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Business Management Expert Answers & Study Resources : Page 209

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  51. (p. 354) According to the International Monetary Fund, harmonizing labor standards across nations would be beneficial to workers and would promote economic growth.  Multiple Choice Questions 52. (p. 213) Labor quality refers to:  A. the best employees at relatively low rates. B. attitudes, education and skills of workers. C. number of available employees. D. number of available unemployed employees. 53. (p. 333) India and China have approximately what percentage.

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  71. (p. 349) In traditional societies such as those in Turkey, East Africa, and Southeast Asia, outsiders may dominate which profession(s)?  A. Agriculture. B. Military. C. Banking/business. D. Politics. 72. (p. 350) The effects of poverty in developing nations:  A. create motivation for the labor force. B. create resentment when upskilling is required. C. create challenges including education, upskilling, and the need for increased efficiency. D. all of the above. 73. (p. 351) Which of the following.

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  • 71. (p. 349) In traditional societies such as those in Turkey, East Africa,
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  11. (p. 405) Organization by product is most favored by global companies because this type of organization guarantees the firm is a global company.  12. (p. 406) The regionalized organization appears to be popular with companies that manufacture products with a rather low technological content.  13. (p. 407) Both multinational and global companies use regionalized organizations.  14. (p. 407) Production coordination poses difficult problems in.

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  • 11. (p. 405) Organization by product most favored by global companies because this
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  11. (p. 371) Companies have the potential to achieve competitive advantages through leveraging their organizational knowledge across national boundaries.  12. (p. 372) After setting corporate objectives, the company management must define the company's vision and mission.  13. (p. 374) Objectives must be quantified in order to be useful.  14. (p. 375) When developing and assessing strategic alternatives, it is important to remember that companies competing.

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  • 11. (p. 371) Companies have the potential to achieve competitive advantages through leveraging
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  51. (p. 430) The analyst is mostly concerned with which of the following during the second screening?  A. Trends in inflation B. Interest rates C. Exchange rates D. all of the above E. A and C 52. (p. 430) Credit availability, paying habits of customers and rates of return are considered in the:  A. First screening B. Second screening C. Third screening D. Fourth screening 53. (p. 430) All of the following are part of the E-commerce readiness index.

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  Fill in the Blank Questions 92. (p. 333) __________ __________ is the skills, education, and attitudes of available employees.  93. (p. 333) __________ __________ is the number of available employees with the skills required to meet an employer's business needs.  94. (p. 337) The movement of people from country to country or area to area to get jobs is __________ __________.  95. (p. 341) The loss.

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  • Fill in the Blank Questions 92. (p. 333) __________ __________ the skills, education, and
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  92. (p. 410) A business entity with a clearly defined market, specific competitors, the ability to carry out its business mission, and a size appropriate for control by a single manager is a(n) ________________.  93. (p. 410) An organization which coordinates economic activity to deliver value to customers using resources outside its traditional boundaries is a ______________.

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  • 92. (p. 410) A business entity with a clearly defined market, specific competitors,
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True / False Questions 1. (p. 331) Japan's "jobs-for-life" culture is rapidly disappearing, and many part-time and temporary jobs are being created in that country.  2. (p. 332) A benefit of the large domestic population base in China is that economic growth is not constrained by a shortage of talented people.  3. (p. 333) Labor quantity refers to the attitudes, education, and.

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  • True / False Questions 1. (p. 331) Japan's "jobs-for-life" culture rapidly disappearing, and many
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  61. (p. 414) Some of the variables that determine which decision is made where include:  A. product and equipment. B. competence of subsidiary. C. state-of-the-art communication networks. D. A and B. 62. (p. 414) The decisions to standardize product and equipment with which to make it and to tailor it to fit each national market are most likely to be made by:  A. IC headquarters. B. subsidiary headquarters. C. LDC government.

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  • 61. (p. 414) Some of the variables that determine which decision made where
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  11. (p. 448) A sales company is established to market goods or services, not to produce them.  12. (p. 448) Turnkey projects export technology, management expertise, and capital equipment.  13. (p. 448) Producing a factory ready to operate is similar to producing a "turnkey project."  14. (p. 449) Licensing refers to a contractual agreement in which the licensor grants access to its patents, trade secrets,.

