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Exam (elaborations)

BUSM EXAM 3 Questions With Solutions

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  • BUSM
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  • BUSM

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...

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  • October 19, 2024
  • 10
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • BUSM
  • BUSM
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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 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

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