MGT 302 - Exam 3 2025/2026 Exam
Questions and Answers 100%
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Identify the components of a business that make up its operations - 🧠
ANSWER ✔✔Marketing, human resources, information systems,
After analyzing the profit projections for next year, lisa reminded the group
that production costs would continue to decline on those products that had
been in production for five years. What concept was Lisa referring to? - 🧠
ANSWER ✔✔experience curve
Two types of primary activities found in many businesses - 🧠 ANSWER
✔✔production and customer service
A company would typically experience a decrease in profit growth if it
should decide to disperse value creation activities to different locations as a
way to perform those activities more efficiently - 🧠 ANSWER ✔✔false
McDonald's local franchises in France have begun to offer more elegant
seating areas and upscale menu. This was done in response to the slow
1
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,growth rates in the area. Impressed with the increased sales at these
stores, McDonald's executives are considering making these changes
elsewhere. In this instance, what aspect of creating value is demonstrated?
- 🧠 ANSWER ✔✔leveraging subsidiary skills
Many chain restaurants look to McDonald's as the leader in management
of fast-food operations. This status demonstrates McDonald's
_____________ competence. - 🧠 ANSWER ✔✔core
companies typically face two types of competitive pressures when entering
global markets. What are these two pressures? - 🧠 ANSWER ✔✔reduce
costs and be locally responsive
Trina's company has moved all sewing and piece-work capabilities to a
plant in Thailand in order to reduce costs. Her company is taking
advantage of a(n) _____ economy. - 🧠 ANSWER ✔✔location
A product's product costs tend to decline over time. This is referred to as
the _ curve - 🧠 ANSWER ✔✔experience
Universal needs exist with which two categories of products? - 🧠 ANSWER
✔✔bulk chemicals, petroleum and steel ; personal computers and hand
held calculators
2
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
, The most obvious example of a region where there are institutional forces
that are pushing toward convergence is the - 🧠 ANSWER ✔✔EU
What are the four main strategic postures that firms can use when
competing globally? - 🧠 ANSWER ✔✔global standardization strategy,
international, transnational, localization
A global standardization strategy aims to increase profits by implementing -
🧠 ANSWER ✔✔cost reduction
Location economies refer to the distribution point of a company's products -
🧠 ANSWER ✔✔False
Consumers through-out the world have the same use for sugar -- it is used
as a sweetener in every country. Sugar is an example of a(n) ____ need. -
🧠 ANSWER ✔✔universal
Which country would be most likely to form a regional convergence with the
United States - 🧠 ANSWER ✔✔canada
What strategy increases the value of a product in the local market through
customization for different national tastes and preferences - 🧠 ANSWER
✔✔localization
3
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
Questions and Answers 100%
Guaranteed Success | Already Rated A+
Identify the components of a business that make up its operations - 🧠
ANSWER ✔✔Marketing, human resources, information systems,
After analyzing the profit projections for next year, lisa reminded the group
that production costs would continue to decline on those products that had
been in production for five years. What concept was Lisa referring to? - 🧠
ANSWER ✔✔experience curve
Two types of primary activities found in many businesses - 🧠 ANSWER
✔✔production and customer service
A company would typically experience a decrease in profit growth if it
should decide to disperse value creation activities to different locations as a
way to perform those activities more efficiently - 🧠 ANSWER ✔✔false
McDonald's local franchises in France have begun to offer more elegant
seating areas and upscale menu. This was done in response to the slow
1
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
,growth rates in the area. Impressed with the increased sales at these
stores, McDonald's executives are considering making these changes
elsewhere. In this instance, what aspect of creating value is demonstrated?
- 🧠 ANSWER ✔✔leveraging subsidiary skills
Many chain restaurants look to McDonald's as the leader in management
of fast-food operations. This status demonstrates McDonald's
_____________ competence. - 🧠 ANSWER ✔✔core
companies typically face two types of competitive pressures when entering
global markets. What are these two pressures? - 🧠 ANSWER ✔✔reduce
costs and be locally responsive
Trina's company has moved all sewing and piece-work capabilities to a
plant in Thailand in order to reduce costs. Her company is taking
advantage of a(n) _____ economy. - 🧠 ANSWER ✔✔location
A product's product costs tend to decline over time. This is referred to as
the _ curve - 🧠 ANSWER ✔✔experience
Universal needs exist with which two categories of products? - 🧠 ANSWER
✔✔bulk chemicals, petroleum and steel ; personal computers and hand
held calculators
2
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
, The most obvious example of a region where there are institutional forces
that are pushing toward convergence is the - 🧠 ANSWER ✔✔EU
What are the four main strategic postures that firms can use when
competing globally? - 🧠 ANSWER ✔✔global standardization strategy,
international, transnational, localization
A global standardization strategy aims to increase profits by implementing -
🧠 ANSWER ✔✔cost reduction
Location economies refer to the distribution point of a company's products -
🧠 ANSWER ✔✔False
Consumers through-out the world have the same use for sugar -- it is used
as a sweetener in every country. Sugar is an example of a(n) ____ need. -
🧠 ANSWER ✔✔universal
Which country would be most likely to form a regional convergence with the
United States - 🧠 ANSWER ✔✔canada
What strategy increases the value of a product in the local market through
customization for different national tastes and preferences - 🧠 ANSWER
✔✔localization
3
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
