Strategy And International Business

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Questions Bank

Introduction
International Trade and Foreign Direct Investment
Culture and Business
World Economies
Global and Regional Economic Cooperation and Integration
International Monetary System
Foreign Exchange and the Global Capital Markets
International Expansion and Global Market Opportunity Assessment
Exporting,Importing,and Global Sourcing
Strategy and International Business
Global Entrepreneurship and Intrapreneurship
Winning Through Effective,global Talent Management
Harnessing the Engine of Global Innovation
Competing Effectively Through Global Marketing,Distribution,and Supply-Chain Management
Understanding the Roles of Finance and Accounting in Global Competitive Advantage

All Questions

Question 1

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An international strategy has to be adjusted to adapt,overcome,or exploit differences across countries and regions.

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Question 2

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Strategy formulation is the process of performing all the activities necessary to do what has been planned.

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Question 3

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Business strategy is concerned with the kind of business an organization should undertake.

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Question 4

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Corporate strategy is concerned with the manner in which an organization should compete in the market.

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Question 5

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In outsourcing,the company takes a function out of its home country and places the function in another country,generally at a lower cost.

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Question 6

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Business-level strategies are intended to create differences between a firm's position and those of its rivals.

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Question 7

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Only the primary activities make up a firm's value chain.

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Question 8

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Purchasing,logistics,inventory,and customer service form the key value-chain activities of an organization.

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Question 9

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Differentiation means that the firm seeks to make its products at the lowest cost possible relative to its competitors while maintaining a quality that is acceptable to consumers.

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Question 10

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Economies of scope are similar in concept to economies of scale.

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Question 11

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The disadvantage of a multidomestic strategy is that it cannot take advantage of economies of scale that could help decrease costs for the firm overall.

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Question 12

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A multidomestic strategy is centralized and controlled by the home office and seeks to maximize global efficiency.

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Question 13

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The multidomestic strategy has been more commonly used by European multinational firms because of the variety of cultures and markets found in Europe.

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Question 14

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The disadvantage of a global strategy is that the firm faces more uncertainty because of the tailored strategies in different countries.

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Question 15

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In northern England,KFC stresses gravy and potatoes,while in Thailand,it offers fresh rice with soy or sweet chili sauce.This is an example of a global strategy.

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Question 16

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A global strategy emphasizes economies of scale and offers greater opportunities to utilize innovations developed at the corporate level or in one country in other markets.

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Question 17

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Decisions about a firm's arenas may encompass its products,services,distribution channels,market segments,geographic areas,technologies,and even stages of the value-creation process.

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Question 18

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Differentiators help one to determine which particular industry or geographic segments are a firm's prime competitive arenas.

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Question 19

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Vehicles are the means for participating in targeted arenas.

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Question 20

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Staging and pacing refer to how the firm will generate positive returns over and above its cost of capital.

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