Bmal 590 Global Dimensions Of Business Exam With Questions And Accurate Answers Gauranteed Of pass

Bmal 590 Global Dimensions Of Business Exam With
Questions And Accurate Answers Gauranteed Of Passing
With Flying Colours.




Global Strategy - CORRECT ANSWER✔✔Each firm's theory about how to compete successfully in whatever
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global markets the firm chooses to compete
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Stragegy as a Plan - CORRECT ANSWER✔✔Suggests that strategy is embodied in the same explicit rigorous
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formal planning as in the military
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Strategy as an Action - CORRECT ANSWER✔✔Suggests that strategy is most fundamentally reflected by firms'
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patterns of action
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Strategy as an Integration - CORRECT ANSWER✔✔Defines strategy as "a firm's theory about how to compete
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successfully"
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Multi-market competition - CORRECT ANSWER✔✔Occurs when firms engage the same rivals inmultiple
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markets
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Mutual forbearance - CORRECT ANSWER✔✔Reduction of competitive intensity among rivals of multi-market
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competition industries
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,Industry-based considerations - CORRECT ANSWER✔✔Always concerned with inter-firm rivalry
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Concentration; industry leader; product homogeneity; stability of demand and supply; entry barriers; market
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commonality with rivals
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Collusion - CORRECT ANSWER✔✔Collective attempts to reduce competition
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Tacit collusion - CORRECT ANSWER✔✔when firms indirectly coordinate actions by signaling intent to reduce
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output andmaintain pricingabove competitive levels
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Explicit collusion - CORRECT ANSWER✔✔when firms directly negotiate production output and pricing
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agreements to reduce competition and divide markets
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Cartel - CORRECT ANSWER✔✔An output and price-fixing entity involving multiple competitors
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Resource-based considerations - CORRECT ANSWER✔✔Include: value; rarity; imitability; organization;
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resource similarity; and fighting low-cost rivals
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valuable capabilities to attack, deter or retaliate; rarity of certain assets; imitability of competition;
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organizational skills for actions; resource similarity with rivals
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Institution-based considerations - CORRECT ANSWER✔✔Advise managers to be well versed in the "rules of
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the game" governing domestic and international competition
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domestic competition: primarily competition/anti-trust policy
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International competition: primarily trade/anti-dumping policy
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, American Anti-trust policy - CORRECT ANSWER✔✔Pro-consumer
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Collusive price setting - CORRECT ANSWER✔✔Anti-trust law that refers to monopolists or collusion parties
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setting prices at a level higher than the competitive level
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Predatory pricing - CORRECT ANSWER✔✔Anti-trust lawthat refers to practices of setting prices below costs in
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the short run to destroy rivals with the intent of raising prices to cover losses in the longrun after eliminating
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rivals
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Extraterritoriality - CORRECT ANSWER✔✔The reach of one country's laws to other countries j j j j j j j j j j j




Dumping - CORRECT ANSWER✔✔An exporter selling below cost abroad and planningto raise prices after
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eliminating local rivals in an attempt to manipulate international competition
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Export cartels - CORRECT ANSWER✔✔Alliances of firms that cooperate inexporting
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Attack - CORRECT ANSWER✔✔An initial set of actions to gain competitive advantage.
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Counterattack - CORRECT ANSWER✔✔a set of actions in response to an attack j j j j j j j j j j j




3 main types of attack - CORRECT ANSWER✔✔Thrust: brute force
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feint: attack on a focal arena important to a competitor
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gambit: a move that sacrifices a low-value piece inorder to capture a high-value piece or improve one's position
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significantly
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