CUNY BPL 5100 GLOBUS QUIZ 2 PART 2
COMPREHENSIVE STUDY GUIDE 2026 SOLVED
QUESTIONS
◉ cost-responsiveness framework. Answer: Strategy framework that
juxtaposes the pressures an MNE faces for cost reductions and local
responsiveness to derive four different strategies to gain and sustain
competitive advantage when competing globally.
◉ cultural distance. Answer: Cultural disparity between an
internationally expanding firm's home country and its targeted host
country.
◉ death-of-distance hypothesis. Answer: Assumption that
geographic location alone should not lead to firm-level competitive
advantage because firms are now, more than ever, able to source
inputs globally.
◉ foreign direct investment (FDI). Answer: A firm's investments in
value chain activities abroad.
◉ global-standardization strategy. Answer: Strategy attempting to
reap significant economies of scale and location economies by
, pursuing a global division of labor based on wherever best-of-class
capabilities reside at the lowest cost.
◉ global strategy. Answer: Part of a firm's corporate strategy to gain
and sustain a competitive advantage when competing against other
foreign and domestic companies around the world.
◉ Globalization. Answer: The process of closer integration and
exchange between different countries and peoples worldwide, made
possible by falling trade and investment barriers, advances in
telecommunications, and reductions in transportation costs.
◉ globalization hypothesis. Answer: Assumption that consumer
needs and preferences throughout the world are converging and
thus becoming increasingly homogenous.
◉ international strategy. Answer: Strategy that involves leveraging
home-based core competencies by selling the same products or
services in both domestic and foreign markets.
◉ liability of foreignness. Answer: Additional costs of doing business
in an unfamiliar cultural and economic environment, and of
coordinating across geographic distances.
COMPREHENSIVE STUDY GUIDE 2026 SOLVED
QUESTIONS
◉ cost-responsiveness framework. Answer: Strategy framework that
juxtaposes the pressures an MNE faces for cost reductions and local
responsiveness to derive four different strategies to gain and sustain
competitive advantage when competing globally.
◉ cultural distance. Answer: Cultural disparity between an
internationally expanding firm's home country and its targeted host
country.
◉ death-of-distance hypothesis. Answer: Assumption that
geographic location alone should not lead to firm-level competitive
advantage because firms are now, more than ever, able to source
inputs globally.
◉ foreign direct investment (FDI). Answer: A firm's investments in
value chain activities abroad.
◉ global-standardization strategy. Answer: Strategy attempting to
reap significant economies of scale and location economies by
, pursuing a global division of labor based on wherever best-of-class
capabilities reside at the lowest cost.
◉ global strategy. Answer: Part of a firm's corporate strategy to gain
and sustain a competitive advantage when competing against other
foreign and domestic companies around the world.
◉ Globalization. Answer: The process of closer integration and
exchange between different countries and peoples worldwide, made
possible by falling trade and investment barriers, advances in
telecommunications, and reductions in transportation costs.
◉ globalization hypothesis. Answer: Assumption that consumer
needs and preferences throughout the world are converging and
thus becoming increasingly homogenous.
◉ international strategy. Answer: Strategy that involves leveraging
home-based core competencies by selling the same products or
services in both domestic and foreign markets.
◉ liability of foreignness. Answer: Additional costs of doing business
in an unfamiliar cultural and economic environment, and of
coordinating across geographic distances.
