Question 1

______________ is concerned with the creation of goods or service.

Accepted Answer

A)  Profitability
B)  Marketing
C)  Sales
D)  Production
E)  R&DF) B) and C)
G) C) and D)

Question 2

What is the experience curve? How can an involvement in overseas markets help a firm capture experience curve advantages more rapidly?

Accepted Answer

The experience curve refers to the syste...

Question 3

If Honda noticed that the unit costs of Honda Accords went down as the number of Accord's produced went up, Honda would be realizing the benefits of _______________.

Accepted Answer

A)  captured savings
B)  volume synergies
C)  economies of scale
D)  rent effects
E)  learning effectsF) A) and D)
G) A) and E)

Question 4

_________________ agreements are one way to achieve the goal of swapping skills and technologies that each company in a strategic alliance covets, and ensuring a chance for equitable gain.

Accepted Answer

A)  Join venture
B)  Sharing
C)  Cross-licensing
D)  Learning
E)  ContractualF) B) and E)
G) D) and E)

Question 5

Profit can be defined as:

Accepted Answer

A)  costs minus profits
B)  the difference between time and money
C)  quantity times profit
D)  sales plus costs
E)  the difference between TR and TCF) A) and C)
G) B) and E)

Question 6

Skills within the firm that competitors cannot easily match or imitate are referred to as

Accepted Answer

A)  core competencies.
B)  global competencies.
C)  in-born skills.
D)  competitive threats.
E)  competitive competenciesF) None of the above
G) A) and B)

Question 7

Human resources, materials management, and manufacturing are included as the primary activities in a firm's value chain.

Accepted Answer

A) True 
 B)False

Question 8

When there are differences in infrastructure and/or traditional practices between countries, pressures for local responsiveness emerge.

Accepted Answer

A) True 
 B)False

Question 9

Value chain activities can be categorized as:

Accepted Answer

A)  primary activities and secondary activities
B)  input activities and throughput activities
C)  profitable activities and unprofitable activities
D)  primary activities and support activities
E)  value creation and value deliveryF) D) and E)
G) A) and B)

Question 10

Firms pursuing a(n)  _________________ strategy orient themselves toward achieving maximum local responsiveness.

Accepted Answer

A)  international
B)  domestic
C)  multi-domestic
D)  global
E)  multinationalF) A) and E)
G) D) and E)

Question 11

Firms that pursue a(n)  _______________ strategy focus on increasing profitability by reaping the cost reductions that come from experience curve effects and location economies.

Accepted Answer

A)  multi-domestic
B)  multinational
C)  international
D)  global
E)  transnationalF) A) and D)
G) C) and D)

Question 12

Economies that arise from performing a value creation activity in the optimal location for that activity are called _____________.

Accepted Answer

A)  site expediencies
B)  location economies
C)  site commerce
D)  location synergies
E)  offshore savingsF) B) and C)
G) D) and E)

Question 13

According to Christopher Barlett and Sumantra Ghoshal, the flow of skills and product offerings should not be all one way, from home firm to foreign subsidiary.Rather, they argue that the flow should also be from foreign subsidiary to home country, and from foreign subsidiary to foreign subsidiary-a process they call:

Accepted Answer

A)  adaptive learning effect
B)  international education.
C)  international lore.
D)  worldwide effect.
E)  global learning.F) D) and E)
G) C) and E)

Question 14

Which of the following is not a typical characteristic of multi-domestic firms?

Accepted Answer

A)  Extensively customize both their product offerings
B)  Try to establish a complete set of value creation activities in each major national market in which they do business
C)  Have a low cost structure
D)  Do a poor job of leveraging core competencies within the firm
E)  Extensively customize their marketing strategy to match different national conditionsF) A) and B)
G) C) and D)

Question 15

The term _______________ refers to cooperative agreements between potential or actual competitors.

Accepted Answer

A)  tactical union
B)  strategic alliance
C)  political affiliation
D)  economic association
E)  global partnershipF) C) and D)
G) None of the above

Question 16

If Goodyear Tire Corporation experienced systematic reductions in the production costs of a particular product over the life of the product, they would be realizing ____________ effects.

Accepted Answer

A)  managed production
B)  forward advantage
C)  experience curve
D)  value chain
E)  economies of scaleF) A) and E)
G) All of the above

Question 17

Labour relations increase over time as individuals learn the most efficient ways to perform particular tasks.

Accepted Answer

A) True 
 B)False

Question 18

Threats of protectionism, economic nationalism, and local content rules:

Accepted Answer

A)  try to keep foreign companies out.
B)  dictate that international businesses manufacture locally.
C)  put harsh regulations on distribution.
D)  strictly regulate the raw materials that foreign companies use.
E)  make foreign markets unattractiveF) D) and E)
G) A) and B)

Question 19

Which of the following two strategies suffer from a failure to exploit experience curve effects?

