International Business Strategy
Test Questions
Course Introduction
International Business Strategy explores the frameworks, tools, and concepts essential for developing and implementing effective strategies for firms operating in the global marketplace. The course examines how multinational enterprises analyze the complexities of international markets, assess cross-border opportunities and risks, and align their resources for competitive advantage. Students will learn about entry modes, global value chain management, adaptation versus standardization, and the strategic impact of cultural, economic, political, and legal environments. Case studies and practical applications are utilized to illustrate how organizations build and sustain global presence while responding to dynamic international challenges.
Recommended Textbook
Strategic Management Concepts and Cases 16th Edition by Fred R. David
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11 Chapters
1321 Verified Questions
1321 Flashcards
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Page 2
Chapter 1: The Nature of Strategic Management
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123 Verified Questions
123 Flashcards
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Sample Questions
Q1) The fact that Apple has no manufacturing facilities of its own
A) has caused it to build up massive debt on its balance sheet.
B) has enabled it to remain financially lean.
C) has been problematic for Apple in terms of debt.
D) illustrates that having more fixed assets than rival firms can provide major competitive advantages in a global recession.
E) means that it is in the same position as Sony.
Answer: B
Q2) The terms strategic management and strategic planning are used synonymously in this text.
A)True
B)False
Answer: True
Q3) Optimizing for tomorrow the trends of today is the purpose of strategic management.
A)True
B)False
Answer: False
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Chapter 2: The Business Vision and Mission
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120 Verified Questions
120 Flashcards
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Sample Questions
Q1) An overly general mission statement that ________ could be dysfunctional.
A) does not exclude any strategy alternatives
B) encourages management creativity
C) excludes all diversification
D) endorses the consideration of feasible potential strategies
E) allows for the generation and consideration of a range of alternative objectives
Answer: A
Q2) A mission statement, is an enduring statement of purpose that distinguishes one organization from other similar enterprises.
A)True
B)False
Answer: True
Q3) The foundation for development of a comprehensive mission statement is provided by a clear vision.
A)True
B)False
Answer: True
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Page 4
Chapter 3: The External Assessment
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115 Verified Questions
115 Flashcards
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Sample Questions
Q1) To perform an external audit, a company first must gather competitive intelligence and information about economic, social, cultural, demographic, environmental, political, governmental, legal, and technological trends.
A)True
B)False Answer: True
Q2) Major competitors' strengths may represent key threats.
A)True
B)False
Answer: True
Q3) Protectionism is used by various countries around the world to safeguard their domestic industries.
A)True
B)False
Answer: True
Q4) Intelligence gathering is an unethical business practice.
A)True
B)False Answer: False
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Chapter 4: The Internal Assessment
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123 Verified Questions
123 Flashcards
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Sample Questions
Q1) The Internal Factor Evaluation (IFE) Matrix should be developed on a multiple business unit basis in multidivisional firms.
A)True
B)False
Q2) What is the essential bridge between the present and the future that increases the likelihood of achieving desired results?
A) Motivating
B) Planning
C) Controlling
D) Staffing
E) Organizing
Q3) A ritual is a standardized set of behaviors used to manage anxieties.
A)True
B)False
Q4) Discuss the limitations of financial ratio analysis.
Q5) Describe the controlling function of management. Include the four basic steps that comprise this function in your description.
Q6) What are the seven basic functions of marketing?
Q7) Define cultural products and give six examples of them.
Page 6
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Chapter 5: Strategies in Action
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123 Flashcards
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Sample Questions
Q1) Burger King is converting virtually all of its company-owned outlets to franchised operations.
A)True
B)False
Q2) A cost leadership strategy can be especially effective when most buyers use the product in the same ways.
A)True
B)False
Q3) Strategists in governmental organizations operate with far more strategic autonomy than their counterparts in private firms.
A)True
B)False
Q4) A strategy of seeking ownership or increased control of a firm's suppliers is backward integration.
A)True
B)False
Q5) List three guidelines for when forward integration would be a particularly good strategy to pursue.
Q6) Discuss each of Michael Porter's five generic strategies.
Page 7
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Chapter 6: Strategy Analysis and Choice
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119 Verified Questions
119 Flashcards
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Sample Questions
Q1) The four strategies of the SPACE Matrix are aggressive, conservative, offensive and defensive.
A)True
B)False
Q2) In a Boston Consulting Group (BCG) Matrix, all divisions are classified as either Question Marks, Stars, Cash Cows, or Dogs. Define each of these terms.
