logo image

Ch 11 Quiz Questions

focus
A ________ strategy is one in which a company emphasizes on serving the needs of a narrowly defined market segment by being the low-cost leader, differentiating its product, or both.
TRUE
Support activities assist companies in performing their primary activities.
primary activities
According to value-chain analysis, inbound and outbound logistics are considered as ________.
low-cost leadership strategy
A business-level strategy in which a company exploits economies of scale is called a ________.
TRUE
Core competencies are developed by organizations over long periods of time.
low-cost leadership strategy
Which of the following strategies works best for an organization that practices mass production and mass-marketing?
a. differentiation strategy
b. focus strategy
c. low-cost leadership strategy
d. retrenchment strategy
global team
A team of top managers from both headquarters and international subsidiaries who meet to develop solutions to company-wide problems is referred to as a ________ team.
planning
________ is the process of identifying and selecting an organization’s objectives and deciding how the organization will achieve those objectives.
international division
A(n) ________ structure separates domestic from international business activities by creating a separate global branch with its own manager.
FALSE
The scope of a corporation’s operations refers to the size of its operations.
TRUE
A low-cost leadership strategy typically requires a company to have a large market share.
international area
An organizational structure that organizes a company’s entire global operations into countries or geographic regions is referred to as a(n) ________ structure.
chains of command
The lines of authority in an organization that run from top management to individual employees and specify internal reporting relationships is called ________.
global matrix
An organizational structure that splits the chain of command between product and area divisions is referred to as a(n) ________ structure.
differentiation
A ________ strategy is one in which a company designs its products to be perceived by buyers as unique throughout its industry.
cross-functional
________ teams can help break down barriers between departments and reorganize operations around processes in an organization.
retrenchment
The closing of TeleToys’ Australian men’s clothing line can best be described as a(n) ________ strategy.
growth
TeleToys recently opened eighteen new toy stores in Brazil. This move can best be described as a ________ strategy.
True
Decentralization can help foster participative management practices.
Value-chain analysis
________ is the process of dividing a company’s activities into primary and support activities and identifying those that create value for customers.
Objectives become more precise at the level of individual departments.
Which of the following statements is true of objectives?
inbound logistics
Beanstalk International is a rapidly growing company with well-established subsidiaries in several nations. The company wants to follow a strategy of adapting its products and marketing activities in each national market to suit local preferences. This strategy aims at creating value for its customers.

Which of the following is a primary activity that creates value for Beanstalk’s customers?

False
A main goal of the global product structure is to bring together geographic and product area managers in joint decision making.
international area
A(n) ________ structure is best suited to companies that treat each national market as unique due to the vast cultural, political, or economic differences between nations.
global
Offering the same products using the same marketing strategy in all national markets of an organization is referred to as a ________ strategy.
low-cost leadership
Decreasing levels of customer loyalty to an organization’s products is a major disadvantage of the ________ strategy.
True
A negative aspect of a low-cost leadership strategy is low customer loyalty.
chains of command
The lines of authority in an organization that run from top management to individual employees and specify internal reporting relationships is called ________.
exploit scale economies in product development or marketing
The main drawback of a multinational strategy is that it does not allow a company to ________.
TRUE
An international division structure reduces the authority of country managers in an organization’s subsidiaries.
retrenchment
A company that is closing factories with unused capacity and laying-off workers is most likely following a ________ strategy.
centralized
________ decision making occurs at a high organizational level in one location, such as an organization’s headquarters.
FALSE
An international area structure separates domestic from international business activities by creating a separate international division with its own manager.
multidomestic
A ________ strategy typically increases the cost structure for international companies and forces them to charge higher prices to recover such costs.
significant price competition
Global products are most commonly seen in industries where there is ________.
TRUE
A multinational strategy entails having a separate strategy for each nation in which a company markets its products.

Need essay sample on "Ch 11 Quiz Questions"? We will write a custom essay sample specifically for you for only $ 13.90/page

Can’t wait to take that assignment burden offyour shoulders?

Let us know what it is and we will show you how it can be done!
×
Sorry, but copying text is forbidden on this website. If you need this or any other sample, please register

Already on Businessays? Login here

No, thanks. I prefer suffering on my own
Sorry, but copying text is forbidden on this website. If you need this or any other sample register now and get a free access to all papers, carefully proofread and edited by our experts.
Sign in / Sign up
No, thanks. I prefer suffering on my own
Not quite the topic you need?
We would be happy to write it
Join and witness the magic
Service Open At All Times
|
Complete Buyer Protection
|
Plagiarism-Free Writing

Emily from Businessays

Hi there, would you like to get such a paper? How about receiving a customized one? Check it out https://goo.gl/chNgQy

We use cookies to give you the best experience possible. By continuing we’ll assume you’re on board with our cookie policy