WPC 480 Chapter 8 Exam Questions And Answers 100% Solved 2024/2025
global strategy
is an international strategy in
which a firm's home office determines the
strategies that business units are to use in each
country or region
multidomestic strategy
is an international
strategy in which s...
WPC 480 Chapter 8 Exam Questions And
Answers 100% Solved 2024/2025
global strategy
is an international strategy in
which a firm's home office determines the
strategies that business units are to use in each
country or region
multidomestic strategy
is an international
strategy in which strategic and operating
decisions are decentralized to the strategic
business units in individual countries or regions
for the purpose of allowing each unit the
opportunity to tailor products to the local market
international strategy
is a strategy through
which the firm sells its goods or services outside
its domestic market
transnational strategy
is an international
strategy through which the firm seeks to achieve
both global efficiency and local responsiveness
greenfield venture
is an entry mode through
which a firm invests directly in another country
or market by establishing a new wholly owned
subsidiary
international diversification strategy
is a
strategy through which a firm expands the sales
of its goods or services across the borders of
global regions and countries into a potentially
large number of geographic locations or
markets
A strategy through which a firm sells its goods or services outside its domestic market is called a(n):
international strategy
Which of the following is not an incentive for pursuing an international strategy?
Gaining a bigger share of the national market
Upon reaching saturation level in the US market, a fitness firm with an activity tracker decides to
expand its service internationally Throughout its history, the company has been a pioneer in the
, technological capabilities to understand customer activity patterns and provide suggestions for its
customers This illustrates which of the following incentives for implementing an international
strategy?
Using rapidly developing technologies in other countries
What are the three basic benefits that firms can enjoy by successfully using international strategies?
Increased market size, increased economies of scale and learning, and development of a competitive
advantage through location
When a firm standardizes the processes used to produce, sell, distribute, and service its products
across country borders, its ability to learn how to continuously reduce costs and increase the value of
its products for its customers is enhanced The firm is:
developing economies of scale and learning
A US-based auto manufacturer is founded to focus on environmentally friendly smart cars As it
expands, it sets its sights on operating in France, where the population highly values compact green
cars By implementing an international strategy in France, the company will hope to gain:
increased market size
The four determinants of national advantage are factors of production; demand conditions; firm
strategy, structure, and rivalry; and:
related and supporting industries
Interactions among the four determinants of national advantage influence a firm's:
choice of international business-level strategy
Germany is known for its technical training system, which has a strong emphasis on continuous
product development and improvements If Germany did not have such a system, it would lack which
of the following determinants of national advantage?
Firm strategy, structure, and rivalry
In which of the following international strategies are strategic and operating decisions decentralized
to the strategic business units in individual countries or regions in order to allow each unit the
opportunity to tailor its products to the local market?
Multidomestic strategy
A firm is hoping to coordinate its operations in a uniform fashion across all its markets, domestic and
international It has a great track record for its efficiency of operations The firm hopes that through
integrating and centralizing its operations and support across all markets it will increase productivity
and save on costs Based on this firm's strategic preferences and background, which of the following
corporate-level strategies would benefit it the most?
Global strategy
If IKEA chose to implement a multidomestic strategy in which it practiced global efficiency and local
responsiveness instead of its current successful global strategy, which of the following would be the
most likely outcome?
It would sacrifice the efficiency of centralized operations and distribution, which could affect its cost
position, potentially driving up costs and prices
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