Exam 2 practice questions

Exam 2 practice questions - EXAM 2 REVIEW All Possible...

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EXAM 2 REVIEW All Possible Questions on the Exam 1. (p. 196) The reasons why a company opts to expand outside its home market include A. Gaining access to new customers for the company's products/services B. Spreading its business risk across a wider market base C. Achieving lower costs and enhancing the company's competitiveness D. A desire to capitalize on its core competencies and capabilities E. All of these 2. (p. 196) Which of the following is not a typical reason for companies to expand into the markets of foreign countries? A. To gain access to new customers B. To strengthen its capability to employ offensive strategies, especially those that involve preemptive strikes C. To achieve lower costs and enhance the firm's competitiveness D. To capitalize on company competencies and capabilities E. To spread business risk across a wider geographic market base 3. (p. 196) Which one of the following is not a reason why a company decides to enter foreign markets? A. To spread business risk across a wider geographic market base B. To capitalize on company competencies and capabilities C. To achieve lower costs and enhance the firm's competitiveness D. To build the profit sanctuaries necessary to wage guerilla offensives against global challengers endeavoring to invade its home market E. To gain access to more buyers for the company's products/services 4.. (p. 196) A company is said to be an international competitor when A. It competes in a majority of the world's different country markets B. It has operations on all of the world's major continents C. It competes in a select few foreign markets (and perhaps has only modest ambitions to enter additional country markets) D. It employs an international strategy and competes in 50 or fewer country markets E. It has 2 or more profit sanctuaries 7-1
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5. (p. 196) A company is said to be a global competitor when A. It competes in a majority of the world's different country markets B. It employs a global strategy C. It has long range strategic intentions to compete in as many as 50 country markets D. It competes in 15 or more country markets E. It sells its products in 50 to 100 or more countries and is expanding its operations into additional country markets annually 7. (p. 197 - 198) One of the biggest strategic challenges to competing in the international arena include Refer To: 07-07 A. How to avoid the risks of shifting exchange rates B. Whether to charge the same price in all country markets C. How many foreign firms to license to produce and distribute the company's products D.Whether to offer a mostly standardized product worldwide or whether to customize the company's offerings in each different country market to more precisely match the tastes and preferences of local buyers E. Whether to pursue a global strategy or an international strategy 8. (p. 197 - 198) Which of the following is not an accurate statement as concerns competing in the markets of foreign countries? Refer To: 07-07
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Exam 2 practice questions - EXAM 2 REVIEW All Possible...

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