Q3) What analytical tool has four quadrants based on two dimensions: competitive position and market growth?
A) Competitive Profile Matrix (CPM)
B) Internal-External (IE) Matrix
C) Strategic Position and Action Evaluation (SPACE) Matrix
D) Grand Strategy Matrix
E) Quantitative Strategic Planning Matrix (QSPM)
Q4) Industry growth rate is given on the x-axis of the Boston Consulting Group (BCG) Matrix.
A)True
B)False
Q5) Describe some tactics used by politicians that can also aid strategists.
Q6) Explain the concept of matching in the strategy formulation framework.
Page 8
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Chapter 7: Implementing Strategies: Management, Operations, and Human Resource Issues
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116 Verified Questions
116 Flashcards
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Sample Questions
Q1) What are the three commonly used strategies or approaches for implementing changes in an organization? Give an advantage and/or disadvantage for each type of approach.
Q2) The focus of restructuring is changing the way work is actually carried out.
A)True
B)False
Q3) Holding a meeting at which conflicting parties present their views and work through their differences is part of the defusion technique of managing conflict.
A)True
B)False
Q4) Policies refer to specific guidelines, methods, procedures, rules, forms, and administrative practices established to support and encourage work toward stated goals.
A)True
B)False
Q5) Recruitment, promotion, and mentoring are ways to alter an organization's culture.
A)True
B)False
9
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Chapter 8: Implementing Strategies: Marketing, Financeaccounting,
Rd, and Mis
Issues
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117 Verified Questions
117 Flashcards
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Sample Questions
Q1) The only reasons businesses have for determining their worth is preparing to be sold or to buy other companies.
A)True
B)False
Q2) The effects of the Sarbanes-Oxley Act include increased inflation of financial projections.
A)True
B)False
Q3) An example of a marketing decision is whether or not to limit the share of business done with a single customer.
A)True
B)False
Q4) Information technology has made it is possible for many firms to have employees who work at home or anywhere, anytime.
A)True
B)False
Q5) R&D issues include emphasis on product or process improvements.
A)True
B)False
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Chapter 9: Strategy Review, Evaluation, and Control
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122 Verified Questions
122 Flashcards
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Sample Questions
Q1) What are the four different perspectives related to the Balanced Scorecard and what does the Balanced Scorecard attempt to balance?
Q2) Financial ratios are used to compare a firm's performance over different time periods, to compare the firm's performance to industry averages, and to compare a firm's performance with
A) overall business standards.
B) projected goals.
C) the performance of suppliers.
D) non-financial ratios.
E) the performance of competitors.
Q3) List three contingency plans commonly established by firms.
Q4) Controls need to be ________ rather than ________.
A) action-oriented; information-oriented
B) cultural; political
C) qualitative; quantitative
D) measurable; timely
E) universal; diverse
Q5) List and describe Rumelt's four criteria for evaluating strategies.
Q6) List and describe each of the three strategy-evaluation activities.
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Q7) What three questions must be asked when using Balanced Scorecard Analysis?
Chapter 10: Business Ethics, Social Responsibility, and Environmental Sustainability
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117 Flashcards
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Sample Questions
Q1) A clear code of business ethics is a key ingredient in the establishment of an ethics culture.
A)True
B)False
Q2) Firms should strive to engage in social activities that
A) have economic benefits.
B) have no economic benefits.
C) are detrimental to economic growth.
D) drain financial resources.
E) garner goodwill only, not profits.
Q3) The "United Kingdom Bribery Law" is more stringent than the similar U.S. FCPA.
A)True
B)False
Q4) ________ are the individuals primarily responsible for ensuring that high ethical principles are espoused and practiced in an organization.
A) Non-management employees
B) Mid-level managers
C) Shareholders
D) Strategists such as CEOs and business owners
E) Governmental regulatory bodies
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Chapter 11: Global and International Issues
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126 Flashcards
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Sample Questions
Q1) Which of the following nations has the highest corporate tax rate?
A) Ireland
B) United States
C) Great Britain (United Kingdom)
D) France
E) Germany
Q2) The strategic-management process is conceptually different for multinational firms than for purely domestic firms.
A)True
B)False
Q3) The portion of the world's population that lives outside of the United States is growing ________ the U.S. population.
A) 30 percent slower than
B) 70 percent slower than C) 30 percent faster than
D) 70 percent faster than E) at the same rate as
Q4) Explain some of the forces leading companies to pursue international operations.
Q5) Discuss the economic outlook for Africa.
Q6) Contrast business culture in Mexico with business culture in the United States.
Page 13
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