MGT 302 MGT302 Quiz Answers (Indiana)

MGT 302 MGT302 Quiz Answers (Indiana)

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MGT 302 Quiz (Indiana)

A push strategy is emphasized when:

Which of the following is an argument against standardized advertising?

Which of the following is a drawback of adopting the euro?

Which of the following principles did the Single European Act propose to apply to product standards?

Spring, an American firm, recently acquired another company known as Tazel Inc. in Indonesia. The high-level managers at Tazel Inc. quit because they could not cope with the domineering and straightforward approach of their American counterparts. This illustrates how acquisitions may fail because:

Which of the following modes of entry into foreign markets have the advantage of being characterized by low development costs and risks?

The term _____ refers to cooperative agreements between potential or actual competitors.

Why do firms pursuing global standardization or transnational strategies tend to prefer establishing wholly owned subsidiaries?

Which of the following modes of entry is suitable for service firms where the risk of losing control over the management skills or technological know-how is not much of a concern, and where the firms' valuable asset is their brand name?

Which of the following is true of market segmentation?

The Andean Community now operates as a _____.

The elasticity of demand for a product in a given country is determined by a number of factors, of which income level and competitive conditions are the two most important.

The European Community became the European Union in 1993 following the ratification of the _____.

In international business, an advantage of being a late entrant in a foreign market is the ability to:

The amount of value a firm creates is measured by:

Which of the following statements is true about an international strategy?

In terms of licensing, which of the following is an intangible property?

When a firm's competitive advantage is based on technological competence, a joint venture is the preferred mode of entry into a foreign market because it reduces the risk of losing control over that competence.

The most significant impact of the North American Free Trade Agreement has not been to create the background for increased political stability in Mexico.

Which of the following is a major obstacle to the establishment of the Free Trade Area of the Americas?

Three countries enter into an agreement to remove all tariffs and trade barriers between them. They decide on a common trade policy with regard to nonmembers. Faced with political backlash, the countries stop short of allowing mobility of factors of production such as labor and capital. Which of the following levels of economic integration best describes this arrangement?

Which of the following is true of the provisions of the North American Free Trade Agreement?

Which of the following is true with regard to an economic union?

The appropriateness of the strategy that a firm chooses to use in an international market varies with the extent of pressures for _____ and _____.

A(n) _____ is defined as a group of countries committed to removing all barriers to the free flow of goods and services between each other, but pursuing independent external trade policies.

 

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In terms of channel length, the more fragmented the retail system, the less expensive it is for a firm to make contact with each individual retailer.

Which of the following is true of choosing a distribution strategy?

Economic theories suggest that free trade and investment is a positive-sum game, in which all participating countries stand to gain.

Large-scale entry allows an international firm to learn about a foreign market while limiting the firm's exposure to that market.

According to Michael Porter, _____ and _____ are the two basic strategies for improving creating value and attaining a competitive advantage in an industry.

Which of the following is a major obstacle to the establishment of the Free Trade Area of the Americas?

Which of the following factors limits a firm's ability to use the same marketing message?

For an international business, which of the following is most likely to be an outcome of protectionism and nationalism in a host-country?

Which of the following is a benefit of adopting the euro?

A(n) _____ has no barriers to trade between member countries, includes a common external trade policy, and allows factors of production to move freely between members.

Which of the following is true of market segmentation?

Pressures for local responsiveness imply that it may not be possible to leverage skills and products associated with a firm's core competencies wholesale from one nation to another.

Which of the following is true of international firms considering foreign expansion?

Which of the following is a drawback of adopting the euro?

The Andean Community now operates as a _____.

Which of the following is an argument against standardized advertising?

If an international firm's core competence is based on proprietary technology, entering a joint venture might risk losing control of that technology to the joint-venture partner.

Jupiter Systems is a high-tech firm looking to set up operations in a foreign country to profit from its technological know-how which is its core competency. Which of the following modes of entry would be most favorable to the firm if it wants to keep a tight control over its technology?

Three countries enter into an agreement to remove all tariffs and trade barriers between them. They decide on a common trade policy with regard to nonmembers. Faced with political backlash, the countries stop short of allowing mobility of factors of production such as labor and capital. Which of the following levels of economic integration best describes this arrangement?

Differences in government-mandated product standards can rule out mass production and marketing of a standardized product.

_____ refers to agreements among countries in a geographic region to reduce and ultimately remove tariff and nontariff barriers to the free flow of goods, services, and factors of production between each other.

In international marketing, a message that means one thing in one country may mean something quite different in another due to cultural differences.

Which of the following is an element of a firm's marketing mix?

The elasticity of demand for a product in a given country is determined by a number of factors, of which income level and competitive conditions are the two most important.

In terms of licensing, which of the following is an intangible property?

 

Version 3

_____ refers to agreements among countries in a geographic region to reduce and ultimately remove tariff and nontariff barriers to the free flow of goods, services, and factors of production between each other.

Which of the following is an argument against standardized advertising?

Which of the following modes of entry into foreign markets has the ability to realize location and experience curve economies?

Which of the following is true of choosing a distribution strategy?

In terms of channel length, the more fragmented the retail system, the less expensive it is for a firm to make contact with each individual retailer.

The stated aim of the Asia-Pacific Economic Cooperation is to increase multilateral cooperation in view of the economic rise of the Pacific nations and the growing interdependence within the region.

In the context of barriers to international communication, _____ refer(s) to the amount of other messages competing for a potential consumer's attention.

Which of the following statements is true about an international strategy?

Which of the following is a threat facing the emergence of single markets?

Which of the following is true of a product?

Pull strategies tend to be emphasized:

Which of the following is true of the factors regarding the selection of a foreign market?

Economic theories suggest that free trade and investment is a positive-sum game, in which all participating countries stand to gain.

Responding to pressures for cost reduction requires a firm to try to lower the costs of value creation.

The most significant impact of the North American Free Trade Agreement has not been to create the background for increased political stability in Mexico.

A push strategy is emphasized when:

The amount of value a firm creates is measured by:

Which of the following strategies is a firm most likely to pursue when it simultaneously faces both strong cost pressures and strong pressures for local responsiveness?

Which of the following strategies focuses on increasing profitability by customizing the firm's goods or services so that they provide a good match to tastes and preferences in different national markets?

Which of the following principles did the Single European Act propose to apply to product standards?

Which of the following is a major obstacle to the establishment of the Free Trade Area of the Americas?

The Andean Community now operates as a _____.

If an international firm's core competence is based on proprietary technology, entering a joint venture might risk losing control of that technology to the joint-venture partner.

The _____ industry is often thought of as one in which global standardization of the marketing mix is the norm.

Which of the following can be used to overcome quality control problems associated with franchising as a mode of entry into foreign markets?

 

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