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  • 11. (p. 448) A sales company established to market goods or services, not
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  61. (p. 315) Under currency exchange controls, the currency's value may be:  A. arbitrarily fixed by the government and not market forces. B. set at a rate higher than its value in the free market. C. fixed by market forces. D. A and B. 62. (p. throughout chapter) A South African exporter might be concerned about:  A. South Africa's BOP account, because she sources from other African.

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  • 61. (p. 315) Under currency exchange controls, the currency's value may be: A. arbitrarily fixed
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  21. (p. 339) Migrant workers are estimated to send home more than $300 billion per year, an amount exceeding all official government assistance worldwide for development.  22. (p. 339) The highest proportion of working children is found in Asia.  23. (p. 339) One in seven of the world's children aged 5 to 17 work under conditions that fail to meet their.

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  • 21. (p. 339) Migrant workers estimated to send home more than $300 billion
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True / False Questions 1. (p. 428) Market screening is a modified version of environmental scanning in which the firm studies the stock market to eliminate the less desirable markets.  2. (p. 428) By conducting environmental scanning, a firm can monitor the natural resources around the world that may affect it.  3. (p. 428) In environmental scanning the firm scans the world.

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  • True / False Questions 1. (p. 428) Market screening a modified version of environmental
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  51. (p. 376) When a company faces strong pressures for reducing costs and limited pressure to adapt products for local markets, it should tend to use a:  A. global strategy B. multidomestic strategy C. transnational strategy D. differentiation strategy 52. (p. 378) Scenarios assist managers:  A. in becoming aware of the critical elements of the external forces. B. in preparing contingency plans. C. in preparing budgets. D. A and B. 53. (p. 378) Scenario planning:  A. has an objective.

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  • 51. (p. 376) When a company faces strong pressures for reducing costs and
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  61. (p. 436) Mail surveys can be a difficult foreign market research tool because:  A. Mail deliveries can take weeks. B. Sometimes mail is not delivered at all. C. Response rates for mail surveys may be low. D. All of the above. 62. (p. 438) There are several criteria for segmenting markets. Which of the following is not a criterion for segmenting?  A. Definable B. Accessible C. Small D. Actionable Fill in the Blank.

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  • 61. (p. 436) Mail surveys can be a difficult foreign market research tool
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  61. (p. 384) In the new strategic planning process:  A. top management is assigning strategic planning to teams of line and staff managers from the same business. B. interaction with important customers and suppliers should be included. C. governments and other stakeholder activities should be direct participants. D. all of the above E. A and C only 62. (p. 384) The new directions in planning:  A. have made strategic.

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  • 61. (p. 384) In the new strategic planning process: A. top management assigning strategic planning
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  31. (p. 384) Strategic planning processes are something that only the company's most senior executives are involved with.  32. (p. 384) There is a growing tendency for firms to use strategic planners to make the corporate plan which is then handed to operations people to implement.  33. (p. 385) Computers enable company planners to provide management with much needed precise plans.

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  31. (p. 415) In larger, older organizations more decisions are made at the subsidiaries.  32. (p. 415) The increasing pace of change and intensity of competition in many markets of the world, as well as continued differences across many markets, are causing even large experienced companies to delegate at least some decision-making authority to subsidiary managers.  33. (p. 415) Decisions that.

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  • 31. (p. 415) In larger, older organizations more decisions made at the subsidiaries. 32. (p. 415) The
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  51. (p. 309) The BIS is:  A. cover for a trade at a premium. B. very discreet. C. a spot rate maneuver. D. part of the EU. 52. (p. 311) You can find international currency exchange quotations in:  A. on-line currency trading sites. B. the business section of most major newspapers. C. The Financial Times. D. all of the above. 53. (p. 315) Some governments require permission to purchase foreign currency because:  A. they are concerned about ICs repatriating.

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  • 51. (p. 309) The BIS is: A. cover for a trade at a premium. B. very discreet. C. a
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True / False Questions 1. (p. 367) International strategy helps firms to make choices about how to deploy scarce resources in order to achieve their international objectives.  2. (p. 367) The basic concept behind strategic planning is to help ensure that managers have a sound understanding of the business, the strategy, the assumptions behind the strategy, the external.

