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Chapter 11 - International Strategies

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Quiz on Chapter 11 - International Strategies, created by Strategy IO on 12/11/2016.
Strategy IO
Quiz by Strategy IO, updated more than 1 year ago
Strategy IO
Created by Strategy IO about 8 years ago
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Resource summary

Question 1

Question
International strategies are an example of ________ strategies.
Answer
  • corporate
  • business
  • functional
  • operational

Question 2

Question
Which one of the following is not a potential source of economies of scope for firms pursuing international strategies?
Answer
  • to develop new core competencies
  • to manage corporate risk
  • to control countertrade
  • to gain access to low-cost factors of production

Question 3

Question
Different ________ standards can require a firm pursuing international opportunities to change its current products or services to sell them into a nondomestic market.
Answer
  • financial
  • operational
  • fiscal
  • physical

Question 4

Question
Japanese retail distribution has historically been much more ________ than the system that exists in the United States or Western Europe.
Answer
  • closely held
  • fragmented
  • consolidated
  • open

Question 5

Question
Embargoes are an example of
Answer
  • quotas.
  • tariffs.
  • nontariff barriers.
  • subsidies.

Question 6

Question
Countervailing duties are an example of
Answer
  • quotas.
  • nontariff barriers acquisition.
  • tariffs.
  • countertrade.

Question 7

Question
Variable levies are an example of
Answer
  • quotas.
  • tariffs.
  • nontariff barriers.
  • countertrade.

Question 8

Question
________ currencies are currencies that are traded, and thus have value, on international money markets.
Answer
  • Soft
  • Variable
  • Operational
  • Hard

Question 9

Question
The second stage in the product life cycle is the ________ stage.
Answer
  • introduction
  • growth
  • maturity
  • decline

Question 10

Question
Which one of the following is not a determinant of the ability of a firm to learn from its international operations?
Answer
  • the intent to learn
  • the transparency of business partners
  • receptivity to learning
  • the resources for learning

Question 11

Question
________ requires a firm to modify or abandon traditional ways of engaging in business.
Answer
  • Unlearning
  • Learning
  • Relearning
  • Absorbing

Question 12

Question
________ can help firms be successful in addressing the local needs of nondomestic customers, thereby increasing demand for a firm's current products or services.
Answer
  • Globalization
  • Internationalization
  • Target responsiveness
  • Local responsiveness

Question 13

Question
A ________ strategy exploits all the advantages of both international integration and local responsiveness.
Answer
  • corporate
  • multinational
  • transnational
  • global

Question 14

Question
Hedging is a way to counter the ________ risks of doing business in foreign markets.
Answer
  • political
  • financial
  • cultural
  • business

Question 15

Question
Broad changes in the political situation in a foreign country is an example of political risk that affects the international strategies at the ________ level.
Answer
  • macro
  • micro
  • functional
  • cultural

Question 16

Question
Improvements in the ________ infrastructure of business are one of the important contributors to the growth in the number of firms pursuing international strategies.
Answer
  • pecuniary
  • cultural
  • technological
  • corporate

Question 17

Question
The ability to develop detailed local knowledge of nondomestic markets may require firms to have management teams with a great deal of ________ experience.
Answer
  • foreign
  • technical
  • corporate
  • functional

Question 18

Question
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.
Answer
  • costly; substitutes
  • inexpensive; substitutes
  • costly; fragmentation
  • inexpensive; fragmentation

Question 19

Question
A firm implements a(n) ________ strategy when it diversifies its business operations across country boundaries.
Answer
  • functional
  • operational
  • international
  • transnational

Question 20

Question
Exporting is a form of
Answer
  • intermediate market governance.
  • hierarchical governance.
  • vertical governance.
  • market governance.

