1. Which of the following is true of an international strategy? A) it is most ap
ID: 1106366 • Letter: 1
Question
1. Which of the following is true of an international strategy?
A) it is most appropriate when there are substantial differences across nations with regard to consumer tastes and preferences. B) It is used by firms that try to achieve low costs through location economies, economies of scale, and learning effects. C) It involves taking products first produced for their domestic market and selling them internationally with only minimal local customization. D) It is the most difficult strategy to pursue because it places conflicting demands on the company. E) It makes most sense when there are strong pressures for cost reductions.
2. Which of the following is NOT an advantage of using strategic alliances to support global strategies?
A) They can help the firm establish technological standards for the industry. B) They enable firms to better implement a transnational strategy. C) They allow firms to share the fixed costs and associated risks of developing new products or processes. D) They are a way to bring together complementary skills and assets that neither company could easily develop on its own. E) They may facillitate entry into a foreign market.
3. WebSource International, an American company, is planning to enter South Korea. While the company has operations abroad, it has no experience with Asian markets. To limit its exposure to this foreign market, WebSource International needs a type of entry that allows the company to collect information and learn about the South Korean market. Which of the following types of entry is most suitable?
A) Rapid entry B) Large-scale entry C) early entry D) Small-scale entry E) Significant entry
Explanation / Answer
1.
It involves taking products first produced for their domestic market and selling them internationally with only minimal local customization
the above is the answer
2.
They enable firms to better implement a transnational strategy
the above is the answer
3.
Small-scale entry
the above is the answer
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