FiltersDone

Question type

Essay

Multiple Choice

Short Answer

True False

Matching

Exam 13: The Strategy of International Business

Show Answer

Share

---

All types

Filters

Study FlashcardsPractice ExamLearn

Question 1

Essay

Review LaterAdd Note

Review Later

How can a firm increase its profitability?

Correct Answer

verified

The way to increase the profitability of...

View Answer

Show Answer

Question 2

True/False

Review LaterAdd Note

Review Later

The success of many multinational corporations is based not just upon the goods or services that they sell in foreign nations,but also upon the core competencies that underlie the development,production,and marketing of those goods or services.

Correct Answer

verified

Show Answer

Question 3

Essay

Review LaterAdd Note

What is strategy? How does strategy relate to a firm's profitability?

Support activities include the design,creation,and delivery of a product.

In a multinational enterprise,skills are always generated at the headquarters location and are then dispersed to the rest of the organization.

The price a firm charges for a good or service is typically less than the value placed on that good or service by the customer.This is because:

What are learning effects? When are learning effects most significant?

Two types of competitive pressure that affect the ability of multinational enterprises to compete in the global marketplace are pressure for cost reductions and pressure for local responsiveness.

The amount of value a firm creates is measured by the difference between its costs of production and the price that it charges for its products.

How can firms successfully leverage the skills developed at the subsidiary level?

As competition intensifies,global standardization strategies and transnational strategies tend to become less viable,and managers need to orientate their companies toward either an international strategy or a localization strategy.

When companies disperse different stages of the value chain to those locations around the world where perceived value is maximized or where the costs of value creation are minimized,companies create:

What is the difference between profitability and profit growth?

What is a core competence? Why is it essential to the success of the firm?

Discuss Michael Porter's interpretation of value creation and competitive advantage.

A firm that is facing both strong cost pressures and strong pressures for local responsiveness should follow a(n) _____ strategy.

Which of the following is an example of a primary activity in a firm's value chain?

Economies that arise from performing a value creation activity in the optimal location are known as location economies.

Consider a transnational strategy.Why would a firm choose this strategic alternative? What are the disadvantages of this strategy?

A firm's strategy can be defined as the actions that managers take to attain the goals of the firm.