True / False Questions 1. (p. 166) International strategy helps firms to make choices about how to deploy scarce resources in order to achieve their international objectives.
TRUE
As stated directly in the text.
AACSB: Reflective thinking
Bloom's: Understand
Difficulty: 2 Medium
Learning Objective: 10-01 Explain international strategy; competencies; and international competitive advantage.
Topic Area: What is international strategy, and why is it important? 2. (p. 166) International strategy involves decisions that deal with a single area, such as marketing or production.
FALSE
International strategy deals with all the various functions and activities of a company and the interactions among them, not merely a single area such as marketing or production.
AACSB: Reflective thinking
Bloom's: Understand
Difficulty: 3 Hard
Learning Objective: 10-01 Explain international strategy; competencies; and international competitive advantage.
Topic Area: What is international strategy, and why is it important? 3. (p. 166) The goal of international strategy is to achieve and maintain a unique and valuable competitive position both within a nation and globally, a position that has been termed comparative advantage.
FALSE
The goal of international strategy is to achieve and maintain a unique and valuable competitive position both within a nation and globally, a position that has been termed competitive advantage, not comparative advantage.
AACSB: Reflective thinking
Bloom's: Understand
Difficulty: 3 Hard
Learning Objective: 10-01 Explain international strategy; competencies; and international competitive advantage.
Topic Area: What is international strategy, and why is it important? 4. (p. 166) To create a sustainable competitive advantage, an international company should try to develop competencies that are valuable, rare, difficult to imitate, and readily substitutable.
FALSE
To create a sustainable