CraftingAndExecuting Strategy Concepts and Cases_Answers7-12

CraftingAndExecuting Strategy Concepts and...

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Unformatted text preview: ch7 Student: ___________________________________________________________________________ 1. 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. 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 vertical integration strategies, especially those that involve partial integration (building positions in selected stages of the industry's value chain 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. 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 gain economic incentives offered by governments of developing countries wishing to expand industry and job creation E. To gain access to more buyers for the company's products/services 4. 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. 5. 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. 6. 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....
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This note was uploaded on 12/14/2011 for the course BUS 5480 taught by Professor Nwabueze during the Fall '11 term at FIT.

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CraftingAndExecuting Strategy Concepts and...

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