Answer FALSE Diff 2 Skill Concept Objective 5 93 The three basic forms of

Diff: 2Skill: ConceptObjective: 593) The three basic forms of business strategy are differentiation, overall cost leadership, and focus.Diff: 2Skill: ConceptObjective: 594) because they are too complicatedA differentiation strategy is not a commonly used business strategy.Diff: 2Skill: ConceptObjective: 595) A focus strategy calls for a firm to target specific types of products for certain customer groups or regions.Diff: 1Skill: ConceptObjective: 596) International human resource strategy focuses on the people who work for an organization.Diff: 1Skill: ConceptObjective: 397) International operations strategy deals with the creation of the firm's products or services.Diff: 2Skill: ConceptObjective: 5

98) strategies which focus on issues in research development operations human resource and marketing are known as functional strategiesFunctional strategies address issues related to human resources, marketing, operations, and R&D.Diff: 2Skill: ConceptObjective: 599) What are the three sources of competitive advantage available to international businesses?Diff: 2Skill: ConceptObjective: 1100) Why did Toyota initially struggle in the Chinese market?Diff: 3Skill: ConceptObjective: 1101) What are the similarities and differences between the home replication strategy and the global strategy?Diff: 3AACSB: Reflective ThinkingSkill: Critical ThinkingObjective: 2Learning Outcome: Describe the process of selecting and developing an international business strategy102) What strategic approach seeks to achieve local responsiveness and global integration?Diff: 2Skill: ConceptObjective: 2Learning Outcome: Describe the process of selecting and developing an international business strategy