The cost to enter a foreign market would be highest in which of the following methods of global expansion?
A. Joint ventures.
B. Licensing.
C. Exporting.
D. Overseas production.
Which of the following is a characteristic of an emerging industry?
A. Established strategy of players.
B. Low number of new firms.
C. High unit costs.
D. Technicalexpertise.
Which of the following distinguishes the added-value negotiation method from traditional negotiating methods?
A. Each party's negotiator presents a menu of options to the other party.
B. Each party adopts one initial position from which to start.
C. Each negotiator minimizes the information provided to the other party.
D. Each negotiator starts with an offer, which is optimal from the negotiator's perspective.
A supervisor receives a complaint from an employee who is frustrated about having to learn a new
software program. The supervisor responds that the new software will enable the employee to work more
efficiently and with greater accuracy.
This response is an example of:
A. Empatheticlistening.
B. Reframing.
C. Reflectivelistening.
D. Dialogue.
International marketing activities often begin with:
A. Standardization.
B. Global marketing.
C. Limited exporting.
D. Domesticmarketing.
Which of the following is not a barrier to effective communication?
A. Filtering.
B. Communicationoverload.
C. Similar frames of reference.
D. Lack of source credibility.
According to Porter's model of competitive strategy, which of the following is a generic strategy?
1.
Differentiation.
2.
Competitive advantage.
3.
Focuseddifferentiation.
4.
Cost focus.
A. 2 only
B. 3 and 4 only
C. 1, 3, and 4 only
D. 1, 2, 3, and 4
Which of the following is the best reason for considering the acquisition of a nondomestic organization?
A. Relatively fast market entry.
B. Improved cash flow of the acquiring organization.
C. Increased diversity of corporate culture.
D. Opportunity to influence local government policy.
When initiating international ventures, an organization should consider cultural dimensions in order to
prevent misunderstandings.
Which of the following does not represent a recognized cultural dimension in a work environment?
A. Self control.
B. Power distance.
C. Masculinity versus femininity.
D. Uncertainty avoidance.
A global business organization is selecting managers to post to various international (expatriate) assignments. In the screening process, which of the following traits would be required to make a manager a successful expatriate?
1.
Superior technical competence.
2.
Willingness to attempt to communicate in a foreign language.
3.
Ability to empathize with other people.
A. 1 and 2 only
B. 1 and 3 only
C. 2 and 3 only
D. 1, 2, and 3
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