Chapter 7 Strat MGMT Exam Questions With 100% Correct Answers

Chapter 7 Strat MGMT Exam Questions With 100% Correct Answers Which one of the following is among the important strategic issues associated with competing across national boundaries? - answerwhether to employ essentially the same basic competitive strategy in all countries or modify the strategy country by country Which of the following is not a reason why a company decides to enter foreign markets? - answerTo build the profit sanctuaries necessary to wage guerilla offensives against global challengers endeavoring to invade the companys home market Competing in one of more countries or regions of the world causes strategy-making to be more complex because of - answerthe presence of important cross country differences in buyer tastes, market sizes, and growth potential Because buyer tastes for a particular product or service sometimes differ substantially from country to country - answercompanies operating in a global marketplace must wrestle with whether and how much to customize their offering in each different country market to match the tastes and preferences of local buyers or whether to pursue a strategy of offering a mostly standarized product worldwide A U.S. manufacturer that exports goods made at its U.S. plants for shipment to foreign markets - answerbecomes more cost competitive in selling its exported goods in foreign markets when the U.S. dollar declines in value against the currencies of the countries to which it is exporting Which of the following statements regarding multicountry competition is false? - answerwith multicountry competition the competitive arena among rival companies involves several neighboring countries rather than either a single country or the world market as a whole Which of the following is not one of the primary strategy options for competing in the markets of foreign countries? - answerEmploying a multiple cross-country strategy that involves strategic alliances, joint ventures and other cooperative agreements with foreign companies Using domestic plants as a production base for exporting goods to selected foreign country markets? - answercan be an excellant initial strategy for exploring the profitability of selling goods to foreign buyers without spending much if any additional capital A "think local, act local" multicountry type of strategy - answerbecomes more appealing the bigger the country-to-country difference in buyer tastes and preferences, market conditions and competitive circumstances