Question 21

Question
Which one of the following is an example of the hierarchical governance option for firms pursuing international strategies?
Answer
  • mergers
  • exporting
  • licensing
  • joint ventures

Question 22

Question
Acquisitions are an example of the ________ governance option for firms pursuing international strategies.
Answer
  • market
  • hierarchical
  • corporate
  • intermediate market

Question 23

Question
Strategic alliances fall within the ________ governance option for firms pursuing international strategies.
Answer
  • corporate
  • market
  • intermediate market
  • hierarchical

Question 24

Question
In a ________, strategic and operational decisions are delegated to divisions/country companies.
Answer
  • transnational structure
  • decentralized federation
  • coordinated federation
  • centralized hub

Question 25

Question
Which one of the following is not a structural option for firms pursuing international strategies?
Answer
  • corporate federation
  • decentralized federation
  • transnational structure
  • centralized hub

Question 26

Question
Which one of the following structural options combines a high level of both global integration and local responsiveness?
Answer
  • centralized hub
  • decentralized hub
  • transnational structure
  • coordinated federation

Question 27

Question
In many ways, the transnational structure is similar to the
Answer
  • coordinated federation.
  • centralized hub.
  • decentralized federation.
  • decentralized hub.

Question 28

Question
In a coordinated federation structure, shared activities and other cross-divisional/cross-country economies of scope are managed by the
Answer
  • country unit.
  • corporate center.
  • local unit.
  • country manager.

Question 29

Question
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.
Answer
  • centralized hub
  • coordinated federation
  • decentralized federation
  • transnational structure

Question 30

Question
Firms that seek to maximize their local responsiveness will tend to choose a ________ structure
Answer
  • transnational
  • centralized hub
  • decentralized federation
  • coordinated federation

Question 31

Question
Firms that seek to maximize international integration in their operations will typically opt for ________ structures.
Answer
  • decentralized federation
  • coordinated federation
  • centralized hub
  • transnational

Question 32

Question
Firms that seek to balance the need for local responsiveness and international integration will typically choose
Answer
  • centralized federations
  • transnational structures
  • decentralized federations
  • matrix structures

Question 33

Question
Firms that attempt to optimize both local responsiveness and international integration will choose a ________ organizational structure.
Answer
  • centralized hub
  • transnational
  • coordinated federation
  • decentralized federation

Question 34

Question
Firms that have been successful in adopting the transnational structure include
Answer
  • Sony.
  • Disney.
  • Ford.
  • Nokia.

Question 35

Question
Toyota is an example of a firm that uses the ________ structure.
Answer
  • centralized hub
  • transnational
  • decentralized federation
  • coordinated federation

Question 36

Question
General Electric (GE) uses a ________ structure to manage its global operations.
Answer
  • transnational
  • centralized hub
  • decentralized federation
  • coordinated federation

Question 37

Question
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.
Answer
  • transnational
  • decentralized federation
  • centralized hub
  • coordinated federation

Question 38

Question
In a ________ structure, operational decisions are delegated to division general managers/country presidents, but broader strategic decisions are made at corporate headquarters.
Answer
  • transnational
  • centralized hub
  • coordinated federation
  • decentralized federation

Question 39

Question
Firms pursuing an international strategy have ________ basic organizational structural alternatives.
Answer
  • 3
  • 5
  • 4
  • 2

Question 40

Question
There are relatively few examples of pure ________ in today's economy.
Answer
  • decentralized federations
  • transnational structures
  • centralized hubs
  • coordinated federations

Question 41

Question
An important economy of scope for Agrestal in pursuing international opportunities is
Answer
  • technology.
  • access to raw materials.
  • organizational learning.
  • synergy.

Question 42

Question
Agrestal's use of licensing in certain countries is an example of ________ governance organizing option.
Answer
  • market
  • corporate
  • hierarchical
  • intermediate market

Question 43

Question
When Agrestal (along with other companies) was asked to leave a foreign country in the 1990s, it was a victim of
Answer
  • corporate risk.
  • cultural risk.
  • political risk.
  • financial risk.

Question 44

Question
What Agrestal did in Brazil was an example of
Answer
  • hedging.
  • countertrade.
  • diversification.
  • strategizing.

Question 45

Question
Agrestal's use of hedging is a way for the company to guard against ________ risks.
Answer
  • political
  • market
  • business
  • financial

Question 46

Question
Agrestal's organizational structure is most likely the ________ structure.
Answer
  • centralized hub
  • transnational
  • decentralized federation
  • coordinated federation

Question 47

Question
From its organization structure, it appears that Agrestal is attempting to maximize ________ in its operations.
Answer
  • local responsiveness
  • strategic coordination
  • operational coordination
  • international integration

Question 48

Question
To optimize both local responsiveness and international integration, Agrestal has to move to a ________ structure.
Answer
  • matrix
  • transnational
  • operational
  • coordinated federation
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