Select one: a. increase in the number of trading blocs and free trade zones b. decrease in the number of trading blocs and free trade zones c. increasing national trade restrictions d. increasing local taxes and tariffs Countries with a strong supplier base benefit by adding efficiency to downstream activities. Select one: a. True b. False In order to realize the strongest competitive advantage, firms engaged in worldwide competition must ___________. Select one: a. require that all of their various business units follow the same strategy regardless of location b. ensure that all business units follow a strategy strictly tailored to their respective locations c. pursue a strategy that combines the uniformity of a global strategy and the specificity of a multidomestic strategy in order to achieve optimal results d. attempt to use the strategy that was most successful in their home country International expansion can extend the life cycle of a product that is in its maturity stage in the company home country. Select one: a. True b. False Amazon is an example of a company that used the differentiation strategy to enter the market. The differentiation features included _____________. Select one: a. minimal customer service b. traditional back office logistics c. exceptional customer service d. traditional delivery logistics When any two firms have both a high degree of market commonality and highly similar resources, a ______________ threat is present. Select one: a. weaker competitive b. stronger competitive c. successful marketing d. stronger marketing
2/25/2020 Final Exam 3/9 Question 12 Not yet answered Marked out of 1.00 Question 13 Not yet answered Marked out of 1.00 Question 14 Not yet answered Marked out of 1.00 Question 15 Not yet answered Marked out of 1.00 Question 16 Not yet answered Marked out of 1.00 When launching a new venture, finding a way to begin doing business must ______________ generate cash flow, build credibility, attract good employees, and overcome the liability of newness. Select one: a. slowly b. quickly c. steadily d. painlessly Private individuals who provide seed capital to young ventures are known as _____________. Select one: a. angels b. gazelles c. cash cows d. rising stars According to a study by the Kaufmann Foundation, which of the following is the largest source of funding for businesses that have been operating at least five years? Select one: a. loans b. venture capital c. public financing d. angel financing Which of the following terms is used to refer to opportunities that are practical and physically possible? Select one: a. durable b. valuable c. achievable d. sustainable The process of identifying, selecting, and developing new venture opportunities is known as _____________. Select one: a. innovativeness b. bootstrapping c. opportunity recognition d. brainstorming
2/25/2020 Final Exam 4/9 Question 17 Not yet answered Marked out of 1.00 Question 18 Not yet answered Marked out of 1.00 Question 19 Not yet answered Marked out of 1.00 Question 20 Not yet answered
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