GEB 4890 - Business Strategy Chapter 7 Questions and Answers

GEB 4890 - Business Strategy Chapter 7 Questions and Answers What are reasons that companies expand into foreign markets? to achieve lower costs to gain access to low-cost production to gain access to new customers Companies are often motivated to enter foreign markets to take advantage of new resources and capabilities. Creating a strategy for entering an international market can be more difficult than entering a domestic market because buyer preferences in foreign markets force companies to customize their products. Spurring market growth in a domestic market can translate into an international competitive advantage owing to which of the following? increasing innovation and quality improvements Elements of a country's infrastructure that can contribute to factor conditions include banking systems. transportation. communication. Natural-resource companies move into foreign markets to access supplies of raw material more cost effectively. Different country environments require companies to customize their approaches to which of the following? management strategy organization