Overview
Chapter 7
International Strategies
1) International strategy is a corporate strategy that describes companies that do business in multiple countries simultaneously.
Answer: TRUE
Diff: 1 Page Ref: 197
Topic: Describe International Strategy, and Explain Why it’s Important
AACSB: Reflective Thinking
Objective: Explain how strategies are implemented in international business
2) Organizations are considered international if they exchange goods and services with consumers in other countries.
Answer: TRUE
Diff: 1 Page Ref: 197
Topic: Describe International Strategy, and Explain Why it’s Important
AACSB: Reflective Thinking
Objective: Explain how strategies are implemented in international business
3) International strategy is a type of growth strategy.
Answer: TRUE
Diff: 3 Page Ref: 197
Topic: Describe International Strategy, and Explain Why it’s Important
AACSB: Reflective Thinking
Objective: Explain how strategies are implemented in international business
4) One of the advantages of going international is that it can potentially lower operational costs.
Answer: TRUE
Diff: 2 Page Ref: 198
Topic: Describe International Strategy, and Explain Why it’s Important
AACSB: Analytical Skills
Objective: Explain how strategies are implemented in international business
5) Quality issues are a potential advantage of going international.
Answer: FALSE
Diff: 2 Page Ref: 198
Topic: Describe International Strategy, and Explain Why it’s Important
AACSB: Analytical Skills
Objective: Explain how strategies are implemented in international business
6) Protectionism is one of the drwabacks of being international.
Answer: TRUE
Diff: 2 Page Ref: 198
Topic: Describe International Strategy, and Explain Why it’s Important
AACSB: Reflective Thinking
Objective: Explain how strategies are implemented in international business
7) Going international can lead to achieving benefits of economies of scale.
Answer: TRUE
Diff: 2 Page Ref: 198
Topic: Describe International Strategy, and Explain Why it’s Important
AACSB: Analytical Skills
Objective: Explain how strategies are implemented in international business
8) One of the potential drawbacks of going international is that interdependencies among multiple countries cannot be exploited.
Answer: FALSE
Diff: 2 Page Ref: 198
Topic: Describe International Strategy, and Explain Why it’s Important
AACSB: Analytical Skills
Objective: Explain how strategies are implemented in international business
9) The legal-political environment in the United States is stable.
Answer: TRUE
Diff: 2 Page Ref: 199
Topic: Explain the Issues That Arise as Organizations Go International
AACSB: Analytical Skills
Objective: Explain how strategies are implemented in international business
10) Global political risk is minimized when a firm goes international.
Answer: FALSE
Diff: 2 Page Ref: 199
Topic: Explain the Issues That Arise as Organizations Go International
AACSB: Analytical Skills
Objective: Explain how strategies are implemented in international business
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