Accepted Answer

A)  International and transnational
B)  multi-domestic and international
C)  Transnational and global
D)  Global and international
E)  multi-domestic and multinationalF) A) and B)
G) A) and C)

Question 20

The support activities of the value chain provide outputs that allow all activities to take place.

Accepted Answer

A) True 
 B)False

Exam 11: Global Strategy

The support activities of the value chain provide outputs that allow all activities to take place.

Correct Answer
verified

The term _______________ refers to cooperative agreements between potential or actual competitors.

Correct Answer
verified

Firms pursuing a(n) _________________ strategy orient themselves toward achieving maximum local responsiveness.

Correct Answer
verified

When there are differences in infrastructure and/or traditional practices between countries, pressures for local responsiveness emerge.

Correct Answer
verified

Threats of protectionism, economic nationalism, and local content rules:

Correct Answer
verified

Labour relations increase over time as individuals learn the most efficient ways to perform particular tasks.

Correct Answer
verified

Which of the following two strategies suffer from a failure to exploit experience curve effects?

Correct Answer
verified

If Honda noticed that the unit costs of Honda Accords went down as the number of Accord's produced went up, Honda would be realizing the benefits of _______________.

Correct Answer
verified

Value chain activities can be categorized as:

Correct Answer
verified

_________________ agreements are one way to achieve the goal of swapping skills and technologies that each company in a strategic alliance covets, and ensuring a chance for equitable gain.

Correct Answer
verified

Economies that arise from performing a value creation activity in the optimal location for that activity are called _____________.

Correct Answer
verified

Profit can be defined as:

Correct Answer
verified

Correct Answer
verified

Human resources, materials management, and manufacturing are included as the primary activities in a firm's value chain.

Correct Answer
verified

Which of the following is not a typical characteristic of multi-domestic firms?

Correct Answer
verified

Firms that pursue a(n) _______________ strategy focus on increasing profitability by reaping the cost reductions that come from experience curve effects and location economies.

Correct Answer
verified

If Goodyear Tire Corporation experienced systematic reductions in the production costs of a particular product over the life of the product, they would be realizing ____________ effects.

Correct Answer
verified

______________ is concerned with the creation of goods or service.

Correct Answer
verified

What is the experience curve? How can an involvement in overseas markets help a firm capture experience curve advantages more rapidly?

Correct Answer
verified
The experience curve refers to the syste...
View Answer

Skills within the firm that competitors cannot easily match or imitate are referred to as

Correct Answer
verified

Exam 11: Global Strategy

The support activities of the value chain provide outputs that allow all activities to take place.

Correct AnswerverifiedShow Answer

The term _______________ refers to cooperative agreements between potential or actual competitors.

Correct AnswerverifiedShow Answer

Firms pursuing a(n) _________________ strategy orient themselves toward achieving maximum local responsiveness.

Correct AnswerverifiedShow Answer

When there are differences in infrastructure and/or traditional practices between countries, pressures for local responsiveness emerge.

Correct AnswerverifiedShow Answer

Threats of protectionism, economic nationalism, and local content rules:

Correct AnswerverifiedShow Answer

Labour relations increase over time as individuals learn the most efficient ways to perform particular tasks.

Correct AnswerverifiedShow Answer

Which of the following two strategies suffer from a failure to exploit experience curve effects?

Correct AnswerverifiedShow Answer

If Honda noticed that the unit costs of Honda Accords went down as the number of Accord's produced went up, Honda would be realizing the benefits of _______________.

Correct AnswerverifiedShow Answer

Value chain activities can be categorized as:

Correct AnswerverifiedShow Answer

_________________ agreements are one way to achieve the goal of swapping skills and technologies that each company in a strategic alliance covets, and ensuring a chance for equitable gain.

Correct AnswerverifiedShow Answer

Economies that arise from performing a value creation activity in the optimal location for that activity are called _____________.

Correct AnswerverifiedShow Answer

Profit can be defined as:

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Human resources, materials management, and manufacturing are included as the primary activities in a firm's value chain.

Correct AnswerverifiedShow Answer

Which of the following is not a typical characteristic of multi-domestic firms?

Correct AnswerverifiedShow Answer

Firms that pursue a(n) _______________ strategy focus on increasing profitability by reaping the cost reductions that come from experience curve effects and location economies.

Correct AnswerverifiedShow Answer

If Goodyear Tire Corporation experienced systematic reductions in the production costs of a particular product over the life of the product, they would be realizing ____________ effects.

Correct AnswerverifiedShow Answer

______________ is concerned with the creation of goods or service.

Correct AnswerverifiedShow Answer

What is the experience curve? How can an involvement in overseas markets help a firm capture experience curve advantages more rapidly?

Correct AnswerverifiedThe experience curve refers to the syste...View AnswerShow Answer

Skills within the firm that competitors cannot easily match or imitate are referred to as

Correct AnswerverifiedShow Answer

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Correct Answer
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Correct Answer
verified
The experience curve refers to the syste...
View Answer

Correct Answer
verified