Business Strategy Game Study Set with Questions and Detailed Answers| Verified

Which of the following statements regarding multi-country competition is false? with multi-country competition, the competitive arena among rival companies involves several neighboring countries rather than either a single country of the world market as a whole Competing in one or more countries or regions of the world causes the strategy-making to be more complex partly because of the presence of important cross-country differences in buyer tastes, market sizes, and growth potential Differing governmental policies and regulations that make the business climate more favorable in some countries than others Which of the following is the most unlikely element of a "think global, act global" approach to crafting a global strategy? (you may find the content of figure 7.2 helpful in answering this question). having relatively small plants in many countries, with each plant producing product versions for local area markets Sell different product versions in different countries under different brand names Which of the following is not a reason why a company decides to enter foreign markets? to build the profit sanctuaries necessary to wage guerrilla offensives against global challengers endeavoring to invade the company's home market An international or global competitor can strive to gain competitive advantage or counteract disadvantages by doing a better job than rivals do of transferring some of its competitively powerful resources and capabilities from countries where it has established competitively strong market positions to its operations in those countries where it is competitively weaker A u.s. Company that makes all of its goods at a plant in brazil and then exports the brazilian-made goods to those european markets where the currency is euros is competitively advantaged when the brazilian real declines in value against the euro The advantages of using a licensing strategy to participate in foreign markets include being able to generate revenues and income from a company's technical know-how or a unique patented product without committing significant additional resources to country markets that are unfamiliar, politically volatile, economically unstable, or otherwise risky.