Chapter 7 Strat MGMT Exam Questions With
100% Correct Answers
Which one of the following is among the important strategic issues associated with competing across
national boundaries?
whether to employ essentially the same basic competitive strategy in all countries or modify the
strategy country by country
Which of the following is not a reason why a company decides to enter foreign markets?
To build the profit sanctuaries necessary to wage guerilla offensives against global challengers
endeavoring to invade the companys home market
Competing in one of more countries or regions of the world causes strategy-making to be more
complex because of
the presence of important cross country differences in buyer tastes, market sizes, and growth
potential
Because buyer tastes for a particular product or service sometimes differ substantially from country
to country
companies operating in a global marketplace must wrestle with whether and how much to customize
their offering in each different country market to match the tastes and preferences of local buyers or
whether to pursue a strategy of offering a mostly standarized product worldwide
A U.S. manufacturer that exports goods made at its U.S. plants for shipment to foreign markets
becomes more cost competitive in selling its exported goods in foreign markets when the U.S. dollar
declines in value against the currencies of the countries to which it is exporting
Which of the following statements regarding multicountry competition is false?
with multicountry competition the competitive arena among rival companies involves several
neighboring countries rather than either a single country or the world market as a whole
Which of the following is not one of the primary strategy options for competing in the markets of
foreign countries?
Employing a multiple cross-country strategy that involves strategic alliances, joint ventures and other
cooperative agreements with foreign companies
Using domestic plants as a production base for exporting goods to selected foreign country markets?
can be an excellant initial strategy for exploring the profitability of selling goods to foreign buyers
without spending much if any additional capital
A "think local, act local" multicountry type of strategy
becomes more appealing the bigger the country-to-country difference in buyer tastes and
preferences, market conditions and competitive circumstances
Which of the following is the most unlikely element of a "think global, act global" approach to
strategy-making?
selling different product versions under different brand names
100% Correct Answers
Which one of the following is among the important strategic issues associated with competing across
national boundaries?
whether to employ essentially the same basic competitive strategy in all countries or modify the
strategy country by country
Which of the following is not a reason why a company decides to enter foreign markets?
To build the profit sanctuaries necessary to wage guerilla offensives against global challengers
endeavoring to invade the companys home market
Competing in one of more countries or regions of the world causes strategy-making to be more
complex because of
the presence of important cross country differences in buyer tastes, market sizes, and growth
potential
Because buyer tastes for a particular product or service sometimes differ substantially from country
to country
companies operating in a global marketplace must wrestle with whether and how much to customize
their offering in each different country market to match the tastes and preferences of local buyers or
whether to pursue a strategy of offering a mostly standarized product worldwide
A U.S. manufacturer that exports goods made at its U.S. plants for shipment to foreign markets
becomes more cost competitive in selling its exported goods in foreign markets when the U.S. dollar
declines in value against the currencies of the countries to which it is exporting
Which of the following statements regarding multicountry competition is false?
with multicountry competition the competitive arena among rival companies involves several
neighboring countries rather than either a single country or the world market as a whole
Which of the following is not one of the primary strategy options for competing in the markets of
foreign countries?
Employing a multiple cross-country strategy that involves strategic alliances, joint ventures and other
cooperative agreements with foreign companies
Using domestic plants as a production base for exporting goods to selected foreign country markets?
can be an excellant initial strategy for exploring the profitability of selling goods to foreign buyers
without spending much if any additional capital
A "think local, act local" multicountry type of strategy
becomes more appealing the bigger the country-to-country difference in buyer tastes and
preferences, market conditions and competitive circumstances
Which of the following is the most unlikely element of a "think global, act global" approach to
strategy-making?
selling different product versions under different brand names
