International Business chap 7

What does PESTEL stand for in international business analysis?

• Product, Economics, Social, Technology, Environment, Legal

• Political, Economic, Social, Technological, Environmental, Legal

• Profit, Energy, Sales, Transport, Environment, Law

• People, Ethics, Strategy, Technology, Efficiency, Leadership

The CAGE framework helps analyze:

• Cultural, Administrative, Geographic, and Economic differences

• Company, Area, Growth, and Expansion strategies

• Cost, Access, Governance, and Ethics in business

• Capital, Assets, Geography, and Environment

Which of the following is an example of a vehicle for international expansion?

• Importing

• Licensing

• Domestic sales only

• Employee training programs

The purpose of "differentiators" in strategy is to:

• Reduce production costs only

• Create competitive advantages

• Comply with local laws

• Limit market entry options

"Shared value" in business refers to:

• Maximizing shareholder profits exclusively

• Benefiting society while generating profit

• Creating value for employees only

• Focusing solely on environmental protection

Economic logic in international strategy aims to:

• Maximize profits without any concern for cost

• Balance cost-saving with profit generation

• Minimize wages

• Increase complexity in operations

Which factor is NOT part of the PESTEL analysis?

• Economic

• Political

• Cultural

• Environmental

A multidomestic strategy typically involves:

• Standardized products globally

• Customizing products for each market

• Centralizing production

• Ignoring market differences

What is a key benefit of a transnational structure?

• High operational costs

• Flexibility and global integration

• Limited market access

• Centralized decision-making

Which phase of internationalisation involves the sequence and speed of expansion?

• Differentiation

• Staging

• Economic logic

• Local adaptation