9. Multinational firms have traditionally managed operations outside their home country with that permit individual subsidiaries to compete independently in their home country markets



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10. The primary reason that companies are moving to sourcing from Rapidly Developing Economies is due to very large and sustainable ____________________ from lower operating costs and lower capital investment requirements.
9. Multinational firms have traditionally managed operations outside their home country with ____________________ that permit individual subsidiaries to compete independently in their home country markets.
4. In _____, firms pursue separate strategies in each of their foreign markets-competition in each country is essentially independent of competition in other countries. a. a multidomestic industry b. a differentiated industry c. a global industry d. an export-based industry e. a coordinated industry
5. The choice of a particular international market entry mode depends on a range of factors including the size of the market and its growth potential. Markets of limited size surrounded by trade barriers may be supplied most cost effectively via: a. licensing or contract manufacturing. b. a local production and marketing subsidiary. c. exporting. d. selective distribution. e. none of the above
6. Potential partners for a global alliance are evaluated based on: a. resources. b. relationships. c. culture. d. all of the above. e. (a) and (b) only.
7. A firm that includes rapidly developing economies (RDEs) in their global cost structures can realize savings of _____ in the landed costs of their products. a. 0 to 20 percent b. 20 to 40 percent c. 40 to 60 percent d. 60 to 80 percent
An industrial firm's first encounter with an overseas market usually involves _____ because it involves the least commitment and risk. a. contracting b. licensing c. exporting d. franchising e. a turnkey operation
1. As a mode of international market entry, licensing agreements pose the following limitation(s): a. a firm has less control over a license than over its own exporting or manufacturing abroad. b. licensing agreements include a time limit and additional extensions (beyond the first) that may not be readily permitted by a number of foreign governments. c. the licensee may become an important competitor in the future. d. all of the above e. (b) and (c) only
2. In pursuing international entry options, joint ventures often constitute a feasible option because: a. they provide the only path of entry into many foreign markets. b. they may provide for better relationships with local organizations (for example, local authorities) and with customers. c. they may open up market opportunities that neither party to the venture could pursue alone. d. all of the above e. (a) and (b) only
3. _____ is one in which a firm's competitive position in one country is significantly influenced by its position in other countries. a. A multidomestic industry b. A differentiated industry c. A global industry d. An export-based industry e. A coordinated industry
8. In China’s steel industry, their main source of competitive advantage is due not to cheap labor, but rather massive government energy ____________________.
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