11.Moving into international markets a particularly attractive strategy to firms : 1413270
11.Moving into international markets is a particularly attractive strategy to firms whose domestic markets
a.demand a differentiation strategy for success.
b.are limited in opportunities for growth.
c.have developed unfriendly business attitudes toward the industry.
d.have too much regulation.
12.Working in multiple international markets can provide firms with __________ perhaps even in terms of _______ .
a.location advantages; larger markets
b.research and development activities; larger markets
c.new learning opportunities; research and development activities.
d.economies of scale and learning; larger markets
13.Firms able to standarize the processes used to produce, sell, distribute, and service their products across country borders enhance their ability to
a.learn how to continuously reduce costs while increase the value of their products.
b.increase investment in research and development.
c.access to a low-cost labor force in the host market.
d.mitigate cultural differences.
14.Firms with core competencies that can be exploited across international markets are able to
a.achieve synergies and produce high quality goods at lower costs.
b.enter new markets more quickly.
c.enhance their market image and brand loyalty among local consumers.
d.meet local government requirements more quickly than their international competitors.
15.The location advantages associated with locating facilities in other countries can include all of the following EXCEPT
b.access to critical supplies.
c.access to customers.
d.evasion of host country governmental regulations.
16.Factors of production in Porter’s model of international competitive advantage include all of the following EXCEPT
17.In Porter’s model, a specialized factor of production would include
a.abundant natural resources.
b.a large workforce.
c.an extensive highway transportation system.
d.workers with advanced engineering skills.
18.In Porter’s model, if a country has both ________ and __________ production factors, it is likely to serve an industry well by spawning strong home-country competitors that can also be successful global competitors.
19.Japan, due to a lack of undeveloped land, would be an unusual choice of location for a U.S. cattle company to set up local grazing operations. This limiting factor would be identified in what part of Porter’s determinants of national advantage?
a.Factors of production
c.Related and supporting industries
d.Firm strategy, structure and rivalry
20.A fundamental reason for a country’s development of advanced and specialized factors of production is often its
a.lack of basic resources.