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  • True / False Questions 1. (p. 367) International strategy helps firms to make choices
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True / False Questions 1. (p. 468) Companies decide to export to increase their sales and profits, or to protect them from being eroded.  2. (p. 468) The internet is likely to be a good source to find a producer of a specific product.  3. (p. 468) Exporting allows a company to achieve additional sales, which allows the firm to use its.

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  • True / False Questions 1. (p. 468) Companies decide to export to increase their
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  91. (p. 376) Strategy and decision making are typically centralized at headquarters, and the company tends to offer standardized products and services, when a company is pursuing a _________ strategy.  92. (p. 377) A _______ strategy tends to be used when a company simultaneously confronts pressures for cost effectiveness and local adaptation, and when there is a.

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  • 91. (p. 376) Strategy and decision making typically centralized at headquarters, and the
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  Fill in the Blank Questions 88. (p. 309) _________ financial forces include foreign currency exchange risks, national BOP, taxation, tariffs, and national monetary and fiscal policies.  89. (p. 315) Firms will go to remarkable extremes to get __________ currency out of exchange-controlled countries.  90. (p. 315) Article 14 countries are countries that _________ __________.  91. (p. 307) A __________ __________ is a currency exchange rate directly.

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  • Fill in the Blank Questions 88. (p. 309) _________ financial forces include foreign currency
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  84. (p. 430) Average growth rate in commercial energy use + real growth rate in GDP compose the _________ __________ ___________ index.  85. (p. 432) Entry barriers, profit remittance barriers, and policy stability are all part of the ___________ ___ ___________ ___________.  86. (p. 436) In a personal interview or phone survey situation, some respondents want to help the interviewer out.

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  • 84. (p. 430) Average growth rate in commercial energy use + real growth
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  31. (p. 343) Employment policies consider social status, balance of payments, and sexism.  32. (p. 344) Sexism, the denial of equal participation in a society for women, developed as an inherent part of many cultures and is still legal in many nations today.  33. (p. 345) There are societies in which a person's social status is established by the caste or.

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  • 31. (p. 343) Employment policies consider social status, balance of payments, and sexism. 32. (p. 344) Sexism,
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  71. (p. 307, 312) Monetary policies:  A. address collecting of money by governments. B. address spending of money by governments. C. determine the types of taxes collected. D. control the amount of money in circulation. 72. (p. 312) Fiscal policies:  A. address collecting of money by governments. B. address spending of money by governments. C. determine the types of taxes collected. D. all of the above. 73. (p. 312) Successful monetary and fiscal policies:  A. remove artificial economic controls. B. apply.

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  • 71. (p. 307, 312) Monetary policies: A. address collecting of money by governments. B. address spending of
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  31. (p. 433) One should not look at socio-cultural forces as subjective.  32. (p. 434) Countries in which strong competition already exists are eliminated from consideration by most managers.  33. (p. 434) Managers may consider entering a market in which strong competition already exists, if they believe entering a competitor's home market will distract the competitor's attention from the new entrant's.

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  • 31. (p. 433) One should not look at socio-cultural forces as subjective. 32. (p. 434) Countries in
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  61. (p. 452) In 2005, foreign firms investing in the United States spent ____________ on establishing new firms as they did on acquiring going firms.  A. twice as much B. 25 percent as much C. nine times as much D. one-ninth as much E. about the same amount 62. (p. 452) A joint venture may be:  A. a corporate entity formed between an international firm and local owners. B. a corporate.

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  • 61. (p. 452) In 2005, foreign firms investing in the United States spent
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  31. (p. 454) Strategic alliances can be not-for-profit.  32. (p. 454) Strategic alliances take many forms, including licensing, mergers, joint ventures, and joint research and development partnerships.  33. (p. 454) One type of strategic alliance between competitors is an R&D partnership.  34. (p. 455) Pooling alliances are driven by the logic of contributing dissimilar resources, while trading alliances are driven by similarity and integration.  35. (p. 455) Trading and.

