D311 Midterm Exam – Questions With Complete
Solutions
Multilayer packaging combines different types of plastic with other materials
like aluminum and can be easily recycled. (True or False?) Right Ans - False
Companies in India must collect 100% of their multilayer packaging by the
end of 2021 (True or False?) Right Ans - False
India's environment minister launched a Bollywood-style song to convince
Indians not to use single-use plastics. (True or False?) Right Ans - True
The article in the Wall Street Journal mentions several actions that companies
in India engage in to reduce plastic waste. Which of the following is not one of
the actions? Right Ans - Handing out plastic containers to residents for the
collection of plastic waste.
Daily plastic waste generated by the average Indian is higher than the plastic
waste generated by the average American. Right Ans - False
What is "Kurkure"? Right Ans - The brand name of a snack sold in India
that waste pickers use to refer to multilayer packaging.
The essence of a differentiation strategy is to Right Ans - offer a unique
product that supports a premium price
Johnson Enterprises manufactures computer chips used in cell phones. The
MNE has long production runs that lower the per unit cost of each chip. The
firm also purchases materials in bulk from its suppliers with whom Johnson
has long-term contracts. Johnson is most likely benefiting from Right Ans -
economies of scale
The term "_____________" refers to the additional costs that an MNE operating
outside its home country incurs above the costs experienced by a local firm.
Right Ans - liability of foreignness
A useful way to understanding the purpose of strategy is to think of the firm
as a(n) ________, composed of a series of distinct activities, including
, production, marketing, materials management, R&D, human resources,
information systems, and the firm infrastructure. Right Ans - value chain
Companies adopt a(n) __________ strategy by making and selling standardized,
low-cost products that vary little to none from country to country. Right
Ans - global
Which of the following portrays the global and local pressures that influence a
multinational enterprise's strategy? Right Ans - The Integration-
Responsiveness Grid
Corporate level strategy ______. Right Ans - is entirely determined by the use
of the IR grid
Zara spends more on advertising than most fashion retailers. (True or False?)
Right Ans - False
Zara tries to have store locations close to high-end stores like Gucci and Prada.
(True or False?) Right Ans - True
Zara is faster in designing, making, moving, and selling fashion than other
apparel companies. (True or False?) Right Ans - True
Which of the following describes the approach of countries that run favorable
balances of trade to achieve a social or political objective? Right Ans -
Neomercantilism
A country is likely to have a(n) _________ in the production of particular
products because of climatic conditions or access to particular resources.
Right Ans - Natural advantage
Which of the following product types would most likely be produced in
developing countries? Right Ans - Products that are in the maturity phase
of their life cycle
Which of the following is not an important feature for competitive superiority
under the diamond of competitive advantage theory? Right Ans - sales
conditions
Solutions
Multilayer packaging combines different types of plastic with other materials
like aluminum and can be easily recycled. (True or False?) Right Ans - False
Companies in India must collect 100% of their multilayer packaging by the
end of 2021 (True or False?) Right Ans - False
India's environment minister launched a Bollywood-style song to convince
Indians not to use single-use plastics. (True or False?) Right Ans - True
The article in the Wall Street Journal mentions several actions that companies
in India engage in to reduce plastic waste. Which of the following is not one of
the actions? Right Ans - Handing out plastic containers to residents for the
collection of plastic waste.
Daily plastic waste generated by the average Indian is higher than the plastic
waste generated by the average American. Right Ans - False
What is "Kurkure"? Right Ans - The brand name of a snack sold in India
that waste pickers use to refer to multilayer packaging.
The essence of a differentiation strategy is to Right Ans - offer a unique
product that supports a premium price
Johnson Enterprises manufactures computer chips used in cell phones. The
MNE has long production runs that lower the per unit cost of each chip. The
firm also purchases materials in bulk from its suppliers with whom Johnson
has long-term contracts. Johnson is most likely benefiting from Right Ans -
economies of scale
The term "_____________" refers to the additional costs that an MNE operating
outside its home country incurs above the costs experienced by a local firm.
Right Ans - liability of foreignness
A useful way to understanding the purpose of strategy is to think of the firm
as a(n) ________, composed of a series of distinct activities, including
, production, marketing, materials management, R&D, human resources,
information systems, and the firm infrastructure. Right Ans - value chain
Companies adopt a(n) __________ strategy by making and selling standardized,
low-cost products that vary little to none from country to country. Right
Ans - global
Which of the following portrays the global and local pressures that influence a
multinational enterprise's strategy? Right Ans - The Integration-
Responsiveness Grid
Corporate level strategy ______. Right Ans - is entirely determined by the use
of the IR grid
Zara spends more on advertising than most fashion retailers. (True or False?)
Right Ans - False
Zara tries to have store locations close to high-end stores like Gucci and Prada.
(True or False?) Right Ans - True
Zara is faster in designing, making, moving, and selling fashion than other
apparel companies. (True or False?) Right Ans - True
Which of the following describes the approach of countries that run favorable
balances of trade to achieve a social or political objective? Right Ans -
Neomercantilism
A country is likely to have a(n) _________ in the production of particular
products because of climatic conditions or access to particular resources.
Right Ans - Natural advantage
Which of the following product types would most likely be produced in
developing countries? Right Ans - Products that are in the maturity phase
of their life cycle
Which of the following is not an important feature for competitive superiority
under the diamond of competitive advantage theory? Right Ans - sales
conditions
