Question 1

Which one of the following is one of the Theodore Levitt assumptions supporting a pure global strategy?

Accepted Answer

A)   Consumers are willing to pay more for specific product features.
B)   Customer needs and interests are becoming more dissimilar.
C)   MNCs can successfully compete globally by aggressively pricing products at the sacrifice of product features.
D)   If the world markets are treated as heterogeneous, substantial economies of scale are easily achieved.

Question 2

The factor endowments of a country are inherited and cannot be created.

Accepted Answer

A) True 
 B)False

Question 3

Wages in developing markets can be volatile and spike dramatically.The United States can be ________ on a wage basis if its average wages decline.

Accepted Answer

A)   less competitive
B)   more competitive
C)   more risky
D)   more volatile

Question 4

The trend towards worldwide markets makes it easier to predict where competitors will spring up.

Accepted Answer

A) True 
 B)False

Question 5

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.

Accepted Answer

A)   widely differentiated
B)   more expensive local
C)   internationally differentiated
D)   standardized

Question 6

Statistics indicate that over half of the world output now comes from emerging markets.This is leading to a(n) ________ of living standards across the globe and is changing the face of business.

Accepted Answer

A)   divergence
B)   convergence
C)   expansion
D)   contraction

Question 7

Regions represent the outcomes of centuries of political and cultural history that results in not only ________ but also mutual ________.

Accepted Answer

A)   differences; expectations
B)   similarities; expectations
C)   commonalities; losses
D)   commonalities; affinities

Exam 7: International Strategy: Creating Value in Global Markets

Which one of the following is one of the Theodore Levitt assumptions supporting a pure global strategy?

Correct Answer
verified

The factor endowments of a country are inherited and cannot be created.

Correct Answer
verified

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.

Correct Answer
verified

Regions represent the outcomes of centuries of political and cultural history that results in not only but also mutual .

Correct Answer
verified

The trend towards worldwide markets makes it easier to predict where competitors will spring up.

Correct Answer
verified

Statistics indicate that over half of the world output now comes from emerging markets.This is leading to a(n) ________ of living standards across the globe and is changing the face of business.

Correct Answer
verified

Wages in developing markets can be volatile and spike dramatically.The United States can be ________ on a wage basis if its average wages decline.

Correct Answer
verified

Exam 7: International Strategy: Creating Value in Global Markets

Which one of the following is one of the Theodore Levitt assumptions supporting a pure global strategy?

Correct AnswerverifiedShow Answer

The factor endowments of a country are inherited and cannot be created.

Correct AnswerverifiedShow Answer

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.

Correct AnswerverifiedShow Answer

Regions represent the outcomes of centuries of political and cultural history that results in not only ________ but also mutual ________.

Correct AnswerverifiedShow Answer

The trend towards worldwide markets makes it easier to predict where competitors will spring up.

Correct AnswerverifiedShow Answer

Statistics indicate that over half of the world output now comes from emerging markets.This is leading to a(n) ________ of living standards across the globe and is changing the face of business.

Correct AnswerverifiedShow Answer

Wages in developing markets can be volatile and spike dramatically.The United States can be ________ on a wage basis if its average wages decline.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Regions represent the outcomes of centuries of political and cultural history that results in not only but also mutual .

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified