International Business Strategy
Exam Practice Tests
Course Introduction
International Business Strategy explores the principles, frameworks, and practices organizations use to compete and succeed in global markets. The course examines the external environments affecting multinational enterprises, such as economic, political, cultural, and legal factors, and analyzes how firms develop competitive advantage through international expansion, global market entry strategies, cross-border alliances, and international organizational structures. Students will assess real-world case studies to understand how businesses navigate challenges and opportunities in various international contexts, and they will develop strategic thinking skills essential for managing and leading within the dynamic global business landscape.
Recommended Textbook
Strategic Management Creating Competitive Advantages 8th Edition by Gregory Dess
Available Study Resources on Quizplus
12 Chapters
1723 Verified Questions
1723 Flashcards
Source URL: https://quizplus.com/study-set/2713
Page 2
Chapter 1: Strategic Management: Creating Competitive Advantages
Available Study Resources on Quizplus for this Chatper
174 Verified Questions
174 Flashcards
Source URL: https://quizplus.com/quiz/54121
Sample Questions
Q1) According to a recent study involving 41 business units in 10 multinational companies, one ambidextrous behavior exhibited by managers is that of being brokers who are always looking to build internal networks.
A)True
B)False
Answer: True
Q2) As a stakeholder group, communities are interested in good citizenship behavior.
A)True
B)False
Answer: True
Q3) There are few benefits to having broad investment throughout the organization in the strategic management process.
A)True
B)False Answer: False
Q4) Demands for greater corporate responsibility are decreasing today.
A)True
B)False
Answer: False
Page 3
To view all questions and flashcards with answers, click on the resource link above.
Chapter 2: Analyzing the External Environment of the Firm:
Creating Competitive Advantages
Available Study Resources on Quizplus for this Chatper
173 Verified Questions
173 Flashcards
Source URL: https://quizplus.com/quiz/54120
Sample Questions
Q1) An automobile manufacturer acquires a rental car company. This is an example of A)backward integration.
B)forward integration.
C)economies of scale.
D)product differentiation.
Answer: B
Q2) The bargaining power of the buyer is greater than that of the supplier when A)volume of purchase is low.
B)the buyer profit margin is low.
C)cost savings from the supplier's product are minimal.
D)threat of backward integration by buyers is low.
Answer: B
Q3) The strategic groups concept is valuable for determining mobility barriers across groups, identifying groups with marginal competitive positions, charting the future directions of firm strategies, and assessing the implications of industry trends for the strategic group as a whole.
A)True
B)False
Answer: True
Page 4
To view all questions and flashcards with answers, click on the resource link above.
Chapter 3: Assessing the Internal Environment of the Firm
Available Study Resources on Quizplus for this Chatper
174 Verified Questions
174 Flashcards
Source URL: https://quizplus.com/quiz/54119
Sample Questions
Q1) Toyota paid a heavy price for its excessive emphasis on cost control. By focusing on one strength exclusively, it suffered severe losses. This is an example of the limitations of a SWOT analysis.
A)True
B)False
Answer: True
Q2) Support activities provide support for primary activities, but not each other.
A)True
B)False
Answer: False
Q3) A key __________ of SWOT is that it is primarily a static assessment.
A)strength
B)threat
C)opportunity
D)weakness
Answer: D
Q4) The total debt ratio is used to measure profitability.
A)True
B)False
Answer: False
To view all questions and flashcards with answers, click on the resource link above. Page 5
Chapter 4: Recognizing a Firms Intellectual Assets: Moving
Beyond a Firms Tangible Resources
Available Study Resources on Quizplus for this Chatper
173 Verified Questions
173 Flashcards
Source URL: https://quizplus.com/quiz/54118
Sample Questions
Q1) Top executives can use email effectively for all of the following except
A)updates on company strategy.
B)executive perspectives on key issues.
C)overview of the executive work for the month.
D)updates on corporate intelligence.
