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102.
Ricoh Americas Corporation has significant international operations. Faced with local reticence to adapt
changes that come from other global regions, what does Ricoh suggest is the most successful approach?
103.
Renault paid 1 billion USD to acquire a 25 percent ownership stake in the Russian automaker AvtoVAZ
in 2008. Just one year later, Russian Prime Minister Vladimir Putin threatened to dilute the Renault
ownership stake unless it contributed more money to prop up AvtoVAZ, which was then experiencing a
significant slide in sales. This is an example of _____________ risk.
104.
According to the Euromoney magazine 2014 annual Country Risk Rating, which one of the following
countries has the highest economic risk?
105.
Which one of the following is one of the Theodore Levitt assumptions supporting a pure global
strategy?
106.
When firms expand into global markets, they are faced with the choice of reducing costs and/or
adapting to the local market. When high pressures exist to lower costs, companies should choose a(n)
__________ or __________ in order to compete in the global marketplace.
107.
When firms expand into global markets, they are faced with the choice of reducing costs and/or
adapting to the local market. When high pressures exist to adapt locally, companies should choose a(n)
__________ or __________ in order to compete in the global marketplace.
108.
To be responsive to local pressures, companies must ____________ their offerings and strategies from
country to country to reflect local consumer preferences.
109.
When differentiating products and services to local markets, strategies and tactics are likely to
__________ company costs.
110.
In the quest to achieve competitive advantage in global markets, competitive pressures require that firms
do what they can to _______ unit costs so that consumers will not perceive their product and service
offerings as too expensive.
111.
Which would be the appropriate strategy for companies to use to compete in the global marketplace if
the marketplace pressure is for lower costs with little pressure for local adaptation?
112.
High pressure for local adaptation combined with low pressure for lower costs would suggest what type
of international strategy?
113.
In considering the transnational strategy, Nestle evaluates the limits of decentralization. The closer they
are to the consumer in activities such as branding and pricing, the more then tend to decentralize. The
more they deal with production and logistics, the more they centralize decision-making. The production
and logistics decisions involve _______ activities.
114.
Industries in which proportionally more value is added in __________ activities are more likely to
benefit from a global strategy.
115.
Which of the following types of international firms are most likely to benefit from a global strategy as
opposed to a multidomestic strategy?
116.
Recent trends that might lead managers of multinational corporations (MNCs) to adopt a more
decentralized strategy for their operations would include all of the following except
117.
Firms following a global strategy strive to offer __________ products and services as well as locate
manufacturing, Research and Development, and marketing activities in a limited number of locations.
118.
As in the case of Siebel Systems (now part of Oracle), elements of a global strategy may facilitate the
competitive advantage of differentiation by
119.
Which of the following is not a risk associated with a global strategy?
120.
Which one of the following is not a limitation of a global strategy?
121.
Which of the following is a reason for the rise in regional expansion?
122.
Which one of the following explains why so few firms are global?
123.
Which one of the following is not a Western hemisphere trade bloc?
124.
Canada and Mexico are the same distance from the United States, but trade is higher between the U.S.
and Canada than with Mexico because
125.
Regionalization is most important because it permits companies to organize their activities based upon
126.
Similarity of culture, laws, rules, and norms encourages
127.
According to the textbook, _______________ economic integration has progressed as a faster pace than
_________ economic integration.
128.
Regions represent the outcomes of centuries of political and cultural history that results in not only
_________ but also mutual _____________.
129.
Shared Spanish colonialism is one reason that explains regionalism tendencies in
130.
Shared Arabic language and the Muslim religion is one reason that explains regionalism tendencies in
131.
Which of the following describes the most typical order of entry into foreign markets?
132.
A domestic corporation considering international expansion for the first time typically will follow
which of these paths?
133.
The form of entry strategy into international operations that offers the lowest level of control for the
domestic corporation would be
134.
Fees that a multinational receives from a foreign licensee in return for its use of intellectual property
(trademark, patent, trade secret, technology) are usually called
135.
The difference between a franchise contract and a licensing contract is that a
136.
The __________ entail the creation of a third-party legal entity, whereas the __________ do not.
137.
A __________ is a business in which a multinational company owns 100 percent of the stock.
138.
__________ are most appropriate when a firm already has the appropriate knowledge and capabilities
that it can leverage rather easily through multiple locations in many countries.
139.
What agreement entails the creation of a third-party legal entity?
140.
A firm can establish a wholly owned subsidiary by
