Political, legal, economic, monetary, and institutional forces comprise the ________ of international business and influence managers' actions.
A) environment
B) competition
C) culture
D) threat
Answer: A) environment
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Multinational Business Chapter 12
- The term ________ refers to a global company that thrives on seeking unique ideas and insights from locations around the world and then leveraging that knowledge in international markets.
- Marrin Associates is an MNE with operations in Hong Kong, India, and Canada. The firm strives to leverage its core competencies worldwide, reduce costs by exploiting location economics, and adapt when efficient to local conditions. Marrin is most likely following a(n) ________ strategy.
- Which of the following is the primary limitation of the transnational strategy?
- An MNE in which new knowledge and capabilities are developed in both domestic and foreign locations, both independently and jointly, and then diffused throughout the worldwide organization, is following a ________ strategy.
- Which strategy champions worldwide consistency and standardization to support the firm's goal to become the low-cost leader?
- The MNE that applies a global strategy aims to ________.
- A global strategy tends to be more successful when ________.
- Google essentially views the entire world as one market and assumes that there are no fundamental differences among countries with regard to consumers' preferences. Google is engaging a(n) ________ strategy.
- A disadvantage of the ________ strategy is that firms that adopt this strategy can decentralize too much autonomy to national subsidiaries.
- Johnson & Johnson delegates to its subsidiaries a great deal of authority to respond to local conditions. Many subsidiaries have their own manufacturing, marketing, research, and human resource functions. This value chain configuration illustrates the ________ strategy.
- Preston Electronics is an MNE with facilities located in Taiwan, Singapore, and Germany. Preston gives its local operations the authority to adapt value activities to prevailing local economic, political, legal, and cultural conditions. Preston is most likely using a(n) ________ strategy.
- Darvin Foods is an MNE that is in the process of revising its international business strategy. Most of the firm's top executives believe that Darvin should implement a multidomestic strategy. Which of the following conditions would most likely support this type of strategy?
- A distinct disadvantage of an international strategy is ________.
- A distinct advantage of an international strategy is ________.
- Which of the following is NOT a disadvantage of the international strategy?
- Firms that pursue a(n) ________ strategy create value by transferring core competencies from the home market to foreign markets in which local rivals lack a competitive alternative.
- When the pressure for global integration is high and the pressure for local responsiveness is low, a company is most likely to pursue a(n) ________ strategy.
- The integration-responsiveness (IR) grid expresses how a company's ________ is a function of the relationship between its value chain and the prevailing pressures for global integration or local responsiveness in its industry.
- In the global environment, firms use an international strategy, a multidomestic strategy, a global strategy, or a ________ strategy.
- According to the integration-responsiveness (IR) grid, consumer electronics and corporate banking are two types of industries with ________ industry pressure for global integration and ________ industry pressure for local responsiveness.
- Host governments' growing demands for increasing operational transparency will most likely spur companies to make their value chains more ________.
- Advantages of following a strategy of local responsiveness include the ________.
- Which of the following is NOT a factor driving local responsiveness among global firms?
- Which of the following is LEAST likely to trigger the standardization of consumer preferences?
- Which of the following would most likely pressure an MNE to globally integrate its value activities?
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