14) the process by which a firm’s managers evaluate the future prospects of the firm and
decide on appropriate strategies to achieve long-term objectives is called strategic
planning.
15) globalization of competitors is one of the proactive reasons that prompt a company
to operate overseas.
16) the degree to which headquarters’ practices and goals are transferable most likely
depends on whether ________.
a) top managers are from the head office, the host country, or a third country
b) the organization is product- or service-oriented
c) financial performance reports show a positive trend in growth over the past several
years
d) the production system is standardized
17) which of the following refers to a problem that firms with structurally sophisticated
global networks are most likely to face?
a) environmental volatility
b) competition from domestic firms
c) low cost savings
d) import tariffs
18) centralized global product responsibility implies that ________.
a) a single manager at the headquarters is responsible for a specific product around the
world
b) a single manager is responsible for a specific product locally
c) a group of managers at the headquarters jointly shares product responsibility
d) product responsibility rests with subsidiary managers