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mqm 350 exam 2 questions well answered to pass
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mqm 350 exam 2 questions well answered to pass
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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
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