Podcast
Questions and Answers
What is the main objective of the Integration strategy?
What is the main objective of the Integration strategy?
- To focus on a number of foreign countries/regions as stand-alone markets
- To develop and distribute standardized products globally
- To adapt to different customer preferences around the world
- To achieve economies of scale by standardizing practices/products (correct)
What type of strategy focuses on a number of foreign countries/regions, each of which is regarded as a stand-alone ‘local’ market?
What type of strategy focuses on a number of foreign countries/regions, each of which is regarded as a stand-alone ‘local’ market?
- Localization strategy (correct)
- Global Standards strategy
- Cross-Border Mergers and Acquisitions
- Integration strategy
What is the goal of the Global Standards strategy?
What is the goal of the Global Standards strategy?
- To develop and distribute customized products locally
- To achieve local responsiveness by standardizing practices
- To focus on economies of scale by adapting to local markets
- To develop and distribute standardized products globally (correct)
What is the term for the integration of different business units across countries?
What is the term for the integration of different business units across countries?
What is the primary goal of a Multinational Corporation (MNC)?
What is the primary goal of a Multinational Corporation (MNC)?
What is the term for the strategy of developing and distributing standardized products globally?
What is the term for the strategy of developing and distributing standardized products globally?
What is the main advantage of the Integration strategy?
What is the main advantage of the Integration strategy?
What is the term for the ability of a multinational corporation to respond to different customer preferences around the world?
What is the term for the ability of a multinational corporation to respond to different customer preferences around the world?
What is the term for the strategy of focusing on a number of foreign countries/regions, each of which is regarded as a stand-alone ‘local’ market?
What is the term for the strategy of focusing on a number of foreign countries/regions, each of which is regarded as a stand-alone ‘local’ market?
What is the primary function of formal institutions in a country?
What is the primary function of formal institutions in a country?
What are norms in the context of institutions?
What are norms in the context of institutions?
What is the primary focus of the institution-based view?
What is the primary focus of the institution-based view?
What is the primary characteristic of a totalitarian political system?
What is the primary characteristic of a totalitarian political system?
What is the term for the costs associated with economic transactions or doing business?
What is the term for the costs associated with economic transactions or doing business?
What is the term for fundamental and comprehensive changes to formal and informal rules of the game?
What is the term for fundamental and comprehensive changes to formal and informal rules of the game?
What is the primary focus of the institutional framework?
What is the primary focus of the institutional framework?
What are the three major types of political systems mentioned in the text?
What are the three major types of political systems mentioned in the text?
What is the term for the 'rules of the game' in a country?
What is the term for the 'rules of the game' in a country?
What is the impact of prohibitively high transaction costs on trade in a country?
What is the impact of prohibitively high transaction costs on trade in a country?
Flashcards are hidden until you start studying
