Exam (elaborations)
International Business 3rd Edition by Michael Geringer, Jeanne McNett
- Course
- Institution
- Book
International Business 3rd Edition by Michael Geringer, Jeanne McNett
[Show more]
Connected book
Book Title:
Author(s):
- Edition:
- ISBN:
- Edition:
More summaries for
-
Test Bank for International Business, 3rd Edition Geringer|| Chapter 1-15 | A+
-
Test Bank for International Business 3rd Edition by Michael Geringer and Jeanne McNett
-
TEST BANK for International Business, 3rd Edition by Michael Geringer and Jeanne McNett. all Chapter 1 – 15 fully covered ISBN-9781265045845
Seller
Follow
kushboopatel6867
Reviews received
Content preview
TEST BANK and SOLUTION MANUAL For InternationalBusiness 3rd Edition by Michael Geringer, Jeanne
McNett
a firms strategy can be defined as the actions that managers take to attain the goals
of the firm - ANSWER: true
the preeminent strategic goal for most firms is to maximize the value of the firm for
its owners - ANSWER: true
the customer is able to garner the benefit of the consumer surplus because one firm
is competing with other firms for the customers business, so the firm must charge a
lower price than it could if it was a monopoly supplier - ANSWER: true
according to porter, the way to create superior value is to drive down the cost
structure of the business and differentiate the product in some way so that
consumers value it more - ANSWER: true
for a firm, all positions on the efficiency frontier are viable - ANSWER: false
support activities are always less important than the primary activities in achieving a
competitive advantage - ANSWER: false
the success of many multinational corporations its 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 -
ANSWER: true
the skills within the firm that a competitor cannot easily match or imitate are known
as core competence - ANSWER: true
systematic increases in sales that have been observed to occur over the life of the
product are referred to as the experience curve - ANSWER: false
one of the sources of economies of scale is the ability to spread fixed costs over a
large volume - ANSWER: true
once a firm has established a low cost position it can act as a barrier to new
competition - ANSWER: true
in a multinational enterprise, skills are always generated at the headquarters
location and are then dispersed to the rest of the organization - ANSWER: false
To leverage subsidiary skills, companies should establish incentive systems that
encourage local employees to acquire new skills. - ANSWER: true
, Universal needs exist when the tastes and preferences of consumers in different
nations are similar if not identical - ANSWER: true
when consumers tastes and preferences differ significantly between countries, there
is low pressure for local responsiveness - ANSWER: false
Threats of protectionism, economic nationalism, and local content rules dictate that
international businesses manufacture locally - ANSWER: true
a global standardization strategy is appropriate when a firm is facing low pressures
for cost reduction but high pressure for local responsiveness - ANSWER: false
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 localization strategy - ANSWER:
false
research has shown that In the modern multinational enterprise, core competencies
typically reside in the home country - ANSWER: false
Enterprises that pursue an international strategy tend to decentralize control over
marketing and product strategies. - ANSWER: false
____ is measure by the percentage increase in net profits over time - ANSWER: profit
growth
The amount of value a firm creates is measured by - ANSWER: the difference
between its costs of production and the value that consumers perceive in its
products.
the ___ all of the different positions that a firm can adopt with regard to adding
value to the product and low cost assuming that its internal operations are
configured efficiently to support a particular position - ANSWER: efficiency frontier
shows
the strategy operations and organization of a firm must all be consistent with each
other if the firm is to ____ and achieve superior profitability - ANSWER: attain a
competitive advantage
____ include the design, creation, and delivery of a product - ANSWER: primary
activities
research and development, production, marketing and sales, and customer service
are all examples of - ANSWER: primary activities
top management should be viewed as part of the firms - ANSWER: infrastructure
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller kushboopatel6867. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $17.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
77254 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now