Question 1

Compare and contrast the legal systems that exist in different parts of the world.

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Question 2

In the ________ strategy,a company uses a hybrid approach as it attempts to reap the benefits of international scale while being responsive to local market dynamics.

Accepted Answer

A)In the transnational strategy, a company uses a hybrid approach as it attempts to reap the benefits of international scale while being responsive to local market dynamics.
B)In the transnational strategy, a company uses a hybrid approach as it attempts to reap the benefits of international scale while being responsive to local market dynamics.
C)In the transnational strategy, a company uses a hybrid approach as it attempts to reap the benefits of international scale while being responsive to local market dynamics.
D)In the transnational strategy, a company uses a hybrid approach as it attempts to reap the benefits of international scale while being responsive to local market dynamics.
E)In the transnational strategy, a company uses a hybrid approach as it attempts to reap the benefits of international scale while being responsive to local market dynamics.

Question 3

What is a trading bloc? Explain the working of any one trading bloc.

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Question 4

Which of the following is a major disadvantage of customizing products to suit local markets?

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A)Customization can help companies accommodate the lifestyles and habits of local target markets. However, it can increase costs and operational complexity.
B)Customization can help companies accommodate the lifestyles and habits of local target markets. However, it can increase costs and operational complexity.
C)Customization can help companies accommodate the lifestyles and habits of local target markets. However, it can increase costs and operational complexity.
D)Customization can help companies accommodate the lifestyles and habits of local target markets. However, it can increase costs and operational complexity.
E)Customization can help companies accommodate the lifestyles and habits of local target markets. However, it can increase costs and operational complexity.

Question 5

In some countries,payoffs to government officials are so common that they are considered by business people as a standard operating practice.However,this practice is illegal in the U.S.under the Federal Corrupt Practices Act (FCPA).Do you feel that the FCPA tries to impose U.S.values on other cultures? Why or why not?

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Question 6

Compare and contrast a multidomestic strategy with a global strategy.

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Question 7

Construct a trade plan that identifies the goods that the United States should produce and import based on the classic theory of comparative advantage.

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Question 8

Choose a country that follows strong protectionist policies.Construct a document,to be presented in an international conference,that supports the country's stand in foreign trade.

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Question 9

Compare and contrast strategic alliances with joint ventures.

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Question 10

Conduct a secondary research and estimate the balance of trade and balance of payment for the United States.

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Question 11

What type of governmental intervention,according to you,is the most severe? Categorize different types of governmental inventions based on their rigorousness.

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Question 12

Coca Foods markets packaged foods in the United States.The company recently decided to expand globally and produce in large quantities from a central location.How will this decision impact the company's unit cost of production?

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Question 13

You are the strategist of a firm that manufactures premium cars.The company is planning to enter China as part of its expansion strategy.Conduct a secondary study to identify the various trade barriers that the company will face in China.

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Question 14

DB Computers manufactures and markets personal computers.The company sells its products in more than thirty countries.The company has centralized the production of its CPUs.The CPUs are shipped from the central location to assembly units in various countries and personalized products are made at these units by procuring materials locally.With this strategy the company produces customized products for local markets at a low cost.This is an example of a(n)________ strategy.

Accepted Answer

A)Transnational strategy is a hybrid approach that attempts to reap the benefits of international scale while being responsive to local market dynamics. In this case, the company is using the transnational approach.
B)Transnational strategy is a hybrid approach that attempts to reap the benefits of international scale while being responsive to local market dynamics. In this case, the company is using the transnational approach.
C)Transnational strategy is a hybrid approach that attempts to reap the benefits of international scale while being responsive to local market dynamics. In this case, the company is using the transnational approach.
D)Transnational strategy is a hybrid approach that attempts to reap the benefits of international scale while being responsive to local market dynamics. In this case, the company is using the transnational approach.
E)Transnational strategy is a hybrid approach that attempts to reap the benefits of international scale while being responsive to local market dynamics. In this case, the company is using the transnational approach.

Question 15

In a(n)________ strategy,managerial control is highly centralized and major decisions for the company's international operations are made at the company's headquarters in the home country.

Accepted Answer

A)In the global strategy, a company embraces the notion of economic globalization by viewing the world as a single integrated market. Managerial control with the global strategy is highly centralized, with headquarters in the home country making all major decisions.
B)In the global strategy, a company embraces the notion of economic globalization by viewing the world as a single integrated market. Managerial control with the global strategy is highly centralized, with headquarters in the home country making all major decisions.
C)In the global strategy, a company embraces the notion of economic globalization by viewing the world as a single integrated market. Managerial control with the global strategy is highly centralized, with headquarters in the home country making all major decisions.
D)In the global strategy, a company embraces the notion of economic globalization by viewing the world as a single integrated market. Managerial control with the global strategy is highly centralized, with headquarters in the home country making all major decisions.
E)In the global strategy, a company embraces the notion of economic globalization by viewing the world as a single integrated market. Managerial control with the global strategy is highly centralized, with headquarters in the home country making all major decisions.

Question 16

Describe the importance of the World Trade Organization.

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Question 17

Explain how companies using a transnational strategy manage their business.

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Question 18

Abarma Chemicals produces various types of drugs.The company has a centralized production facility in China.It manufactures standardized products and ships them to various countries from China.The company's procurement,operations,and customer service are controlled centrally from China.Abarma Chemicals is using a ________ strategy.

Accepted Answer

A)In the global strategy, a company embraces the notion of economic globalization by viewing the world as a single integrated market. Managerial control with the global strategy is highly centralized, with headquarters in the home country making all major decisions.
B)In the global strategy, a company embraces the notion of economic globalization by viewing the world as a single integrated market. Managerial control with the global strategy is highly centralized, with headquarters in the home country making all major decisions.
C)In the global strategy, a company embraces the notion of economic globalization by viewing the world as a single integrated market. Managerial control with the global strategy is highly centralized, with headquarters in the home country making all major decisions.
D)In the global strategy, a company embraces the notion of economic globalization by viewing the world as a single integrated market. Managerial control with the global strategy is highly centralized, with headquarters in the home country making all major decisions.
E)In the global strategy, a company embraces the notion of economic globalization by viewing the world as a single integrated market. Managerial control with the global strategy is highly centralized, with headquarters in the home country making all major decisions.

Question 19

Explain how a floating exchange rate system operates.

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Question 20

Do you think protectionism is totally unwarranted? Explain your answer.

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Quiz 3: The Global Marketplace