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  • 31. (p. 454) Strategic alliances can be not-for-profit. 32. (p. 454) Strategic alliances take many forms, including
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True / False Questions 1. (p. 402) A company's organizational structure helps to determine where formal power and authority will be located within the organization.  2. (p. 402) Organizational structure deals with how an international business should be organized in order to ensure that its worldwide business activities are integrated.  3. (p. 403) An evolving structure for an international organization over time.

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  • True / False Questions 1. (p. 402) A company's organizational structure helps to determine
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  21. (p. 410) Strategic business units are an organizational form in which geographic divisions have been defined as though they were distinct, independent businesses.  22. (p. 410) The rapidly changing business environment caused by increased global competition, customer preference for custom-made rather than mass-produced products, and faster technological change is pressuring companies to make greater use of.

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  • 21. (p. 410) Strategic business units an organizational form in which geographic divisions
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  Fill in the Blank Questions 81. (p. 367) __________ ___________________ is concerned with the way firms make fundamental choices about developing and deploying scarce resources internationally.  82. (p. 367) __________ __________ is the ability of a company to have higher rates of profits than its competitors.  83. (p. 367) __________ are skills or abilities required in order to adequately complete a task.  84. (p. 367) __________.

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  • Fill in the Blank Questions 81. (p. 367) __________ ___________________ concerned with the way
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  41. (p. 458) Export commission agents represent overseas purchasers and act as resident buyers in industrialized nations.  42. (p. 458) Korean trading companies, owned by the conglomerates known as chaebol, are responsible for a major part of Korea's exports.  43. (p. 458) Export merchants are exporters who buy directly from the manufacturer and then sell in their own names.  44. (p. 458) Webb-Pomerene Associations are.

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  • 41. (p. 458) Export commission agents represent overseas purchasers and act as resident
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  11. (p. 471) The National Trade Date Bank (NTDB) provides a comprehensive guide for new exporters and is a source of specific product and regional information for experienced exporters searching new markets.  12. (p. 471) SBDCs and CIBERSs are located in some universities and are offered by the Office of International Trade.  13. (p. 471) SBA stands for Small Businesses of.

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  • 11. (p. 471) The National Trade Date Bank (NTDB) provides a comprehensive guide
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  21. (p. 452) Most of the foreign direct investment in the United States has been spent establishing new companies.  22. (p. 452) If a firm decides to become involved in overseas manufacturing it has two options: (1) wholly owned subsidiary and (2) joint venture.  23. (p. 451) Historically, firms engaged in FDI have generally preferred wholly owned subsidiaries.  24. (p. 453) It is not possible.

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  • 21. (p. 452) Most of the foreign direct investment in the United States
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  51. (p. 408) A hybrid organization may result from:  A. the firm's acquiring a company with distinct products and distribution channels. B. management's attempt to mesh product and regional expertise. C. management's problems with a matrix organization. D. a firm's use of SBUs. 52. (p. 408) The __________ organization has evolved from management's attempt to mesh product and regional and functional expertise while maintaining clear.

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  • 51. (p. 408) A hybrid organization may result from: A. the firm's acquiring a company
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  11. (p. 430) Knowing the number of imports to a specific country, gives a firm a complete measure of market potential.  12. (p. 430) Trade flows are good indicators of the magnitude of present sales.  13. (p. 430) Imports to a country can be a good indicator of the potential demand for a new product.  14. (p. 430) During the second screening, analysts are highly.

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  • 11. (p. 430) Knowing the number of imports to a specific country, gives
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  21. (p. 431) Market indicators are economic data that correlate highly with market demand for a product.  22. (p. 430) Market indicators measure relative market weaknesses.  23. (p. 431) Estimation by analogy is an example of a market factor.  24. (p. 431) Trend analysis assumes that past conditions will remain constant.  25. (p. 431) When the historic growth rates of a product are known, future growth can be forecast.

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  • 21. (p. 431) Market indicators economic data that correlate highly with market demand
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  61. (p. 342) Many foreign students come to the U.S. for education and then stay on to work because:  A. they like the merit-based economic system. B. they like the quality of life. C. they like the salary and research opportunities. D. all the above. 62. (p. 343) Guest workers help to compensate for:  A. diversity in homogeneous cultures. B. low education levels in the host country. C. high wages in.

