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41) According to the integration-responsiveness (IR) grid, consumer electronics and corporate banking are two types of industries with ________ industry pressure for global integration and ________ industry pressure for local responsiveness.

A) low; low

B) high; high

C) low; high

D) high; low

42) In the global environment, firms use an international strategy, a multidomestic strategy, a global strategy, or a ________ strategy.

A) regional

B) standardization

C) transnational

D) locational

43) The integration-responsiveness (IR) expresses how a company's ________ is a function of the relationship between its value chain and the prevailing pressures for global integration or local responsiveness in its industry.

A) value proposition

B) target market

C) mission

D) strategy

44) When the pressure for global integration is high and the pressure for local responsiveness is low, a company is most likely to pursue a(n) ________ strategy.

A) global

B) transnational

C) multidomestic

D) international

45) Firms that pursue a(n) ________ strategy try to create value by transferring valuable core competencies from headquarters to foreign markets where rivals are unable to compete.

A) transnational

B) multidomestic

C) global

D) international

46) Which of the following is NOT a disadvantage of the international strategy?

A) Headquarters can misread foreign-market opportunities and threats.

B) The transfer of core competencies to foreign markets is complicated by local decisions to adapt to local needs.

C) Local subsidiaries are not given the opportunity to adapt value activities and share what they have learned with headquarters.

D) The company can be blindsided by an unexpectedly innovative rival in the foreign market.

47) A distinct advantage of an international strategy is ________.

A) transferring core competencies to foreign markets

B) reaping benefits of global learning

C) customizing product offerings to local conditions

D) leveraging local managers' knowledge of their markets

48) A distinct disadvantage of an international strategy is ________.

A) restricting the movement of core competencies to local markets

B) capitalizing on the benefits of global learning

C) customizing product offerings to local conditions

D) relying on home managers' knowledge of foreign markets

49) Darvin Foods is an MNE that is in the process of revising its international business strategy.

A) a high need for local responsiveness and a low need to reduce costs via global integration

B) a high need for local responsiveness and a high need to create efficiencies via global integration

C) a low need for local responsiveness and a low need to reduce costs via global integration

D) a low need for local responsiveness and a high need to create efficiencies via global integration

50) Preston Electronics is an MNE with facilities located in Taiwan, Singapore, and Germany. Preston gives its local operations the authority to adapt value activities to prevailing local economic, political, legal, and cultural conditions. Preston is most likely using a(n) ________ strategy.

A) global

B) multidomestic

C) international

D) continental

 

 

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