Q2) One should only rely on communication platforms and never on email for communicating information.
A)True
B)False
Q3) Attracting and retaining human capital is a challenge for many firms today. Firms experiencing high turnover should
A)focus on increased recruiting.
B)decrease money spent on human capital.
C)adopt effective retention strategies.
D)make their work environment less stimulating.
Q4) Closure, in contrast to bridging relationships, stresses the importance of ties connecting heterogeneous people.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above. Page 6
Chapter 5: Business-Level Strategy: Creating and Sustaining Competitive Advantages
Available Study Resources on Quizplus for this Chatper
163 Verified Questions
163 Flashcards
Source URL: https://quizplus.com/quiz/54117
Sample Questions
Q1) By separating the value of the actual flight from the services associated with flying, airlines have greatly expanded the profit pool associated with flying. This combines the advantages of integrating overall low cost and differentiation strategies.
A)True
B)False
Q2) In evaluating the sustainability of the Atlas Door competitive advantages over the long run, it is important to evaluate the ability of rivals to
A)easily imitate its strategy.
B)communicate with its customers.
C)consistently overprice their products.
D)find new suppliers.
Q3) In the __________ stage of the industry life cycle, there are few segments, the emphasis on process design is low, and the major functional areas of concern are general management and finance.
A)introduction
B)growth
C)decline
D)maturity
To view all questions and flashcards with answers, click on the resource link above. Page 7
Chapter 6: Corporate-Level Strategy: Creating Value Through Diversification
Available Study Resources on Quizplus for this Chatper
114 Verified Questions
114 Flashcards
Source URL: https://quizplus.com/quiz/54116
Sample Questions
Q1) In 2012, Microsoft admitted to a major _________ mistake when it wrote off essentially the entire 6.2 billion USD it paid for a digital advertising firm, aQuantive, that it purchased in 2007.
A)expansion
B)divestiture
C)cost savings
D)acquisition
Q2) In the BCG Matrix, a business that has a low market share in an industry characterized by high market growth is termed a A)Star.
B)Cash Cow.
C)Question Mark.
D)Dog.
Q3) Economies of scope in a related diversification strategy result from the leveraging of core competencies and the sharing of activities among businesses in the corporation such as production.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above. Page 8
Chapter 7: International Strategy: Creating Value in Global Markets
Available Study Resources on Quizplus for this Chatper
140 Verified Questions
140 Flashcards
Source URL: https://quizplus.com/quiz/54115
Sample Questions
Q1) Rivalry is intense in nations with conditions of __________ consumer demand, __________ supplier bases, and __________ new entrant potential from related industries.
A)weak; weak; high
B)strong; strong; low
C)weak; weak; low
D)strong; strong; high
Q2) To be responsive to local pressures, companies must ____________ their offerings and strategies from country to country to reflect local consumer preferences.
A)internationalize
B)globalize
C)differentiate
D)standardize
Q3) A limitation of a multidomestic strategy is that it may lead to over-adaptation as conditions change.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above.
Page 9
Chapter 8: Entrepreneurial Strategy and Competitive Dynamics
Available Study Resources on Quizplus for this Chatper
115 Verified Questions
115 Flashcards
Source URL: https://quizplus.com/quiz/54114
Sample Questions
Q1) When an opportunity is attractive long enough for it to be successfully developed and deployed, it is said to be
A)value creating.
B)durable.
C)achievable.
D)affordable.
Q2) Running Press launched the Miniature Editions line of books in 1993. Today it has sold over 20 million copies. Which of the following most closely represents their strategy?
A)differentiation
B)overall cost leadership
C)focus
D)combination
Q3) Which of the following is not a primary source of financing for entrepreneurial start-ups?
