A) Exchange controls and ownership restrictions
B) Export restrictions
C) Import restrictions
D) Cultural misunderstandings
Correct Answer
verified
Multiple Choice
A) It emphasizes cultural differences across countries.
B) It emphasizes universal consumer needs and wants rather than differences.
C) It competes on a market-by-market basis.
D) Each of its international subsidiaries operates independently.
Correct Answer
verified
Multiple Choice
A) social culture
B) structure
C) political system
D) management process
Correct Answer
verified
Multiple Choice
A) A mutual fund firm headquartered in New York aiming to increase its sales targets in its European branches
B) An American automobile manufacturer planning to gain access to technological innovations developed in Japan
C) An information technology company based in Texas attempting to take advantage of the low costs of operations in India by outsourcing its services
D) An American clothing company aiming to expand its operations to India to compete with the local brands there
Correct Answer
verified
Multiple Choice
A) take advantage of economies of scale.
B) compete with foreign firms on their own turf instead of in the United States.
C) take advantage of significant differences in operating costs between countries.
D) preempt competitors' global moves.
Correct Answer
verified
Multiple Choice
A) Demand conditions
B) Company strategy,structure,and rivalry
C) Related and supporting industries
D) Factor conditions
Correct Answer
verified
Multiple Choice
A) To gain access to technological innovations developed in other countries
B) To maximize total sales revenue
C) To increase long-term growth and profit prospects
D) To improve overall market position
Correct Answer
verified
Multiple Choice
A) Culture
B) Ability to buy
C) Willingness to buy
D) Political conditions
Correct Answer
verified
Multiple Choice
A) Structure
B) Management processes
C) Culture
D) People
Correct Answer
verified
Multiple Choice
A) Licensing
B) Exporting
C) Importing
D) Franchising
Correct Answer
verified
Multiple Choice
A) Language
B) Timeliness
C) Data content
D) Availability in the United States
Correct Answer
verified
Multiple Choice
A) Factor conditions
B) Related and supporting industries
C) Company strategy,structure,and rivalry
D) Demand conditions
Correct Answer
verified
Multiple Choice
A) have a high trade surplus.
B) are a part of larger trade agreements.
C) are experiencing balance-of-payment problems.
D) have an open economy.
Correct Answer
verified
Multiple Choice
A) political conditions.
B) legal conditions.
C) economic conditions.
D) cultural conditions.
Correct Answer
verified
Multiple Choice
A) Exporting
B) Licensing
C) Franchising
D) Strategic alliance
Correct Answer
verified
Multiple Choice
A) Structure
B) Culture
C) People
D) Management processes
Correct Answer
verified
Multiple Choice
A) Differences in communication,spatial boundaries,perception of time,and behavior
B) Unstable governments,social unrest,and armed conflict
C) Differences in language,customs,norms,and customer preferences
D) Economic conditions and policies of a country that could harm a firm's operations within that country
Correct Answer
verified
Multiple Choice
A) homogeneous market needs,global customers,shorter product life cycles,transferable brands and advertising,and the ability to globalize distribution channels.
B) worldwide economies of scale in manufacturing and distribution,steep learning curves,and worldwide sourcing efficiencies.
C) improving communications,favorable government policies,and the increasing speed of technological change.
D) competitive interdependencies among countries,global moves of competitors,and opportunities to preempt a competitor's global moves.
Correct Answer
verified
Multiple Choice
A) Multidomestic companies tend to view the world as one market and pit their resources against competition in an integrated manner.
B) Local managers of multidomestic companies are given the authority to make necessary decisions and are held accountable for results.
C) Multidomestic companies pursue the same strategies in each of their foreign markets.
D) Multidomestic companies standardize marketing activities when there are cultural similarities and adapt them when cultures are different.
Correct Answer
verified
Multiple Choice
A) multidomestic
B) transnational
C) global
D) vertical integration
Correct Answer
verified
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