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  • 61. (p. 342) Many foreign students come to the U.S. for education and
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  51. (p. 447) Companies wishing to export must first choose between  A. exporting directly and using sales companies. B. exporting indirectly or using joint ventures. C. exporting directly or indirectly. D. exporting directly and licensing. 52. (p. 447) __________ permits a firm to set up an export program with a minimum of cash outlay and little special expertise.  A. Joint venture B. Direct exporting C. Franchising D. Indirect exporting 53. (p. 447) A disadvantage(s) of indirect exporting.

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  • 51. (p. 447) Companies wishing to export must first choose between A. exporting directly and
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  41. (p. 349) Globalization may work against racism.  42. (p. 349) The United Nations Personal Pledge Against Racism is an effort to reduce discrimination against minorities.  43. (p. 349) In some societies, business people are looked down upon.  44. (p. 351) Labor unions are similar from country to country.  45. (p. 351) Labor unions tend to be more effective in developing countries.  46. (p. 351) European labor unions are usually identified with political.

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  • 41. (p. 349) Globalization may work against racism. 42. (p. 349) The United Nations Personal Pledge Against
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  87. (p. 447) The exporting of goods and services through various home-based exporters is __________ __________.  88. (p. 448) A __________ __________ is a business established by a direct exporter for purpose of marketing goods in a foreign market, not producing them in that market.  89. (p. 452) A cooperative effort among two or more organizations who share a common interest.

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  • 87. (p. 447) The exporting of goods and services through various home-based exporters
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  21. (p. 379) Scenarios are a particularly useful approach for international companies that face high levels of change and uncertainty, because it allows management anticipate and prepare for opportunities and threats by predicting and controlling for these developments.  22. (p. 380) Contingency plans are developed in some firms for the best and worst case scenarios and for.

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  • 21. (p. 379) Scenarios a particularly useful approach for international companies that face
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  41. (p. 437.) The Internet may eventually allow any firm the opportunity to conduct surveys anywhere in the world.  42. (p. 436) College students may make good interviewers for firms doing market research in foreign countries.  43. (p. 438) As humans, it is easier to think of ourselves as market segments that extend across borders rather than as discrete country segments.  44. (p. 438) With.

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  • 41. (p. 437.) The Internet may eventually allow any firm the opportunity to
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  41. (p. 366) To fully understand why, how, and where they intend to do business, now and over time, managers must have:  A. a clear understanding of the company's mission. B. a vision for how they intend to achieve the company's mission. C. an understanding of how the company plans to compete with other companies. D. all of the above. 42. (p. 367) International strategy:  A. needs.

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  • 41. (p. 366) To fully understand why, how, and where they intend to
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  41. (p. 404) The primary dimensions that need to be considered when designing the structure of an international company are:  A. product and technical expertise, geographic expertise, and functional expertise. B. product and technical expertise, customer expertise, and functional expertise. C. geographical expertise, functional expertise, and customer expertise. D. all of the above 42. (p. 404) In designing the organizational structure, management know two concerns,.

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  • 41. (p. 404) The primary dimensions that need to be considered when designing
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  Fill in the Blank Questions 82. (p. 402) ___________ ___________ refers to the way that an organization formally arranges its various domestic and international units and activities, and the relationships among these various organizational components.  83. (p. 403) ___________ _________ is a process that deals with how an international business should be organized in order to ensure that.

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  • Fill in the Blank Questions 82. (p. 402) ___________ ___________ refers to the way
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  71. (p. 454) Strategic alliances are  A. partnerships between competitors, customers, or suppliers that may take various forms. B. another name for a growth triangle. C. arbitration. D. none of the above. 72. (p. 455) Channels of distribution:  A. are systems of agencies through which a product and title pass from producer to user. B. are both controllable and uncontrollable variables. C. are controllable variables. D. A and B. 73. (p. 456) Although there have been a.

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  • 71. (p. 454) Strategic alliances are A. partnerships between competitors, customers, or suppliers that may
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True / False Questions 1. (p. 446) Evidence suggests that pioneers gain and maintain a competitive advantage in new markets.  2. (p. 446) Research shows that surviving pioneers hold a smaller average market share when their industries reach maturity than firms that were either fast followers or late entrants in the product category.  3. (p. 446) Volume and market share are the.

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