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McGraw-Hill Education.
Chapter 07 Strategies for Competing in International Markets Answer Key
Multiple Choice Questions
1.
Which of the following is NOT a reason why the world economy is globalizing at an accelerated pace?
2.
The reasons why a company opts to expand outside its home market include all of the following
EXCEPT
3.
The primary reasons that companies opt to expand into foreign markets are to
4.
Which of the following is NOT a possible reason why Uber opted to expand its on-demand
transportation services into foreign markets?
5.
Exxon Mobil enters into a pact with Gazprom, the world's largest natural gas extractor, to set up a
processing unit in Baku, Azerbaijan. Which of the following is most likely the reason for Exxon Mobil
to opt for this strategic alliance?
6.
Why do companies decide to enter a foreign market?
7.
Which of the following is NOT a reason why a company decides to enter foreign markets?
8.
Which of the following is NOT a reason why crafting a strategy to compete in one or more foreign
markets is inherently complex?
9.
Which of the following is NOT an accurate statement as concerns competing in the markets of foreign
countries?
10.
The diamond framework is NOT LIKELY to answer which of the following questions about competing
on an international basis?
11.
Market size and growth rates in different countries can be influenced positively or negatively by
12.
Which of the following countries had the highest labor wage rates in 2013?
13.
Competing in the markets of foreign countries generally does NOT involve which of the following?
14.
One of the biggest strategic challenges to competing in the international arena includes
15.
What factor is NOT LIKELY responsible for Apple's decision to set up mobile phone manufacturing
facilities in India?
16.
Which of the following is NOT a factor analyzed by firms when developing competitive strength in a
foreign market?
17.
Which of the following exemplifies location-based advantage for the companies competing on an
international basis?
18.
Government policies that can make it more attractive for foreign companies to locate operations abroad
include all of the following EXCEPT
19.
Apollo Tires sets up a manufacturing unit in Mexico. Following this, Renault-Nissan signs a supply
contract with the tire multinational. In which of the following ways is Renault-Nissan likely to gain
from the pact?
20.
Which of the following is LIKELY to be viewed as a pro-business government policy from the
perspective of companies competing on an international basis?
21.
Which of the following is NOT a typical host government requirement that affects the operations of
foreign companies?
22.
The difference between political risks and economic risks is that
23.
A U.S. organic personal hygiene product manufacturer that exports toothpaste and deodorant made at its
U.S. plants for shipment to the U.K. market
24.
An Irish dairy producer that exports gourmet cheeses made at its Kerry plants to the United States
25.
A U.S. company that makes all of its goods at a plant in Brazil and then exports the Brazilian-made
goods to country markets across the world
26.
A European-based company that makes all of its goods at a plant in Brazil and then exports the
Brazilian-made goods to country markets in many different parts of the world
27.
Why does a U.S. company exporting wooden furniture manufactured in Malaysia to the European
Union benefit from the decline in the value of ringgit against the euro?
28.
The advantages of manufacturing goods in a particular country and exporting them to foreign markets
29.
Which of the following statements concerning the effects of fluctuating exchange rates on companies
competing in foreign markets is NOT accurate?
30.
Which of the following statements concerning the effects of fluctuating exchange rates on companies
competing in foreign markets is true?
31.
The advantages of manufacturing goods in a particular country and exporting them to foreign markets
32.
A weaker U.S. dollar is an economically favorable exchange-rate shift for manufacturing plants based in
the United States.
33.
Which of the following does NOT exemplify cross-country differences in demographic, cultural, and
market conditions?
34.
Which of the following exemplifies cross-country differences in demographic, cultural, and market
conditions?
35.
Companies operating in an international marketplace have to respond to all of the following, EXCEPT
36.
The strategic options for expansion into foreign markets do not include
