BUSA 4000 EXAM 1 QUESTIONS
UPDATED 2024 WITH COMPLETE
SOLUTIONS
When using the process of gradual elimination to screen potential country markets, a
researcher should first, __________. - Answer- Obtain general information on macro-
level indicators such as population, income, and economic growth
Which of the following should be done by a company to internationalize when it
assesses market industry potential? - Answer- develop a 3-to-5 year forecast of industry
sales for each target market
Which of the following activities would be considered last by a manager while
developing strategies? - Answer- deciding how best to contend with competitors
A ______ strategy is characterized by substantial over country by headquarters in order
to increase efficiency and integration. - Answer- global
A firm would be compelled to seek global integration when it has to ______. - Answer-
capitalize on converging consumer trends and universal needs
A global industry is one in which competition is on a regional or worldwide scale. Which
of the following is a global industry? - Answer- automobiles
In which of the following are substantial autonomy and decision-making authority
delegated to a firm's subsidiaries around the world? - Answer- decentralized approach
Firms that emphasize global integration make and sell ______. - Answer- products that
require minimal adaptation
GramTech Solutions is a software development firm based in the United States. The
firm's CEO, David Ghaster, wants to open an outlet in India. Being a visionary leader,
he would ________. - Answer- acquire managers with an international mind-set,
showing an openness to and awareness of diversity across cultures.
Which of the following is necessary for local responsiveness to effectively increase a
firm's competitiveness? - Answer- Local managers need to be able to make decisions
based on local needs.
UPDATED 2024 WITH COMPLETE
SOLUTIONS
When using the process of gradual elimination to screen potential country markets, a
researcher should first, __________. - Answer- Obtain general information on macro-
level indicators such as population, income, and economic growth
Which of the following should be done by a company to internationalize when it
assesses market industry potential? - Answer- develop a 3-to-5 year forecast of industry
sales for each target market
Which of the following activities would be considered last by a manager while
developing strategies? - Answer- deciding how best to contend with competitors
A ______ strategy is characterized by substantial over country by headquarters in order
to increase efficiency and integration. - Answer- global
A firm would be compelled to seek global integration when it has to ______. - Answer-
capitalize on converging consumer trends and universal needs
A global industry is one in which competition is on a regional or worldwide scale. Which
of the following is a global industry? - Answer- automobiles
In which of the following are substantial autonomy and decision-making authority
delegated to a firm's subsidiaries around the world? - Answer- decentralized approach
Firms that emphasize global integration make and sell ______. - Answer- products that
require minimal adaptation
GramTech Solutions is a software development firm based in the United States. The
firm's CEO, David Ghaster, wants to open an outlet in India. Being a visionary leader,
he would ________. - Answer- acquire managers with an international mind-set,
showing an openness to and awareness of diversity across cultures.
Which of the following is necessary for local responsiveness to effectively increase a
firm's competitiveness? - Answer- Local managers need to be able to make decisions
based on local needs.
