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Quiz on Chapter 11 - International Strategies, created by Strategy IO on 12/11/2016.

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Chapter 11 - International Strategies

Question 1 of 48

1

International strategies are an example of ________ strategies.

Select one of the following:

  • corporate

  • business

  • functional

  • operational

Explanation

Question 2 of 48

1

Which one of the following is not a potential source of economies of scope for firms pursuing international strategies?

Select one of the following:

  • to develop new core competencies

  • to manage corporate risk

  • to control countertrade

  • to gain access to low-cost factors of production

Explanation

Question 3 of 48

1

Different ________ standards can require a firm pursuing international opportunities to change its current products or services to sell them into a nondomestic market.

Select one of the following:

  • financial

  • operational

  • fiscal

  • physical

Explanation

Question 4 of 48

1

Japanese retail distribution has historically been much more ________ than the system that exists in the United States or Western Europe.

Select one of the following:

  • closely held

  • fragmented

  • consolidated

  • open

Explanation

Question 5 of 48

1

Embargoes are an example of

Select one of the following:

  • quotas.

  • tariffs.

  • nontariff barriers.

  • subsidies.

Explanation

Question 6 of 48

1

Countervailing duties are an example of

Select one of the following:

  • quotas.

  • nontariff barriers acquisition.

  • tariffs.

  • countertrade.

Explanation

Question 7 of 48

1

Variable levies are an example of

Select one of the following:

  • quotas.

  • tariffs.

  • nontariff barriers.

  • countertrade.

Explanation

Question 8 of 48

1

________ currencies are currencies that are traded, and thus have value, on international money markets.

Select one of the following:

  • Soft

  • Variable

  • Operational

  • Hard

Explanation

Question 9 of 48

1

The second stage in the product life cycle is the ________ stage.

Select one of the following:

  • introduction

  • growth

  • maturity

  • decline

Explanation

Question 10 of 48

1

Which one of the following is not a determinant of the ability of a firm to learn from its international operations?

Select one of the following:

  • the intent to learn

  • the transparency of business partners

  • receptivity to learning

  • the resources for learning

Explanation

Question 11 of 48

1

________ requires a firm to modify or abandon traditional ways of engaging in business.

Select one of the following:

  • Unlearning

  • Learning

  • Relearning

  • Absorbing

Explanation

Question 12 of 48

1

________ can help firms be successful in addressing the local needs of nondomestic customers, thereby increasing demand for a firm's current products or services.

Select one of the following:

  • Globalization

  • Internationalization

  • Target responsiveness

  • Local responsiveness

Explanation

Question 13 of 48

1

A ________ strategy exploits all the advantages of both international integration and local responsiveness.

Select one of the following:

  • corporate

  • multinational

  • transnational

  • global

Explanation

Question 14 of 48

1

Hedging is a way to counter the ________ risks of doing business in foreign markets.

Select one of the following:

  • political

  • financial

  • cultural

  • business

Explanation

Question 15 of 48

1

Broad changes in the political situation in a foreign country is an example of political risk that affects the international strategies at the ________ level.

Select one of the following:

  • macro

  • micro

  • functional

  • cultural

Explanation

Question 16 of 48

1

Improvements in the ________ infrastructure of business are one of the important contributors to the growth in the number of firms pursuing international strategies.

Select one of the following:

  • pecuniary

  • cultural

  • technological

  • corporate

Explanation

Question 17 of 48

1

The ability to develop detailed local knowledge of nondomestic markets may require firms to have management teams with a great deal of ________ experience.

Select one of the following:

  • foreign

  • technical

  • corporate

  • functional

Explanation

Question 18 of 48

1

Even if direct duplication of a firm's international strategies is ________, ________ might still exist that limit the ability of that strategy to generate sustained competitive advantages.

Select one of the following:

  • costly; substitutes

  • inexpensive; substitutes

  • costly; fragmentation

  • inexpensive; fragmentation

Explanation

Question 19 of 48

1

A firm implements a(n) ________ strategy when it diversifies its business operations across country boundaries.

Select one of the following:

  • functional

  • operational

  • international

  • transnational

Explanation

Question 20 of 48

1

Exporting is a form of

Select one of the following:

  • intermediate market governance.

  • hierarchical governance.

  • vertical governance.

  • market governance.

Explanation

Question 21 of 48

1

Which one of the following is an example of the hierarchical governance option for firms pursuing international strategies?

Select one of the following:

  • mergers

  • exporting

  • licensing

  • joint ventures

Explanation

Question 22 of 48

1

Acquisitions are an example of the ________ governance option for firms pursuing international strategies.

Select one of the following:

  • market

  • hierarchical

  • corporate

  • intermediate market

Explanation

Question 23 of 48

1

Strategic alliances fall within the ________ governance option for firms pursuing international strategies.

Select one of the following:

  • corporate

  • market

  • intermediate market

  • hierarchical

Explanation

Question 24 of 48

1

In a ________, strategic and operational decisions are delegated to divisions/country companies.

Select one of the following:

  • transnational structure

  • decentralized federation

  • coordinated federation

  • centralized hub

Explanation

Question 25 of 48

1

Which one of the following is not a structural option for firms pursuing international strategies?

