___________________________ for managing.Choose one answer.Chains, value a. Environments, complexityb. Chains, valuec. Commodities, commodity-like productsd. Value Added Chains, globalizatione. Risks, uniformityIncorrectWhich of the following might NOT be used to measure the degree of international involvement of an internationalizing firm operating in a global industry? Choose one answer. CorrectAs firms become more and more involved internationally they often must choose different strategies to fit the competitive, economic, political and other environments into which they enter.Answer:TrueFalse Correct
When B2B industrial consumers use the output of supplier industries in exactly the same fashion no matter where they are located they are using Choose one answer. a. Global products b. Multinational strategies c. Transnational credit policies d. All of these answers are correct e. Locally responsive strategies CorrectWhich of the following is NOT a commodityChoose one answer.a. Cornb. Wheatc. Goldd. All of these are commoditiese. SugarCorrectThe globalization of production upstream refers to the dispersal of production activities to locations around the world that are low-cost or high-quality producers of a particular good.Answer:TrueFalseCorrect Which of the following country was added to the G7 to make the G8?Choose one answer.
CorrectSome firms may internationalize their operations by seeking comparative advantage for key raw materials and other inputs from foreign sources Answer: True False CorrectIn all service industries, firms compete by developing value added chains to put together inputs and deliver services to consumers. CorrectHighly differentiated, very locally responsive products are usually sold by volume or weight. CorrectWhere firms face simultaneous pressures for both local responsiveness and cost reduction the best strategy to employ is a _______________ strategy. Choose one answer. a. Global b. International c. Multinational d. Transnational e. Highly focused, highly differentiated CorrectThe terms global and international are interchangeable in terms of international business strategy. They mean the same thing. Answer: True False CorrectWith products, industries, strategies and structures there are no gray areas: They are all either global or local in nature. It has to be one or the other.
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