Distinctive Competencies in International Markets
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Questions and Answers

What do distinctive competencies enable a company to attain in the overseas market?

  • Superior quality, efficiency, innovation, and customer responsiveness (correct)
  • Average quality and efficiency
  • Low-quality products
  • Limited innovation and customer responsiveness

    • What do product offerings reflect in relation to distinctive competencies?

  • Weaknesses easily imitated by rivals
  • Unique strengths that are difficult to imitate by rivals (correct)
  • No reflection of competencies
  • Common features imitated by rivals

    • How do distinctive competencies enable a company to lower production costs or attain differentiation?

  • By only focusing on premium pricing
  • By increasing production costs and reducing differentiation
  • By enabling the company to lower production costs or achieve differentiation (correct)
  • By having no impact on production costs or differentiation

    • What do companies going for the global market realize by applying distinctive competencies?

    <p>Enormous returns compared to local competitors without such competencies</p> Signup and view all the answers

    What do location economies contribute to?

    <p>Low cost production or differentiation of products</p> Signup and view all the answers

    Why did Sundaram Fasteners expand its manufacturing operations to China?

    <p>To take advantage of low labor costs and other concessions</p> Signup and view all the answers

    What does the optimal location enable business firms to do?

    <p>Go for value creation at low cost or maximize value creation</p> Signup and view all the answers

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