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GEB 4890 - Business Strategy Chapter7 Questions and Answers 100% Solved
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GEB 4890 - Business Strategy Chapter7 Questions and Answers 100% Solved
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GEB 4890 - Business Strategy Chapter7Questions and Answers 100% Solved
What is way a company can successfully compete in a developing-country market, as shown by
Japan's Suzuki when it entered India? ✔✔change the local market to match the company's core
operations.
Companies that practice cross-border coordination often gain which benefits? ✔✔coordinated
production schedules adaptation to tariff and quota changes better workload distribution
True or false: One way a domestic company can successfully compete against a global business
giant is by exploiting shortcomings in the global company's local distribution networks. ✔✔True
True or false: Cross-market subsidization can be a powerful competitive weapon for companies
operating in numerous markets. ✔✔True
By transferring company expertise to cross-border markets, a domestic company can
successfully do what? ✔✔transform into a global company in its own right
, or the decision on the part of two companies to refrain from launching aggressive
actions against each other, may occur when the companies compete against one another in
multiple geographic markets. ✔✔mutual restraint
What can help a company compete successfully in developing-country markets? ✔✔offering
lower-priced, better products customizing its business model to suit local circumstances
If it is impractical for a company to adapt to the situation in a developing-country market, the
company should ✔✔avoid that market.
What are reasons why domestic companies often have an advantage over global companies?
✔✔Domestic companies are familiar with local culture and consumer needs.
Domestic companies are familiar with the local labor force.
, A domestic company can defend against expanding international companies through which
methods? ✔✔employing a rapid-growth strategy pursuing mergers and acquisitions
✔✔to achieve lower costs
What are reasons that companies expand into foreign markets?
to gain access to low-cost production to
gain access to new customers
Companies are often motivated to enter foreign markets to ✔✔take advantage of new
resources and capabilities.
Creating a strategy for entering an international market can be more difficult than entering a
domestic market because ✔✔buyer preferences in foreign markets force companies to
customize their products.
Spurring market growth in a domestic market can translate into an international competitive
advantage owing to which of the following? ✔✔increasing innovation and quality
improvements
Elements of a country's infrastructure that can contribute to factor conditions include
✔✔banking systems. transportation. communication.
Natural-resource companies move into foreign markets to ✔✔access supplies of raw material
more cost effectively.
Different country environments require companies to customize their approaches to which of
the following? ✔✔management
strategy organization
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