Info
Warning
Danger

Study Resources (Business Management)

    41) ________ refers to management of the physical flow of products from the point of origin as raw materials to end users as finished products. A) Operations research B) Logistics C) Warehousing D) Environmental scanning 42) Which of the following statements is true about country image and its effects on global companies? A) It embodies all.
1 Views
View Answer
    51) Companies that produce entire inventories of products or components in one or very few optimal locations are most likely to follow a ________ strategy. A) retrenchment B) global C) blue ocean D) multinational   52) Companies that typically design promotional campaigns and advertising strategies at their headquarters are most likely to follow a ________ strategy. A).
0 Views
View Answer
    11) A multinational strategy is most appropriate for companies that do not have foreign direct investments but rather export their products to foreign markets.   12) A multinational strategy entails having a separate strategy for each nation in which a company markets its products.   13) A multinational strategy is best suited to industries.
4 Views
View Answer
    61) Which of the following stages of the market or site screening process involves an assessment of potential threat from substitute products? A) identification of basic appeal of a product B) measurement of market or site potential C) assessment of the national business environment D) selection of the market or site 62) Which of.
0 Views
View Answer
    11) Switch trading is the export of industrial equipment in return for products produced by that equipment.   12) Advance payment is the least favorable method of payment collection for exporters.   13) Advance payment made by an importer to an exporter normally takes the form of a sight draft. 14) A sight draft extends.
6 Views
View Answer
    21) The primary advantage of franchising is that franchisees have a great degree of organizational flexibility.   22) Under a turnkey project, one company supplies another with managerial expertise for a specific period of time.   23) In a backward integration joint venture, the parties choose to invest together in downstream business activities.   24) The.
3 Views
View Answer
    71) The process of collecting and analyzing original data and applying the results to current research needs is called ________. A) primary market research B) secondary market research C) data harvesting D) data mining   72) An exhibition at which members of an industry showcase their latest products, study activities of rivals, and examine recent trends.
3 Views
View Answer
    1) The most common method used for buying and selling goods internationally is licensing.   2) Most large companies use exporting as a means of expanding total sales when the domestic market has become saturated.   3) Companies can achieve economies of scale by expanding into international markets.   4) Matching market needs to the company's.
12 Views
View Answer
    21) Industry data cannot indicate how individuals feel about a company or its products.   22) Interviews and focus groups are two main sources of secondary data that help managers make informed decisions.   23) Trade missions are advantageous to small businesses as they are the most inexpensive method of getting introduced to important.
1 Views
View Answer
    31) The main purpose of self-managed teams is to help break down barriers between departments.   32) ________ is the process of identifying and selecting an organization's objectives and deciding how the organization will achieve those objectives. A) Stratification B) Planning C) Economic transition D) Value chain analysis 33) A ________ is a set of planned actions.
0 Views
View Answer
  111) Explain participative management and accountability in a decentralized organization, and discuss the probable accountability issues in a global matrix structure. Include a description of the global matrix structure in your answer.       .
0 Views
View Answer
    21) A low-cost leadership strategy typically requires a company to have a large market share.   22) A negative aspect of a low-cost leadership strategy is low customer loyalty.   23) A differentiation strategy is often implemented when a company wants to exploit economies of scale to have the lowest cost structure.   24) A.
2 Views
View Answer
    51) When developing a market-potential indicator for an emerging market, the size of the market is typically estimated from the nation's ________. A) income elasticity B) GDP C) total population D) GDP at purchasing power parity   52) When developing a market-potential indicator for an emerging market, market growth rate is typically estimated from the.
0 Views
View Answer
    61) A retrenchment strategy is designed to ________. A) encourage growth through joint ventures B) reduce the scale or scope of a corporation's operations C) focus exclusively on internally generated growth D) guard against organizational change   62) A company that is closing factories with unused capacity and laying-off workers is most likely following a ________.
1 Views
View Answer
    31) Which of the following steps of the market screening process involves the analysis of the quality of workforce, materials, and infrastructure? A) identification of basic appeal of a market B) assessment of the national business environment C) measurement of market or site potential D) selection of the market or site   32) Which of the.
0 Views
View Answer
    91) Which of the following is a support activity that creates value for Beanstalk's customers? A) production B) marketing and sales C) customer service D) technology development   92) The strategy that Beanstalk would most likely want to follow is called a ________ strategy. A) multinational B) retrenchment C) global D) stability 93) Beanstalk managers know that the drawback of such.
0 Views
View Answer
    81) A(n) ________ structure is best suited to companies that treat each national market as unique due to the vast cultural, political, or economic differences between nations. A) international division B) international area C) global matrix D) global product   82) Which of the following is a disadvantage of a company with an international area.
0 Views
View Answer
    1) The first step in the screening of potential markets is an assessment of the national business environment.   2) The first step in the identification of potential markets is an assessment of the basic demand for a product.   3) A country's climate plays an important role in determining the basic demand for.
11 Views
View Answer
    11) A product's income-elasticity refers to the sensitivity of the price of a product relative to changes in the income of consumer population.   12) A product for which demand increases more relative to an increase in income has an income-elasticity coefficient less than 1. 13) Food and utilities are examples of income-inelastic.
4 Views
View Answer
    71) A ________ strategy is one in which a company emphasizes on serving the needs of a narrowly defined market segment by being the low-cost leader, differentiating its product, or both. A) global B) focus C) stability D) retrenchment   72) A ________ strategy often means designing products and promotions aimed at consumers who.
0 Views
View Answer
    1) Strategy is the set of planned actions that managers take to help a company meet its objectives.   2) All parties ranging from suppliers and employers to consumers who are affected by a company's activities are called its stockholders.   3) Objectives at the highest level in a company are always stated in.
9 Views
View Answer
    81) An ongoing process of gathering, analyzing, and dispensing information for tactical or strategic purposes is called ________. A) data harvesting B) peer production C) survey research D) environmental scanning Scenario: Chong's analysis of international markets John Chong is an inexperienced entrepreneur in global business. He wants to sell his product, Zulu doll, a toy for.
4 Views
View Answer
  99) Differentiate between primary and support activities that create value for a company's customers. How can managers determine whether an activity enhances customer value?   100) Briefly describe the strategy formulation process of international organizations.       .
1 Views
View Answer
    41) According to value-chain analysis, inbound and outbound logistics are considered as ________. A) tertiary activities B) primary activities C) support activities D) core competencies   42) Which of the following is considered as a support activity in an organization? A) inbound logistics B) marketing and sales C) procurement D) customer service   43) Which of the following statements is true of.
0 Views
View Answer