79. Which of the following terms best represents the norms and value systems that are
shared among the employees of an organization?
80. A firm’s ability to increase its profitability and profit growth by expanding globally is
constrained:
81. A company can increase its growth rate by taking goods or services developed at home
and selling them internationally. The returns from such a strategy are likely to be greater if:
82. Skills within a firm that competitors cannot easily match or imitate are referred to as
_____.
83. How does possessing a core competence help a firm?
84. If a value creation activity of a firm can take place in Mexico most effectively, then that
activity of the firm must be based in Mexico. Firms that pursue such a strategy are most likely to
realize:
85. _____ are the economies that arise from performing a value creation activity in the
optimal place for that activity, wherever in the world that might be.
86. Which of the following is most likely to be the advantage of locating a value creation
activity in the optimal location for that activity?
87. A firm creates a(n) _____ by dispersing different stages of its value chain to those
locations around the world where the value added is maximized or where the costs of value
creation are minimized.
88. In theory, which of the following advantages can be realized by a firm by implementing a
global web of operations?
89. Which of the following caveats is most likely to discourage global expansion of
businesses?
90. The _____ refer(s) to systematic reductions in production costs that have been observed
to occur over the life of a product.
91. A number of studies have observed that a product’s production costs decline by some
quantity about each time _____ doubles.
92. The two phenomena that help explain the experience curve are:
93. _____ refer to cost savings that come from acquiring knowledge from doing a task.
94. Labor productivity increases over time as individuals understand the most efficient ways
to perform particular tasks. This is as a result of _____.
95. In which of the following tasks will the learning effects be most significant?
96. Which of the following is true about learning effects?
97. Learning effects tend to be more significant when:
98. _____ refer to the reductions in unit cost achieved by producing a large volume of a
product.