A)investments by family and friends
B)public equity
C)private investors
D)personal savings
To view all questions and flashcards with answers, click on the resource link above. Page 10
Chapter 9: Strategic Control and Corporate Governance
Available Study Resources on Quizplus for this Chatper
116 Verified Questions
116 Flashcards
Source URL: https://quizplus.com/quiz/54113
Sample Questions
Q1) In contemporary control systems, data and information generated are best interpreted and discussed in online forums, in order to have traceability of the discussion.
A)True
B)False
Q2) For firms competing in highly unstable and turbulent industries, traditional strategic controls are most appropriate.
A)True
B)False
Q3) Principal-principal (PP) conflicts frequently result in expropriation, which is defined as activities to enrich minority shareholders to assure their support.
A)True
B)False
Q4) Rules and regulations, rather than culture or rewards, would be used for strategic control at which type of company?
A)software developer
B)stock brokerage firm
C)manufacturer of mass produced products
D)high tech research facility
To view all questions and flashcards with answers, click on the resource link above. Page 11
Chapter 10: Creating Effective Organizational Designs
Available Study Resources on Quizplus for this Chatper
121 Verified Questions
121 Flashcards
Source URL: https://quizplus.com/quiz/54112
Sample Questions
Q1) According to author Jeffrey Pfeffer, the advantages of teams are that employees control themselves, develop more creative solutions to problems, and permit the absorption of administrative tasks previously performed by specialists.
A)True
B)False
Q2) As firms grow, owner managers often need to hire functional specialists to handle the increased information-processing burden.
A)True
B)False
Q3) Functional structures are generally found in organizations in which there is a single or unrelated product or service, high production volume, and some vertical integration.
A)True
B)False
Q4) A virtual organization may be most appropriate for firms
A)whose strategies require merging technologies.
B)whose product life cycles are just beginning.
C)who have no need to get to market quickly with new offers.
D)who have no need to meet competitive pressures.
To view all questions and flashcards with answers, click on the resource link above. Page 12
Chapter 11: Strategic Leadership: Creating a Learning
Organization and an Ethical Organization
Available Study Resources on Quizplus for this Chatper
139 Verified Questions
139 Flashcards
Source URL: https://quizplus.com/quiz/54111
Sample Questions
Q1) The expression the dark side of competition means that A)illegal behaviors result in penalties.
B)unethical behaviors are more like to take place when competition is intense.
C)competition encourages ethical behavior.
D)good competition is costly.
Q2) Effective learning organizations must redistribute _______, _________, and _________ in order to assure that there is a common body of knowledge.
A)rewards; training; handbooks
B)training; knowledge; pay raises
C)knowledge; financial rewards; intangible rewards
D)information; knowledge; rewards
Q3) Many situations that a firm faces have regular, identifiable patterns. Leaders tend to handle such routines by establishing ______ or ___________ to be followed that can be applied _______________ to each occurrence.
A)rules; regulations; individually
B)policies; regulations; uniformly
C)a policy; a procedure; uniformly
D)documents; credos; uniquely
To view all questions and flashcards with answers, click on the resource link above. Page 13
Chapter 12: Managing Innovation and Fostering Corporate
Entrepreneurship
Available Study Resources on Quizplus for this Chatper
121 Verified Questions
121 Flashcards
Source URL: https://quizplus.com/quiz/54110
Sample Questions
Q1) According to Exhibit 12.1, the continuum of radical and incremental innovations, frozen yogurt represents mostly _______________ innovation, because
A)incremental; it extends sales in an existing market by enabling higher margins
B)radical; it is a small improvement on existing products
C)radical; it is a fundamental change that evokes a major departure from existing practices
D)incremental; it is a small improvement on existing products
Q2) Proctor & Gamble is centralizing 20 to 30 percent of its research efforts in a new corporate-level business creation and innovation unit. They believe that this will assist them only with developing incremental innovations that will help the overall bottom line.
A)True
B)False
Q3) Firms using a focused approach to corporate entrepreneurship typically separate corporate venturing activities from ongoing operations of the firm.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above.
Page 14