Select one of the following:

  • corporate federation

  • decentralized federation

  • transnational structure

  • centralized hub

Explanation

Question 26 of 48

1

Which one of the following structural options combines a high level of both global integration and local responsiveness?

Select one of the following:

  • centralized hub

  • decentralized hub

  • transnational structure

  • coordinated federation

Explanation

Question 27 of 48

1

In many ways, the transnational structure is similar to the

Select one of the following:

  • coordinated federation.

  • centralized hub.

  • decentralized federation.

  • decentralized hub.

Explanation

Question 28 of 48

1

In a coordinated federation structure, shared activities and other cross-divisional/cross-country economies of scope are managed by the

Select one of the following:

  • country unit.

  • corporate center.

  • local unit.

  • country manager.

Explanation

Question 29 of 48

1

The role of corporate headquarters in a ________ is to constantly scan business operations across different countries for resources and capabilities that might be a source of competitive advantage for other divisions/country companies in the firm.

Select one of the following:

  • centralized hub

  • coordinated federation

  • decentralized federation

  • transnational structure

Explanation

Question 30 of 48

1

Firms that seek to maximize their local responsiveness will tend to choose a ________ structure

Select one of the following:

  • transnational

  • centralized hub

  • decentralized federation

  • coordinated federation

Explanation

Question 31 of 48

1

Firms that seek to maximize international integration in their operations will typically opt for ________ structures.

Select one of the following:

  • decentralized federation

  • coordinated federation

  • centralized hub

  • transnational

Explanation

Question 32 of 48

1

Firms that seek to balance the need for local responsiveness and international integration will typically choose

Select one of the following:

  • centralized federations

  • transnational structures

  • decentralized federations

  • matrix structures

Explanation

Question 33 of 48

1

Firms that attempt to optimize both local responsiveness and international integration will choose a ________ organizational structure.

Select one of the following:

  • centralized hub

  • transnational

  • coordinated federation

  • decentralized federation

Explanation

Question 34 of 48

1

Firms that have been successful in adopting the transnational structure include

Select one of the following:

  • Sony.

  • Disney.

  • Ford.

  • Nokia.

Explanation

Question 35 of 48

1

Toyota is an example of a firm that uses the ________ structure.

Select one of the following:

  • centralized hub

  • transnational

  • decentralized federation

  • coordinated federation

Explanation

Question 36 of 48

1

General Electric (GE) uses a ________ structure to manage its global operations.

Select one of the following:

  • transnational

  • centralized hub

  • decentralized federation

  • coordinated federation

Explanation

Question 37 of 48

1

In a ________ structure, corporate staff functions are generally limited to the collection of accounting and other performance information from divisions/country companies and to reporting this aggregate information to appropriate government officials and to the financial markets.

Select one of the following:

  • transnational

  • decentralized federation

  • centralized hub

  • coordinated federation

Explanation

Question 38 of 48

1

In a ________ structure, operational decisions are delegated to division general managers/country presidents, but broader strategic decisions are made at corporate headquarters.

Select one of the following:

  • transnational

  • centralized hub

  • coordinated federation

  • decentralized federation

Explanation

Question 39 of 48

1

Firms pursuing an international strategy have ________ basic organizational structural alternatives.

Select one of the following:

  • 3

  • 5

  • 4

  • 2

Explanation

Question 40 of 48

1

There are relatively few examples of pure ________ in today's economy.

Select one of the following:

  • decentralized federations

  • transnational structures

  • centralized hubs

  • coordinated federations

Explanation

Question 41 of 48

1

An important economy of scope for Agrestal in pursuing international opportunities is

Select one of the following:

  • technology.

  • access to raw materials.

  • organizational learning.

  • synergy.

Explanation

Question 42 of 48

1

Agrestal's use of licensing in certain countries is an example of ________ governance organizing option.

Select one of the following:

  • market

  • corporate

  • hierarchical

  • intermediate market

Explanation

Question 43 of 48

1

When Agrestal (along with other companies) was asked to leave a foreign country in the 1990s, it was a victim of

Select one of the following:

  • corporate risk.

  • cultural risk.

  • political risk.

  • financial risk.

Explanation

Question 44 of 48

1

What Agrestal did in Brazil was an example of

Select one of the following:

  • hedging.

  • countertrade.

  • diversification.

  • strategizing.

Explanation

Question 45 of 48

1

Agrestal's use of hedging is a way for the company to guard against ________ risks.

Select one of the following:

  • political

  • market

  • business

  • financial

Explanation

Question 46 of 48

1

Agrestal's organizational structure is most likely the ________ structure.

Select one of the following:

  • centralized hub

  • transnational

  • decentralized federation

  • coordinated federation

Explanation

Question 47 of 48

1

From its organization structure, it appears that Agrestal is attempting to maximize ________ in its operations.

Select one of the following:

  • local responsiveness

  • strategic coordination

  • operational coordination

  • international integration

Explanation

Question 48 of 48

1

To optimize both local responsiveness and international integration, Agrestal has to move to a ________ structure.

Select one of the following:

  • matrix

  • transnational

  • operational

  • coordinated federation

Explanation