BUSM EXAM 3 Questions With Solutions
a pharmaceutical firm wants to expand its offering by coming up with new drugs to treat Type Il
diabetes. What would be a primary activity for this firm? research and development
The amount of value a firm creates is measured by the difference between its co...
a pharmaceutical firm wants to expand its offering by coming up with new drugs to treat Type Il
diabetes. What would be a primary activity for this firm? research and development
The amount of value a firm creates is measured by the difference between its costs of
production and the quality that consumers perceive in Its products
true or false
as competition intensifies, global standardization strategies and transnational strategies tend to
become less viable, and managers need to direct their companies toward either an international
strategy or a localization strategy false
shift toward global standardization/ transnational strategy in advance of competitors
true or false
Establishing a low-cost position is a way a firm can ward off new competition C true
true or false
A firm's strategy can be defined as the actions that managers take to attain the goals of the firm.
true
, BUSM EXAM 3 Questions With Solutions
true or false
The preeminent strategic goal for most firms is to maximize the firm's presence in the global
marketplace. true
true or false
One of the sources of economies of scale is the ability to spread fixed costs over a small volume.
false
economies of scale lowers a firms unit costs and increase profitability
true or false
Threats of protectionism, economic nationalism, and local content rules dictate that international
businesses manufacture locally. true
true or false
As competition intensifies, global standardization strategies and transnational strategies tend to
become less viable, and managers need to direct their companies toward either an international
strategy or a localization strategy. false
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 UpperClass. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $16.99. You're not tied to anything after your purchase.
