MGCR 382 Exam UPDATED ACTUAL
QUESTIONS AND CORRECT ANSWERS
Corporate level strategy - CORRECT ANSWER which industries and national markets
to compete, quest for economies of scope
Business level strategy - CORRECT ANSWER how business competes to achieve
competitive advantage
Operational level strategy - CORRECT ANSWER defined day to day business
activities, implemented (usage of resources)
Work process strategy
Static arbritrage - CORRECT ANSWER leverage existing differences in international
markets (ex: cheap labor)
Dynamic arbritrage - CORRECT ANSWER capturing short-term opportunities,
responding to fluctuations like currencies
Economies of scope - CORRECT ANSWER cost savings from producing products
together, sharing resources and skills
Deployment strategy - CORRECT ANSWER replication of competitive advantage,
aggregates demand, same target market
Development strategy - CORRECT ANSWER leverage local capabilities enhancing
offerings with unique knowledge
Deepening strategy - CORRECT ANSWER widen competitive advantage, increase
willingness to pay by adjusting to local tastes and providing value from being internationally
dispersed, decrease costs by aggregation of demand
Liabilities of being a foreigner - CORRECT ANSWER costs borne from global
expansion (local laws, cultural differences, etc.)
Paradox of being consistent - CORRECT ANSWER when strategy can't replicate home
market advantage, requiring market adaption and dilution of competitive advantage
The better off test - CORRECT ANSWER firm must create value
QUESTIONS AND CORRECT ANSWERS
Corporate level strategy - CORRECT ANSWER which industries and national markets
to compete, quest for economies of scope
Business level strategy - CORRECT ANSWER how business competes to achieve
competitive advantage
Operational level strategy - CORRECT ANSWER defined day to day business
activities, implemented (usage of resources)
Work process strategy
Static arbritrage - CORRECT ANSWER leverage existing differences in international
markets (ex: cheap labor)
Dynamic arbritrage - CORRECT ANSWER capturing short-term opportunities,
responding to fluctuations like currencies
Economies of scope - CORRECT ANSWER cost savings from producing products
together, sharing resources and skills
Deployment strategy - CORRECT ANSWER replication of competitive advantage,
aggregates demand, same target market
Development strategy - CORRECT ANSWER leverage local capabilities enhancing
offerings with unique knowledge
Deepening strategy - CORRECT ANSWER widen competitive advantage, increase
willingness to pay by adjusting to local tastes and providing value from being internationally
dispersed, decrease costs by aggregation of demand
Liabilities of being a foreigner - CORRECT ANSWER costs borne from global
expansion (local laws, cultural differences, etc.)
Paradox of being consistent - CORRECT ANSWER when strategy can't replicate home
market advantage, requiring market adaption and dilution of competitive advantage
The better off test - CORRECT ANSWER firm must create value
