Business School 101: International Strategies Quiz

What are the two main competitive pressures faced by firms in the global marketplace?

• Product innovation and market expansion

• Cost reductions and local responsiveness

• Customer satisfaction and brand loyalty

• Supply chain efficiency and digital transformation

Which strategy might a firm use to lower the cost of value creation?

• Reducing marketing efforts

• Mass production at an optimal location

• Focusing on niche markets

• Increasing product prices

Why might a firm outsource certain functions to foreign suppliers?

• To increase product quality

• To improve customer service

• To reduce costs

• To enhance brand image

What can cause strong pressures for local responsiveness?

• Consistent government regulations

• Uniform global consumer preferences

• Differences in customer tastes and preferences

• Standardized global infrastructure

Which of the following is NOT a factor that contributes to local responsiveness?

• Differences in infrastructure

• Global standardization of products

• Host government demands

• Differences in distribution channels

What strategy is most suitable when there are strong pressures for cost reductions and minimal demands for local responsiveness?

• Localization strategy

• Global standardization strategy

• International strategy

• Transnational strategy

Which strategy focuses on customizing products to match local tastes and preferences?

• International strategy

• Transnational strategy

• Localization strategy

• Global standardization strategy

What is a key challenge of pursuing a transnational strategy?

• Balancing cost reductions with local responsiveness

• Achieving economies of scale

• Reducing marketing costs

• Standardizing products globally

Which strategy involves taking products first produced for the domestic market and selling them internationally with minimal customization?

• International strategy

• Global standardization strategy

• Localization strategy

• Transnational strategy

What is a potential downside of the international strategy over time?

• Increased competition

• Higher production costs

• Limited market reach

• Complex supply chains