyota initially struggled in ...
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A

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A related diversification stra...
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C

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IKEA follows a transnational s...
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