Business Strategy Exam 3 Post Questions And Complete Solutions 2024.

Briefly 3 identify the major reasons a company may choose to expand outside its domestic market. - Answer 1. To gain access to new customers. 2. To achieve lower costs and enhance the firm's competitiveness. 3. To gain access to resources and capabilities located in foreign markets. What are the primary country differences that shape strategy choices in international markets? (2 answers) - Answer 1. The risks of adverse shifts in currency exchange rates. 2. The extent to which governmental policies affect the local business climate Identify and briefly describe any three of the five strategic options for entering foreign markets. - Answer 1. Employ a franchising strategy. 2. License foreign firm to produce and distribute the company's products abroad. 3. Establish a subsidiary in a foreign market via acquisition or internal development. Briefly discuss why a domestic company desirous of entering foreign markets might see attractive advantages in forming strategic alliances with foreign companies. (3 answers) - Answer Sharing of distribution facilities, dealer networks, and mutual access to customers. Building of working relationships with local political and host country governmental entities. Gaining agreements on technical and process standards. What are the possible 3 benefits of using strategic alliances to try to enhance a company's ability to compete in foreign markets? - Answer Benefits: