Question 1

A(n) _____ strategy maximizes local responsiveness and ensures that local business units in each country create products and services optimized to their local markets.

Accepted Answer

The answer of A(n) _____ strategy maximizes local responsiveness and...

Question 2

The group of five elements, which managers must consider when making decisions, make up the _____.

Accepted Answer

The answer of The group of five elements, which managers...

Question 3

_____ refer to areas in which a firm will be active.

Accepted Answer

The answer of _____ refer to areas in which a...

Question 4

A(n) _____ is the organization's statement of purpose and describes who the company is and what it does.

Accepted Answer

The answer of A(n) _____ is the organization's statement of...

Question 5

_____ includes the geographic markets the company serves as well as the product and customer segments in which it competes.

Accepted Answer

The answer of _____ includes the geographic markets the company...

Question 6

_____ strategy means that the firm seeks to make its products or provide its services at the lowest cost possible relative to its competitors while maintaining a quality that is acceptable to consumers.

Accepted Answer

The answer of _____ strategy means that the firm seeks...

Question 7

_____ involves organizing jobs so that each position makes productive use of an individual's talents.

Accepted Answer

The answer of _____ involves organizing jobs so that each...

Question 8

_____ stems from creating unique value to the customer through advanced technology, high-quality ingredients or components and product features.

Accepted Answer

The answer of _____ stems from creating unique value to...

Question 9

_____ refers to work that is contracted to a nondomestic third party.

Accepted Answer

The answer of _____ refers to work that is contracted...

Question 10

_____ are features and attributes of a company's product or service that helps it beat its competitors in the marketplace.

Accepted Answer

The answer of _____ are features and attributes of a...

Question 11

Decisions made about the structure of an organization are generally referred to as _____ decisions.

Accepted Answer

The answer of Decisions made about the structure of an...

Question 12

A(n) _____ is a future-oriented declaration of the organization's purpose.

Accepted Answer

The answer of A(n) _____ is a future-oriented declaration of...

Question 13

The _____ function requires monitoring performance so that it meets the performance standards established by the organization.

Accepted Answer

The answer of The _____ function requires monitoring performance so...

Question 14

In case of an organization following a(n) _____, the strategic business units operating in each country are assumed to be interdependent, and the home office attempts to achieve integration across these businesses.

Accepted Answer

The answer of In case of an organization following a(n)...

Question 15

_____ is highly desirable and appropriate for some industries, given the great differences as well as similarities that exist across markets.

Accepted Answer

The answer of _____ is highly desirable and appropriate for...

Quiz 10: Strategy and International Business