STR 581: Ch 7: Strategies Competing in International Marketing Exam Questions And Answers (Verified And Updated)

STR 581: Ch 7: Strategies Competing in International Marketing Exam Questions And Answers (Verified And Updated) What are reasons that companies expand into foreign markets? - answer1. to gain access to new customers 2. to achieve lower costs 3. to gain access to low cost production Companies are often motivated to enter foreign markets to _____. - answertake advantage of new resources and capabilities A company may find it easier to operate in one country than in others because of the country's - answer1. advantages for specific value chain activities 2. strong economic conditions 3. favorable political conditions Spurring market growth in a domestic market can translate into an international competitive advantage owing to which of the following? - answerincreasing innovation and quality improvements What are elements of factor conditions for production? - answer1. availability of raw materials 2. cost of labor Natural-resource companies move into foreign markets to ____. - answeraccess supplies of raw material more cost effectively True or false: Strategic alliances are more frequently used by firms from North America than from Asia or Latin America. - answerfalse Companies typically move into foreign markets to _____. - answerexploit their core competencies Countries with which characteristics present advantages for becoming principal production sites? - answer1. relaxed government regulations 2. close proximity to suppliers 3. lower labor costs Creating a strategy for entering an international market can be more difficult than entering a domestic market because _____. - answerbuyer preferences in foreign markets force companies to customize their products Governments wishing to create a favorable business climate for foreign companies will typically ____. - answerseek advise from business leaders What are examples of demand conditions? - answer1. relative size of the market 2. growth potential 3. domestic buyers' needs and wants Elements of a country's infrastructure that can contribute to factor conditions include _____. - answer1. communication 2. banking systems 3. transportation Different country environments require companies to customize their approaches to which of the following? - answer1. management 2. organization 3. strategy Which of the following are ways by which governments can discourage the import of specific items? - answer1. setting up import quotas 2. imposing a ban on importation 3. enacting burdensome procedures and requirements regarding customs inspection for foreign goods Building production facilities in which countries presents a competitive advantage because of low-wage labor? - answer1. india 2. China in terms of a country's business climate, the instability or weakness of a national government is a type of ____. - answerpolitical risk Which of the following are policies that governments adopt to stimulate business investment? - answer1. providing government sponsored job training 2. offering low cost business loans