1. Globalization is a process of closer integration and exchange…
Question Answered step-by-step 1. Globalization is a process of closer integration and exchange… 1. Globalization is a process of closer integration and exchange between: Outsourcing exchange partners Competing multinational companies Different countries and peoples worldwide Emerging economies and their governments 2. Which of the following is NOT a typical reason for why firms expand abroad: Leveraging core capabilities Developing new capabilities Managing corporate risk Avoiding the winner’s curse 3. The mode of entering a foreign market that has the highest level of investment and control is: Exporting Full integration Franchising Licensing 4. According to the integration-responsiveness framework, if a firm, such as Nestlé, is facing high pressures for local responsiveness but low pressures for cost reduction, it is likely to (or should) adopt: A localization strategy An international strategy A transnational strategy A global standardization strategy 5. In international business, multinational enterprises can reduce costs by all of the following, EXCEPT: Taking advantage of scale Using common resources Responding to local customer preferences Choosing a global-standardization strategy 6. The four aspects of Porter’s Diamond Model of National Competitive Advantage include all of the following except: Factor conditions Related and supporting industries/complementors Demand conditions Legal and political institutions 7. A “born global” firm is a start up company that is: International in its operations Targeted to appeal to a global generation of customers Founded by an international/foreign entrepreneur Financed by international venture capital Business Management ECON 101 Share QuestionEmailCopy link Comments (0)
