Quiz 1 Multiple Choice Questions 1. An international trade theory‚ grounded in the work of Adam Smith and David Ricardo‚ that focuses on the importance of comparative advantage obtained through differences in natural or acquired economic advantages is referred to as: a. Classical trade theory b. Factor proportion theory c. Product life cycle theory d. Competitive advantage theory 2. Paul Krugman’s “realist” perspective embraces which of the following conclusions: a. Countries compete
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Quiz 1 MCOM 1. The television program Survivor is an example of a: X message 2. Which of these is an example of negative feedback? X talk radio host hanging up on a caller. 3. The mass communication audience is large‚ heterogeneous and X all of these 4. Which of the following is true of traditional mass communication organizations? X All of these. 5. AOL’s merger with Time Warner is an example of: x corporate convergence 6. Which of the following has increased
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effects‚ and by transferring valuable skills between their global networks of subsidiaries. In another word‚ the strategies which increase profitability may also expand a firm’s business and thus enable it to attain a higher rate of profit growth (Hill‚ 2009). When a company plan to compete in the international environment there are two crucial factors affect the firm’s choice of strategy which are strength of pressures for cost reductions versus those for local responsiveness. Firms typically choose
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evaluation and selection Analyse possible alternative strategies relating to substantive growth‚ limited growth‚ and Market entry strategies‚ and disinvestment strategies IKEA has marketed its products well and has dealt with all the problems easily. But there have been some constraints that came in the way of IKEA and alternative strategies have to be developed for them. These strategies are as follows: Substantive growth: In any business strategy growth is the most important factor. To achieve substantive
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Review Questions for Final Exam November 2013 1. Discuss why much of the recent increase in FDI is being driven by the dramatic political and economic changes that have been occurring in many of the world’s developing nations. a. These countries are now open to FDI and companies in places that are developed want to go to places people don’t have all the products or as many of the product they sell. 2. Exporting is an attractive option for products that have a low value-to-weight ratio
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Good for All | Management Innovation eXchange Page 1 of 29 M-Prize winner This story is one of ten winning entries in the Long-Term Capitalism Challenge‚ the third and final leg of the Harvard Business Review / McKinsey M Prize for Management Innovation. Story: Nike’s Gameplan for Growth that’s Good for All by Lorrie Vogel - General Manager of Considered Design at Nike Inc. Co-Authored by Agata Ramallo Garcia October 17‚ 2012 at 1:29pm 18 36 0 Comments 2 Ratings: Overall
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A global business strategy can be described as the strategies that a business has when they are serving customers around the world or operating in a global business environment (EconomyWatch‚ 2010). Global business strategies are closely related to the long and short term goals of an organization. Generally‚ short term goals deal with improving the day to day operations of the business. The long term goals on the other hand‚ deal with increasing profits and sales to strengthen the organization
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Allen both had big plans for their company and came up with different ways of managing people and products in order to create possibly the most effective and versatile workforce of any corporation in existence. To study Microsoft’s way of doing business is to look at the company from many angles‚ from a managerial and organizational standpoint to its process of developing products and services for its customers and its competitive environment. The purpose of this paper is to analyze Microsoft from
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Quiz #1 Part 1 of 1 - 100.0 Points Question 1 of 16 6.25 Points Supply management is also known as procurement at many firms and government agencies. A. True B. False Answer Key: True Feedback: Chapter 1 (page 6) Question 2 of 16 6.25 Points Generally speaking‚ firms with the fasted time to market with new products by using cross functional teams including suppliers‚ enjoy higher profits. A. True B. False Answer Key: True Feedback: Chapter 1 (page 10) Question
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The Strategy of International Business Chapter 12 © McGraw Hill Companies‚ Inc.‚ © McGraw Hill Companies‚ Inc.‚ 12-1 The Firm as a Value Chain Primary Activities: Those activities having to do with creating‚ marketing and delivering the product to customers and providing support and after-sales service. Support Activities: Provide inputs that allow primary activities to occur. An Efficient Infrastructure: helps create value and reduce the cost of creating
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