IAE INT STR S1 Introduction to International Strategy

What is a fundamental aspect of international strategy?

• Operating exclusively in domestic markets

• Planning and implementing business activities beyond domestic borders

• Avoiding the impact of globalization

Which of the following is NOT a driver of globalization?

• Economic liberalization

• Technological advancements

• Increasing trade barriers

Why do companies choose to expand internationally?

• To access new markets and diversify risk

• To reduce operational complexity

• To avoid talent acquisition

What is one of the benefits of international strategies?

• Decreased revenue potential

• Economies of scale

• Increased political risks

Which of the following is a risk associated with international expansion?

• Access to innovation

• Cultural challenges

• Economies of scale

Which concept involves tailoring products and services to fit local markets?

• Global Strategy

• Transnational Strategy

• Multi-Domestic Strategy

What is a drawback of a multi-domestic strategy?

• High costs and complexity in managing multiple markets

• Lack of local responsiveness

• Inability to achieve economies of scale

A global strategy focuses on:

• Standardized products and services across international markets

• Customizing products for each market

• Ignoring economies of scale

What is an advantage of a global strategy?

• High local responsiveness

• Cost efficiency and consistency

• High customization

What is a challenge associated with a global strategy?

• Achieving economies of scale

• Lack of local adaptation

• Consistency in product offerings