The reason the world economy is globalizing at an accelerated pace is because:

growth-minded companies are racing to build stronger competitive positions in the markets of more countries.

the reason a company opts to expand outside its home market include all of the following except

identifying resources and capabilities in the company's home market.

Why do companies decide to enter a market?

To capture economies of scale in product development, manufacturing, or marketing.

Which of the following is not an accurate statement as concerns competing in the markets of foreign countries?

A multi-country strategy is generally superior to a global strategy.

One of the biggest strategic challenges to competing in the international arena includes

whether to offer a standardized product worldwide or a customized product offering in each different country market.

What is the framework that comprises a set of major factors (that vary from country to country) that describe the nature of each country's business environment?

Porter's Diamond of National Competitive Advantage.

The diamond framework can be used to reveal the answers to all of the following that are important for competing on an international basis EXCEPT:

how to formulate an exit strategy to push foreign competitors out of the market on the basis of competing strengths.

Cross-country variations in government policies and economic conditions affect:

the opportunities available to foreign entrants and the risks of operating within that country

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CH 7

Question	Answer
The reason the world economy is globalizing at an accelerated pace is because:	growth-minded companies are racing to build stronger competitive positions in the markets of more countries.
the reason a company opts to expand outside its home market include all of the following except	identifying resources and capabilities in the company's home market.
Why do companies decide to enter a market?	To capture economies of scale in product development, manufacturing, or marketing.
Which of the following is not an accurate statement as concerns competing in the markets of foreign countries?	A multi-country strategy is generally superior to a global strategy.
Competing in the markets of foreign countries entails dealing with such factors as	All of the above
One of the biggest strategic challenges to competing in the international arena includes	whether to offer a standardized product worldwide or a customized product offering in each different country market.
What is the framework that comprises a set of major factors (that vary from country to country) that describe the nature of each country's business environment?	Porter's Diamond of National Competitive Advantage.
The diamond framework is an aid in deciding/revealing:	all of these
The diamond framework can be used to reveal the answers to all of the following that are important for competing on an international basis EXCEPT:	how to formulate an exit strategy to push foreign competitors out of the market on the basis of competing strengths.
Cross-country variations in government policies and economic conditions affect:	the opportunities available to foreign entrants and the risks of operating within that country

Created by: 165714117159216

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