QUESTIONS WITH ANSWERS GRADED A+
◉ Which of the following is a disadvantage of a geographic are
structure? Answer: geographic area managers' lack of global
orientation for developing and managing products
◉ A _ strategy is characterized by substantial control over country
operations by headquarters in order to increase efficiency and integration
Answer: global
◉ 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
◉ Which of the following activities would be considered last by a
manager while developing strategies? Answer: deciding how best to
contend with competitors
◉ Graham Technologies is a U.K.-based consumer electronics
manufacturer. The company markets netbooks, smartphones, laptops,
and desktops in the international market and each product division
operates as a stand-alone profit center with substantial autonomy. This is
an example of a ________. Answer: product structure
, ◉ 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 openness to
and awareness of diversity across cultures.
◉ Firms that emphasize global integration make and sell ________.
Answer: products that require minimal adaptation
◉ In which of the following are substantial autonomy and decision-
making authority delegated to a firm's subsidiaries around the world?
Answer: decentralized approach
◉ 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.
◉ _____ is used by some firms to gauge long-term sales potential
without fully committing to a foreign market. Answer: test marketing
◉ Advances in communications and transportation technology have
changed the internationalization tendencies of firms by ____. Answer:
reducing the risk and difficulty of doing business in markets with
unfamiliar cultures