MGMT 498 EXAM QUESTIONS WITH 100% CORRECT ANSWERS

MGMT 498 EXAM QUESTIONS WITH 100% CORRECT ANSWERS Since expanding internationally, IKEA has shifted focus, concentrating on effectively managing a global supply chain in order to achieve economies of scale. This is reflective of a(n) ______ strategy. - answerglobal-standardization Which of the following have helped make globalization possible? (Check all that apply.) - answerReductions in transportation costs Falling trade barriers Advances in telecommunications In order for a company to be considered a multinational enterprise, it must operate ______. - answerin more than one country Before World War II, business strategy, implementation, and knowledge typically flowed ______. - answerfrom domestic headquarters to outposts abroad Rising wages and other costs are likely to negate any benefits MNEs have of access to ______. - answerlow-cost inputs IKEA offers the same products in every market. This indicates that IKEA has followed a(n) ______ strategy. - answerinternational Which of the following are reasons firms expand internationally? (Check all that apply.) - answerto gain access to low-cost input factors to develop new competencies to gain access to a larger market Due to globalization, the world's market economies are becoming more ______. - answerintegrated and interdependent A company that deploys resources and capabilities in the procurement, production, and distribution of goods and services in at least two countries is a ______. - answermultinational enterprise During the first stage of globalization, business functions that took place abroad were limited to which of the following? (Check all that apply.) - answerdistribution