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Exam 7: International Strategy: Creating Value in Global Markets

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Question 71

Multiple Choice

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In reviewing the Indian Software industry and the diamond of national advantage,which of the following is a growing detractor to the national competitive advantage in this industry?

A) large pool of skilled workers
B) eroding cost advantage of Indian firms
C) rapidly improving communications infrastructure
D) large, growing market and sophisticated customers

E) A) and B)
F) A) and C)

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Question 72

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Within a worldwide market,the most effective strategies are neither purely multidomestic nor purely global.

A) True
B) False

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Question 73

Multiple Choice

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In reviewing the Indian Software industry and the diamond of national advantage,which of the following is a relatively weak set of factors in the national competitive advantage in this industry?

Multinational firms following a transnational strategy strive to optimize the trade-offs associated with efficiency,local adaptation,and learning.

Firms following a global strategy strive to offer __________ products and services as well as locate manufacturing,Research and Development,and marketing activities in a limited number of locations.

Typically,intense rivalry in domestic markets does not force firms to look outside their national boundaries for new markets.

A domestic corporation considering international expansion for the first time typically will follow which of these paths?

Trading blocs and free trade zones promote the rise of international expansion.

Typically,the least risky method of entry into a foreign market is through the establishment of a wholly owned foreign subsidiary so that the parent organization can maintain a high level of control.

A U.S.firm expands into China and Canada at exactly the same sales volume.The physical distance is the only factor that affects the true distance between the countries.

When considering the export decision,firms should not partner with local distributors because many foreign markets are nationally regulated.

The U.S.and Australia have common language and culture and yet the true distance is great.

Related industries create the probability that new companies will enter the market.This ________ competition and forces existing firms to improve ___________.

Renault paid 1 billion USD to acquire a 25 percent ownership stake in the Russian automaker AvtoVAZ in 2008.Just one year later,Russian Prime Minister Vladimir Putin threatened to dilute the Renault ownership stake unless it contributed more money to prop up AvtoVAZ,which was then experiencing a significant slide in sales.This is an example of _____________ risk.

Which one of the following explains why so few firms are global?

Globalization is a term used to mean the growing dissimilarity of laws,rules,norms,values and ideas across countries.

Which of the following is a reason for the rise in regional expansion?

Shared Spanish colonialism is one reason that explains regionalism tendencies in

Firms can lessen political instability and adverse government actions risks by: competing in a range of geographic markets,developing stakeholder coalitions,cultivating relationships with key influences,and including key public-private stakeholders in their boards.

Emerging markets are growing slower than developed markets,thus shifting the structure of the global economy.