Chapter7ReviewA - MGMT 425 Chapter 7 Review Questions 1....

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MGMT 425 Chapter 7 Review Questions 1. 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 2. The difference between a company that competes "internationally" and a company that competes "globally" is that A. a global competitor operates in "many" country markets and an international competitor operates in just a "few" country markets. B. an international competitor competes in a select few foreign markets (and perhaps has only modest ambitions to enter additional country markets) while a global competitor has or is pursuing a market presence on most continents and is expanding its operations into additional country markets annually. C. an international competitor has a market presence in countries on one continent and a global competitor has a market presence in countries on most all of the world's continents. D. an international competitor has a market presence in a few of the biggest country markets in the world and a global competitor has a market presence in most all of the major country markets of the world. E. an international competitor has an international strategy and a global competitor has a global strategy. 3. One of the biggest strategic challenges to competing in the international arena include 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
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Chapter7ReviewA - MGMT 425 Chapter 7 Review Questions 1....

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