BUS 345 FINAL EXAM QUESTIONS AND ANSWERS
Globalization - Answers - Closer global integration through trade, telecom, and transport
improvements.
Foreign Direct Investment (FDI) - Answers - Investment in foreign value chain activities.
Multinational Enterprise (MNE) - Answers - Company active in two or more countries.
Global Strategy - Answers - Corporate strategy to achieve competitive advantage
across countries.
CAGE Distance Framework - Answers - Cultural, Administrative, Geographic, Economic
differences between home and host countries.
International Strategy - Answers - Selling the same products in domestic and foreign
markets.
Multidomestic Strategy - Answers - Tailoring products to local markets with little cost
pressure.
Global-Standardization Strategy - Answers - Focus on cost reduction with minimal local
adaptation.
Transnational Strategy - Answers - Combine global efficiency with local responsiveness.
Porter's Diamond - Answers - National advantage from factor conditions, demand,
rivalry, supporting industries.
Organizational Design - Answers - Creating/adjusting structure, culture, and control
systems.
Organizational Inertia - Answers - Failure to adapt to internal or external changes.
Specialization - Answers - Division of work into distinct jobs.
Formalization - Answers - Degree to which rules and procedures guide employee
behavior.
Centralization - Answers - Extent to which decision-making is concentrated at the top.
Hierarchy - Answers - Formal reporting lines; who reports to whom.
Mechanistic Organization - Answers - Rigid, formal, centralized structure.
Globalization - Answers - Closer global integration through trade, telecom, and transport
improvements.
Foreign Direct Investment (FDI) - Answers - Investment in foreign value chain activities.
Multinational Enterprise (MNE) - Answers - Company active in two or more countries.
Global Strategy - Answers - Corporate strategy to achieve competitive advantage
across countries.
CAGE Distance Framework - Answers - Cultural, Administrative, Geographic, Economic
differences between home and host countries.
International Strategy - Answers - Selling the same products in domestic and foreign
markets.
Multidomestic Strategy - Answers - Tailoring products to local markets with little cost
pressure.
Global-Standardization Strategy - Answers - Focus on cost reduction with minimal local
adaptation.
Transnational Strategy - Answers - Combine global efficiency with local responsiveness.
Porter's Diamond - Answers - National advantage from factor conditions, demand,
rivalry, supporting industries.
Organizational Design - Answers - Creating/adjusting structure, culture, and control
systems.
Organizational Inertia - Answers - Failure to adapt to internal or external changes.
Specialization - Answers - Division of work into distinct jobs.
Formalization - Answers - Degree to which rules and procedures guide employee
behavior.
Centralization - Answers - Extent to which decision-making is concentrated at the top.
Hierarchy - Answers - Formal reporting lines; who reports to whom.
Mechanistic Organization - Answers - Rigid, formal, centralized structure.
