BMAL 590 Global Dimensions of Business Questions And Answers
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Course
BMAL 590
Institution
BMAL 590
BMAL 590 Global Dimensions of Business
Questions And Answers
Global Strategy Each firm's theory about how to compete successfully in whatever global
markets the firm chooses to compete
Stragegy as a Plan Suggests that strategy is embodied in the same explicit rigorous formal
planning as in t...
, BMAL 590 Global Dimensions of Business
Questions And Answers
valuable capabilities to attack, deter or retaliate; rarity of certain assets; imitability of
competition; organizational skills for actions; resource similarity with rivals
Institution-based considerations Advise managers to be well versed in the "rules of the
game" governing domestic and international competition
International competition: primarily trade/anti-dumping policy
American Anti-trust policy Pro-consumer
Collusive price setting Anti-trust law that refers to monopolists or collusion parties
setting prices at a level higher than the competitive level
Predatory pricing Anti-trust law that refers to practices of setting prices below costs in the
short run to destroy rivals with the intent of raising prices to cover losses in the long run after
eliminating rivals
, BMAL 590 Global Dimensions of Business
Questions And Answers
Extraterritoriality The reach of one country's laws to other countries
Dumping An exporter selling below cost abroad and planning to raise prices after
eliminating local rivals in an attempt to manipulate international competition
Export cartels Alliances of firms that cooperate in exporting
Attack An initial set of actions to gain competitive advantage.
Counterattack a set of actions in response to an attack
3 main types of attack Thrust: brute force
feint: attack on a focal arena important to a competitor
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