In Porter"s model, if a country has both ________ and __________ production factors, it is likely to serve an industry well by spawning strong home-country competitors that can also be successful global competitors.(A) basic; advanced(B) advanced; generalized(C) basic; generalized(D) advanced; specialized


Japan, due to a lack of undeveloped land, would be an unusual choice of location for a U.S. cattle company to set up local grazing operations. This limiting factor would be identified in what part of Porter"s determinants of national advantage?(A) Factors of production(B) Demand conditions(C) Related and supporting industries(D) Firm strategy, structure, and rivalry


A fundamental reason for a country"s development of advanced and specialized factors of production is often its: ​(A) lack of basic resources.(B) monetary wealth.(C) small workforce.(D) protective tariffs.

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The four aspects of Porter"s model of international competitive advantage include all of the following EXCEPT:(A) factors of production.(B) demand conditions.(C) political and economic institutions.(D) related and supporting industries.


Which pair of industries would NOT be considered as "related and supporting" under Porter"s diamond model?(A) Japanese cameras and copiers(B) Italian leather-processing and shoes(C) U.S. computers and software(D) highway systems and the supply of debt capital


In France, fine dressmaking and tailoring have been a tradition predating Queen Marie Antoinette. Cloth manufacturers, design schools, craft apprenticeship programs, modeling agencies, and so forth, all exist to supply the clothing industry. This is an example of the ____ in Porter"s model.(A) strategy, structure, and rivalry among firms(B) related and supporting industries(C) demand conditions(D) factors of production


A large domestic market can provide the country"s industries a chance at dominating the worldmarket because:(A) they have been able to develop economies of scale at home.(B) they have access to abundant and inexpensive factors of production.(C) the related and supporting industries will have been developed.(D) the nation"s culture and educational system will be adapted to producing the labor force needed for the industry.


In addition to the four basic dimensions of Porter"s "diamond" model, ____ may also contribute to the success or failure of firms.(A) national work ethic(B) educational requirements(C) government policy(D) national pride


All of the following are correct about what managers should know about firms based in a country with a national competitive advantage EXCEPT:(A) success is not guaranteed as the firm implements its chosen international business-level strategy.(B) the actual strategic choices made are most compelling reasons for success or failure.(C) success is guaranteed as the firm implements its chosen international business-level strategy.(D) the determinants of national competitive advantage provide a foundation for a firm"s competitive advantages.


All of the following are international corporate-level strategies EXCEPT the ____ strategy.(A) multi-domestic(B) universal(C) global(D) transnational


International corporate-level strategy focuses on:(A) the scope of operations through both product and geographic diversification.(B) competition within each country.(C) economies of scale.(D) sophistication of monitoring and controlling systems.


Effectively implementing the ________ international corporate-level strategy often produces higher performance than does implementing either the _______ or _________ strategies.(A) multi-domestic; global; transnational(B) global; multi-domestic; transnational(C) cost leadership; differentation; focus(D) transnational; multi-domestic; global


A multi-domestic corporate-level strategy is one in which:(A) a corporation chooses not to compete internationally but where there are a number of international competitors in the firm"s local marketplace.(B) the firm produces a standardized product, but markets it differently in each country in which it competes.(C) the firm customizes the product for each country in which it competes.(D) the firm competes in a number of countries, but it is centrally coordinated by the home office.


A multi-domestic corporate-level strategy has ____ need for global integration and ____ need for local market responsiveness.(A) low; low(B) low; high(C) high; low(D) high; high


A global corporate-level strategy differs from a multi-domestic corporate-level strategy in that in a global strategy:(A) competitive strategy is dictated by the home office.(B) competitive strategy is decentralized and controlled by individual strategic business units.(C) products are customized to meet the individual needs of each country.(D) the firm sells in multiple countries.


A global corporate-level strategy emphasizes:(A) differentiated products.(B) economies of scale.(C) sensitivity to local product preferences.(D) decentralizing control and limited monitoring.


A global strategy:(A) is easy to manage because of common operating decisions across borders.(B) achieves efficient operations without sharing resources across country boundaries.(C) increases risk because decision making is centralized at the home office.(D) lacks responsiveness to local markets.


A global corporate-level strategy assumes:(A) efficiency and customization can be achieved simultaneously.(B) a rise in income levels across the world.(C) increasing levels of cultural differences among nations.(D) more standardization of products across country markets.


The transnational strategy is becoming increasingly necessary to compete in international markets for all the following reasons EXCEPT:(A) the growing number of competitors heightens the requirements to keep costs down.(B) the desire for specialized products to meet consumers" needs.(C) differences in culture and institutional environments also require firms to adapt their products and approaches to local environments.(D) it is easy to use.


In China, Starbucks is standardizing its operations while simultaneously decentralizing some decision-making responsibility to local levels to meet customers" tastes. Starbucks is following the __________ international corporate-level strategy.(A) transnational(B) global(C) differentiation(D) multi-domestic


Increasingly, customers worldwide are demanding emphasis on local requirements and companies require efficiency as global competition increases. This has triggered an increase in the number of firms using the ____ strategy.(A) multi-domestic(B) transnational(C) universal(D) global


The two important environmental trends that influence a firm"s choice and use of international corporate-level strategies are _________ and __________.(A) culture; geographic scope(B) cost; quality(C) regionalization; globalization(D) liability of foreignness; regionalization


Disney suffered lawsuits in France at Disneyland Paris as a result of the lack of fit between its transferred personnel policies and the French employees charged to enact them. This is an example of:(A) the effects of regionalization.(B) the risks of a multi-domestic strategy.(C) the liability of foreignness.(D) the effect of demand conditions.


_________ is the set of costs associated with unfamiliar operating environments; economic, administrative and cultural differences; and the challenges of coordination over distances.(A) Transnational risk(B) Regionalization(C) Liability of foreignness(D) International risk


Associations such as the European Union, Organization of American States, and the North American Free Trade Association, encourage:(A) global strategies.(B) domestication.(C) regional strategies.(D) nationalization.


A firm may narrow its focus to a specific region of the world:(A) because that market is most different from its domestic market and so represents an unexploited "greenfield opportunity" for its products.(B) in order to obtain greater economies of scale.(C) so that it can better understand the cultures, legal and social norms, and other factors that are important for effective competition in those markets.(D) to take advantage of limited protections of intellectual property so that it can manufacture innovative products without restrictions.


(C) so that it can better understand the cultures, legal and social norms, and other factors that are important for effective competition in those markets.


Skaredykat Inc. is considering initial expansion beyond its home market. The firm has decided not to enter markets that differ greatly from its home market, instead expanding within the twelve-nation region that includes its home country. Which one of these is true?(A) The firm is not engaging in international trade.(B) The firm is using a regional approach to international expansion.(C) The firm will not be able understand the cultures, legal, and social norms of this market.(D) Skaredykat is too afraid to implement an international strategy.


Most firms enter international markets sequentially, introducing their ____ first.(A) most innovative products(B) largest and strongest lines of business(C) most generic products, which will be more likely to generate universal product demand,(D) products customized to the region


A U.S. manufacturer of adaptive devices for persons with disabilities is considering expanding internationally. It is a fairly small company, but it is looking for growth opportunities. This company should primarily consider the option of:(A) licensing.(B) exporting.(C) a strategic alliance.(D) a greenfield venture.

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The choices that a firm has for entering the international market include all of the following EXCEPT:(A) exporting.(B) licensing.(C) leasing.(D) acquisition.