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SEVI 3013 Chapter 7 New /42 Questions With Verified Answers Graded (A+)
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SEVI 3013 Chapter 7 New 2023-2024/42 Questions WithVerified Answers Graded (A+)
Quiz :Which of the following characterize globalization? (Check all that apply.) -
Answer :an increase in the exchange of money, ideas, and information
a growing similarity of laws, rules, norms, values, and ideas across countries
an increase in international exchange, including trade in goods and services
Quiz :The ______ is a framework for explaining why countries foster successful
multinational corporations. - Answer :diamond of national advantage
Quiz :Which of the following are examples of factor endowments? (Check all that
apply.) - Answer :supporting infrastructure of a country such as transportation
and communication systems
factors of production, such as skilled human resources, land, and capital
Quiz :Which of the following statements about demand conditions are correct?
(Check all that apply.) - Answer :Industries that have demanding customers often
are able to anticipate future global demand conditions and proactively respond to
these requirements.
They refer to the demands that consumers place on an industry for goods and
services.
When consumers place high demands on firms, firms are motivated to meet these
high standards.
Quiz :Which of the following statements about related and supporting industries'
role in creating a diamond of national advantage are correct? (Check all that
apply.) - Answer :Close working relationships with suppliers help develop
competitive advantages, for example through joint research and development.
Related and supporting industries enable firms to manage their supply chain's
inbound logistics more effectively.
Competitive supplier bases often decrease manufacturing costs.
Quiz :______ is the rise of market capitalism around the world. -
Answer :Globalization
, Quiz :______ are the conditions in the nation governing how companies are
created, organized, and managed as well as the nature of domestic rivalry. -
Answer :Firm strategy, structure, and rivalry
Quiz :Which of the following are factors of the diamond of national advantage?
(Check all that apply.) - Answer :demand conditions
related and supporting industries
factor endowments
firm strategy, structure, and rivalry
Quiz :What can be concluded about companies that are successful globally? -
Answer :They first succeeded in highly competitive domestic markets.
Quiz :______ are a nation's position in factors of production. - Answer :Factor
endowments
Quiz :Which of the following are motivations for international expansion? -
Answer :To increase the company's market size
Quiz :______ are the nature of home-market demand for the industry's product
or service. - Answer :Demand conditions
Quiz :Which of the following are the main types of risk when expanding
internationally? (Check all that apply.) - Answer :economic
currency
political
Quiz :Which of the following refers to the presence, absence, and quality in the
nation of supplier industries and other related industries that supply services,
support, or technology to firms in the industry value chain? - Answer :related and
supporting industries
Quiz :______ is using other firms to perform value-creating activities that were
previously performed in-house. - Answer :Outsourcing
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