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integration. global strategyThe computer industry is an example of which of the following? global industryT/F: Efficiency refers to emphasizing consensus-based decision making and problem solving, in which managers readily share their knowledge. false
T/F: In order to facilitate shared decision-making between headquarters and country managers, corporate representatives should often visit subsidiary locations. trueT/F: In the export department structure, the export department answers directly to top management. trueT/F: Trade policies usually have little effect on a firm's choice of entry mode. falseT/F: Reactive motivation for exporting are those that pull a firm into foreign markets as a result of opportunities available there falseWhere are the world's most important international trading companies located? JapanWhat is the first step in selecting a foreign market? assessing market potentialWhat are the third parties that specialize in facilitating imports and exports called? intermediaries____for exporting are those that push a firm into foreign markets. reactive motivationsT/F: Firms should use both objective and subjective measureswhen considering the potential for growth in an economy. true___are tangible or intangible resources owned by a firm which grant it a competitive advantage over its industry rivals ownership advantagesA(n) ____ is a firm directly engaged in importing and exporting a wide variety of goods for its own account. international trading company
A(n)___ is a firm that acts as its client's export department export management companyT/F: Manufacturers' agents specialize in the physical transportation of goods. falseWhich of the following would most likely discourage an international firm from relying on exports as an entry mode? tariffs___are tangible or intangible resources owned by a firm which grant it a competitive advantage over its industry rivals ownership advantagesT/F: One disadvantage of exporting is that it forces the firm to enter the foreign market quickly falsewhat is culture? -set of values, beliefs, institutions, rules heldby specific group of people.-main components: aesthetics, values and attitudes, manners and customs, social structure, religion, personal communication, education, and physical and material environmentsnational culture -nation-states support it by building museums/monuments. Nation-states intervene to help preserve their national cultures-companies support for public relations benefitsubculture -group of ppl with unique way of life w/in larger dominant culturephysical environment (culture) -influences culture's development and pace of change-geo isolated cultures = less exposed to other cultures and slower to change-impact products needs, personal communication-affects where people settle and directs system of distribution
(cultural importance of) values ideas, beliefs, customs people are emotionally attached to. affect work ethic, desire for material possession.