Question 1

Which of the following statements is NOT true?

Accepted Answer

The answer of Which of the following statements is NOT...

Question 2

Potential advantages to initiating,continuing,or expanding international operations is that foreign operations can absorb excess capacity,reduce unit costs,and spread economic risks over a wider number of markets.

Accepted Answer

Initiating, continuing, or expanding international operations can indeed provide these potential advantages to a company.

Question 3

U.S.firms doing business internationally face the complications of having to deal with two or more monetary systems.

Accepted Answer

U.S. firms doing business internationally often have to deal with multiple currencies, each with its own exchange rate and value fluctuations.

Question 4

Language,culture,and value systems differ among countries,which can create barriers to communication and problems managing people.

Accepted Answer

Language, culture, and value systems differ greatly among countries and can cause misunderstandings and difficulties in communication and managing people from different backgrounds.

Question 5

Strategists in multinational corporations are often confronted with the need to be globally competitive and nationally responsive at the same time.

Accepted Answer

Global competitiveness requires a standardized approach across all countries, while national responsiveness requires adapting to local market preferences and regulations. Multinational corporations must find a balance between these two conflicting demands to be successful.

Question 6

In which of the following industries is the United States NOT yet greatly challenged by foreign competitors?

Accepted Answer

While there is some foreign competition in retailing, the United States is not greatly challenged in this industry compared to others like the auto industry, electronics, and manufacturing.

Question 7

What percent of the world's population lives outside the United States?

Accepted Answer

The answer of What percent of the world's population lives...

Question 8

Although growth in revenues and profits is a common expectation of shareholders,it is not a measure of organizational success.

Accepted Answer

The answer of Although growth in revenues and profits is...

Question 9

Perhaps the greatest advantage of international operations to a firm is the ability to gain new customers for its products and services,thus increasing revenues.

Accepted Answer

International operations allow a firm to tap into new markets and attract new customers, which can result in increased sales and revenue.

Question 10

Keeping informed about the number and the nature of competitors is easier when doing business internationally.

Accepted Answer

Keeping informed about competitors is complex regardless of whether the business operates internationally or domestically. The number and nature of competitors can vary based on various factors, and staying informed requires ongoing research and analysis.

Question 11

The availability,depth,and reliability of economic and marketing information in different countries vary extensively.

Accepted Answer

Economic and marketing information can be impacted by factors such as government transparency, data collection methods, and cultural attitudes towards sharing information, leading to significant differences in availability, depth, and reliability between countries.

Question 12

It is possible to obtain insurance from the U.S.Government's OPIC to eliminate all risks associated with doing business internationally.

Accepted Answer

While the U.S. Government's Overseas Private Investment Corporation (OPIC) provides political risk insurance and other financial services to support U.S. businesses investing in emerging markets, it does not eliminate all risks associated with doing business internationally. There are always inherent risks and uncertainties in any business venture, and insurance can only mitigate those risks to a certain extent.

Question 13

Foreign revenue as a percentage of total company revenues ________ in hundreds of U.S.firms,including ExxonMobil,Gillette,Dow Chemical,and Citicorp.

Accepted Answer

The question states that the companies included are "ExxonMobil, Gillette, Dow Chemical, and Citicorp." According to the Fortune 500 list for 2021, all four of these companies have foreign revenues that exceed 50% of their total revenues. Therefore, the best choice is D) exceed 50 percent.

Question 14

A motivation for initiating international operations is that competitors in foreign markets may not exist,or competition may be less intense than in domestic markets.

Accepted Answer

One of the motivations for companies to expand internationally is to tap into new markets where there may not be direct competitors or where competition may be less intense than in their domestic markets. This can provide an opportunity for the company to establish a strong presence and gain a competitive advantage in the foreign market.

Question 15

Most economists argue that protectionism ________ the world economy because it ________ trade among countries.

Accepted Answer

Most economists agree that protectionism harms the world economy because it inhibits trade among countries. Protectionist measures such as tariffs and quotas can make imports more expensive and make it harder for foreign companies to compete in domestic markets, which can reduce overall trade and economic growth.

Question 16

The portion of the world's population that lives outside of the United States is growing ________ the U.S.population.

Accepted Answer

The sentence states that the portion of the world's population living outside the U.S. is growing faster or slower compared to the U.S. population. The only choice that matches this description is D, which states that the portion outside the U.S. is growing 70 percent faster than the U.S. population.

Question 17

Weaknesses of competitors in foreign lands are often underestimated,and strengths are often overestimated.

Accepted Answer

The answer of Weaknesses of competitors in foreign lands are...

Question 18

List at least five potential advantages to initiating,continuing,and/or expanding international operations.

Accepted Answer

The answer of List at least five potential advantages to...

Question 19

Although a firm's power and prestige in domestic markets may be significantly enhanced when the firm competes globally,this rarely translates into improved negotiating power among creditors,suppliers,or distributors.

Accepted Answer

The answer of Although a firm's power and prestige in...

Question 20

Discuss at least four potential disadvantages to initiating,continuing,and/or expanding international operations.

Accepted Answer

The answer of Discuss at least four potential disadvantages to...

Quiz 2: Outsideusa Strategic Planning