IBM Final Exam questions With
Complete Solutions!
6,7,9,10, 12 - ANSWERS296 297 299 306 307 312 chapter 12
Comparative Advantage (Country-Specific Advantage) - ANSWERSdescribes superior
features of a country that provide unique benefits in global competition, typically derived
from either natural endowment or deliberate national policies.
Competitive Advantage (Firm-Specific Advantage) - ANSWERSorganizational assets
and competencies that are difficult for competitors to imitate and thus help firms enter
and succeed in foreign markets.
The most advantaged nations today possess ______________, maximized when
numerous industries collectively _____________ and the nation itself has comparative
advantages that benefit those particular industries - ANSWERSnational competitive
advantage, firm-level competitive advantages
At both the firm and national levels, competitive advantage and technological advances
grow out of __________ - ANSWERSinnovation
monopolistic advantage - ANSWERSvaluable resource that a company holds and
leverages to generate profits, and which few other firms have. ) According to this theory,
companies that internationalize through FDI are more likely to succeed if they own or
control certain advantages that foreign competitors do not generally possess (a degree
of monopoly power).
International Collaborative Ventures - ANSWERSA collaborative venture is a form of
cooperation between two or more firms
joint ventures - ANSWERSthe formation of a new legal entity;
Since 1947, ___________ and later
the ________ have achieved much success in fostering economic integration on a
global scale. - ANSWERSthe General Agreement on Tariffs and Trade (GATT), WTO
Internationalization - ANSWERStakes place in incremental stages over a long time:
Typically, firms start without much analysis or planning and begin to export, the simplest
form of international activity, and progress to FDI, the most
complex.
strategic alliances - ANSWERSwhich firms partner temporarily to work on projects
Complete Solutions!
6,7,9,10, 12 - ANSWERS296 297 299 306 307 312 chapter 12
Comparative Advantage (Country-Specific Advantage) - ANSWERSdescribes superior
features of a country that provide unique benefits in global competition, typically derived
from either natural endowment or deliberate national policies.
Competitive Advantage (Firm-Specific Advantage) - ANSWERSorganizational assets
and competencies that are difficult for competitors to imitate and thus help firms enter
and succeed in foreign markets.
The most advantaged nations today possess ______________, maximized when
numerous industries collectively _____________ and the nation itself has comparative
advantages that benefit those particular industries - ANSWERSnational competitive
advantage, firm-level competitive advantages
At both the firm and national levels, competitive advantage and technological advances
grow out of __________ - ANSWERSinnovation
monopolistic advantage - ANSWERSvaluable resource that a company holds and
leverages to generate profits, and which few other firms have. ) According to this theory,
companies that internationalize through FDI are more likely to succeed if they own or
control certain advantages that foreign competitors do not generally possess (a degree
of monopoly power).
International Collaborative Ventures - ANSWERSA collaborative venture is a form of
cooperation between two or more firms
joint ventures - ANSWERSthe formation of a new legal entity;
Since 1947, ___________ and later
the ________ have achieved much success in fostering economic integration on a
global scale. - ANSWERSthe General Agreement on Tariffs and Trade (GATT), WTO
Internationalization - ANSWERStakes place in incremental stages over a long time:
Typically, firms start without much analysis or planning and begin to export, the simplest
form of international activity, and progress to FDI, the most
complex.
strategic alliances - ANSWERSwhich firms partner temporarily to work on projects
