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Mixed Quiz
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1

Globalization refers to the strategy of approaching worldwide markets with standardized products.
A)True
B)False
2

The evolution of a global corporation often entails progressively involved management levels.
A)True
B)False
3

The technological advantage once enjoyed by the United States has increased dramatically during the past 30 years.
A)True
B)False
4

A polycentric orientation exists when the company believes that the values and priorities of the parent organization should guide the strategic decision making of all its operations.
A)True
B)False
5

A multidomestic industry is one in which competition crosses national borders.
A)True
B)False
6

_________ refers to the strategy of approaching worldwide markets with standardized products.
A)Standardization
B)Localization
C)Globalization
D)Integration
7

In the evolution of a global corporation, the first level is
A)foreign licensing
B)technology transfer
C)export-import activity
D)direct investment in overseas operations
8

Which strategy level in the evolution of a global corporation requires large capital outlays and the development of global management skills?
A)Export-import activity
B)Foreign licensing
C)Technology transfer
D)Direct investment in overseas operations
9

A company with a _______ orientation believes that the values and priorities of the parent organization should guide the strategic decision making of all its operations.
A)ethnocentric
B)polycentric
C)geocentric
D)regiocentric
10

Which of the following statements is NOT true of global strategic planning?
A)Globals face multiple political, economic, legal, social, and cultural environments as well as various rates of changes within each of them.
B)Interactions between the national and foreign environments are simple, because of national sovereignty issues and widely differing economic and social conditions
C)Globals face extreme competition, because of differences in industry structure.
D)All of the above statements are true.
11

An inherent complicating factor for many global firms is that their financial policies typically are designed to further the goals of the parent company and pay minimal attention to the goals of the _________.
A)home country
B)host countries
C)local subsidiary
D)home government
12

A _________ industry is one in which competition is essentially segmented from country to country.
A)multidomestic
B)global
C)local
D)worldwide
13

The need for customized products to meet the tastes or preferences of local customers is a factor that increases the degree to which an industry is
A)multidomestic
B)global
C)local
D)worldwide
14

In a _______ industry, a firm's strategic moves in one country can be significantly affected by its competitive position in another country.
A)multidomestic
B)global
C)local
D)worldwide
15

High coordination and geographic concentration of functional activities result from the choice of a pure ________ strategy.
A)multidomestic
B)global
C)export-based
D)licensing
16

Low coordination and geographic dispersion of functional activities are implied if a firm has chosen a __________ strategy.
A)global
B)country-centered
C)export-based
D)licensing
17

Which of the following is NOT a competitive strategy for firms in foreign markets?
A)Exporting
B)Joint venture
C)Licensing
D)All are competitive strategy options
18

_______ usually requires minimal capital investment.
A)Joint venture
B)Foreign branch
C)Exporting
D)Wholly owned foreign subsidiary
19

______ refers to the number of critical success factors that are required to prosper in a given competitive arena.
A)Integrity
B)Diversity
C)Complexity
D)Alacrity
20

________ refers to the breadth of the firm's business lines.
A)Integrity
B)Diversity
C)Complexity
D)Alacrity





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