Exam (elaborations)
mqm 350 exam 2 questions well answered to pass
- Course
- Institution
mqm 350 exam 2 questions well answered to pass
[Show more]
Content preview
mqm 350 exam 2Multinational companies face this fundamental strategic dilemma when competing internationally:
a. Customizing their organizations to accommodate regional differences
b. The local-responsiveness solution
c. The global-local dilemma
d. The global integration dilemma - correct answer ✔✔c. The global-local dilemma
A multidomestic strategy:
a. Gives top priority to local responsiveness
b. Is the most costly strategy
c. Gives top priority to adapting to multiple countries and regions
d. Gives top priority to generic strategies - correct answer ✔✔a. Gives top priority to local
responsiveness
A transnational strategy is one that:
a. Gives two goals top priority
b. Gives a single goal top priority
c. Seeks location advantages and gaining economic efficiencies from operating worldwide
d. Two of these - correct answer ✔✔c. Seeks location advantages and gaining economic efficiencies
from operating worldwide
Globalization drivers:
a. Are conditions in an industry that favor a globally oriented transnational or international strategy
b. Fall into four broad categories
c. Include markets, costs, governments and competition
d. All of these - correct answer ✔✔d. All of these
, Porter's five forces model considers all of these EXCEPT:
a. The cost of the cheapest competitor's product
b. The threat of substitute products
c. The degree of competition in the industry
d. The bargaining power of buyers - correct answer ✔✔a. The cost of the cheapest competitor's product
The increasingly popular strategy of going global by making uniform products for the world market can:
a. Lead to greatly increased sales
b. Backfire
c. Increase downstream activities
d. Lead to greatly reduced costs - correct answer ✔✔b. Backfire
Entry-mode strategies include all of these EXCEPT:
a. Indirect exporting
b. Direct importing
c. Passive exporting
d. Using an export management company - correct answer ✔✔b. Direct importing
The impact of political decisions or events on the business climate in a country is called:
a. Political strategy
b. Domestic strategy
c. Political risk
d. Domestic feasibility - correct answer ✔✔c. Political risk
The main reason for concern about political risk is the potential for:
a. A serious impact on government relations
b. A serious impact on profitability
c. A slight impact on government relations
d. A slight impact on profitability - correct answer ✔✔b. A serious impact on profitability
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 BravelRadon. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $15.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
78637 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now