Firm that operate internationally are able to
A. earn a greater return from their skills and core competencies
B. realize location economies where they can be performed most efficiently
C. realize greater experience curve economies, which reduces the cost of production
D. All the above

1 Answer

Answer :

All the above

Related questions

Description : ------ pricing is possible when a firm is able to reduce its manufacturing costs at a predictable rate through improved methods, materials, skills, and machinery. A)experience-curve B)price leader C)manufacturing based D)production-curve

Last Answer : A)experience-curve

Description : Various Organizational routines & processes that determines how efficiently and effectively the Organization transforms it’s inputs into outputs is called: A. Strength B. Core Competencies C. Capabilities D. Customer Value

Last Answer : Core Competencies

Description : Which of the following is not a driver of globalization? A. The fragmentation of consumer tastes between countries. B. The competitive process. C. Multinational companies successfully persuading governments to lower trading barriers. D. The need to gain economies of scale.

Last Answer : The competitive process.

Description : Which of the following is a driver of globalization? A. Trade barriers and controls on inflows of foreign direct investment. B. Weak competition. C. Technological advance. D. Economies of scale are being exploited to the maximum.

Last Answer : Trade barriers and controls on inflows of foreign direct investment.

Description : A business is able to reduce total cost by spreading fixed costs across a wider range of products. This is known as…. A. Economies of Scope B. The Experience Curve C. Economies of Capacity D. Economies of Scale

Last Answer : Economies of Scale

Description : A business is able to reduce total cost by spreading fixed costs across a wider range of products. This is known as…. A. Economies of Scope B. The Experience Curve C. Economies of Capacity D. Economies of Scale

Last Answer : Economies of Scale

Description : Which of the following is not true of changes in a firm's technological environment? A. New technology allows for new ways of communicating with a firm's customers. B. New technology always ... allow new goods and. services to be developed. D. New technology lowers the production learning curve.

Last Answer : New technology always leads to benefits for firms.

Description : Core Competencies are the skills and abilities by which Resources are deployed through a Firm's activities and processes to enable the Company to ----------- : A. Survive B. ... imitate or acquire C. Achieve Competitive Advantage in ways others cannot imitate D. Achieve superior position

Last Answer : Achieve Competitive Advantage in ways others cannot imitate

Description : The reason that a nation's cultural differences are the most difficult to gain information about is because __________________. A. people tend to be sensitive about their own culture B. providing ... issue D. natives are least capable of explaining the unique characteristics of their own culture

Last Answer : “natives” are least capable of explaining the unique characteristics of their own culture

Description : The goal of corporate governance and business ethics education is to: A. Teach students their professional accountability and to uphold their personalIntegrity to society. B. Change the ... standards by which corporate professionals must operate. D. Increase the workload for accounting students.

Last Answer : Create more ethics standards by which corporate professionals must operate.

Description : The positively sloped part of long run cost curve of a firm is due to (a) Economies of scale ; (b) Diseconomies of scale; (c) Diminishing returns to scale ; (d) Marginal utility theory

Last Answer : (b) Diseconomies of scale;

Description : In the context of strategic management resources can be defined as: A. The knowledge and skills within the organization B. Something that an organization owns or controls that cannot be copied C. ... , controls or has access to on a semipermanent basis D. The physical assets of the organization

Last Answer : The physical assets of the organization

Description : It was recognized in the 1990s that physical assets are not the only thing that needs to be included in the valuation of a firm. In Europe, firms also included a supplement detailing the: A. Goodwill B. Intellectual capital C. Brand reputation D. Knowledge

Last Answer : Intellectual capital

Description : The corporate culture of a firm is more effectively carried to the managers who are A. Host country nationals B. Home country nationals C. Third country nationals D. None of the above

Last Answer : Home country nationals

Description : When a firm seeks the benefits of global integration and local adaptation, it is best described as which type of strategy? A. Transnational B. Global C. Multi-national D. Global-local

Last Answer : Transnational

Description : When a firm seeks the benefits of global integration and local adaptation, it is best described as which type of strategy? A. Transnational B. Global C. Multi-national D. Global-local

Last Answer : Transnational

Description : Previously, when a high-technology project was undertaken by a firm, it would start its journey through firm in A. Manufacturing department B. Functional department C. Execution Department D. R & D department

Last Answer : R & D department

Description : Global economies of scale arise when: a) a product or a process can be globally performed using cheap labour. b) a product or a process can be performed more cheaply thanks to alliances ... a process can be performed more cheaply thanks to globally performed cross-business cost-saving activities.

Last Answer : a product or a process can be performed more cheaply at greater volume than at lesser volume.

Description : Hofstede found that some countries have a long-term orientation while others focus on the short term. His results mean that: A. US business would be happy to invest in nuclear power and space ... from ten-year investment projects. D. Indian business is impatient for a return on its investments.

Last Answer : British businesses prefer investments with a quick return.

Description : In the context of strategic management, stakeholders can be defined as: A. An individual or group with a financial stake in the organization B. An external individual or group that is able to ... individual or group with an interest in the organization's activities and who seeks to influence them

Last Answer : Internal groups or individuals that are able to influence strategic direction of the organization

Description : In the context of strategic management, stakeholders can be defined as: A. An individual or group with a financial stake in the organization B. An external individual or group that is able to ... individual or group with an interest in the organization's activities and who seeks to influence them

Last Answer : Internal groups or individuals that are able to influence strategic direction of the organization

Description : ________ is characteristic of liquidity ratios. (a) Organization's ability to meet its current debt obligations (b) Organization's use of debt to finance its assets and whether it's able to meet the interest ... the debt ;(c) How efficiently the firm is using its assets ;(d) None of given options

Last Answer : (a) Organization’s ability to meet its current debt obligations 

Description : As a part of WTO guidelines, Agreement on Agriculture (AOA) doesn't consider A. Direct payments to farmers are permitted. B. Indirect assistance and support to farmers including R & D support by govt. are ... and trade have to be cut back. D. Least developed countries do not need to make any cuts.

Last Answer : Indirect assistance and support to farmers including R & D support by govt. are not permitted.

Description : Which one of the following is not considered as one of the building blocks of the model entrepreneur? A. technical skills. B. management competencies. C. business awareness. D. personal attributes.

Last Answer : C. business awareness.

Description : If an industry is characterized by economies of scale then - (1) barriers to entry are not very large (2) long run unit costs of production decreases as the quantity the firm produces increases (3) ... of the large scale operation (4) the costs of entry into the market are likely to be substantial

Last Answer : (2) long run unit costs of production decreases as the quantity the firm produces increases Explanation: In microeconomics, economies of scale are the cost advantages that an enterprise obtains due to expansion ... in unit cost as the size of a facility and the usage levels of other inputs increase.

Description : Economies of a firm are : (1) An increase in its profits (2) A reduction in its selling expenses (3) Its dominance of the market (4) Saving in it's production costs

Last Answer : (4) Saving in it's production costs Explanation: Economics of a firm includes how it combines labour and capital so as to lower the average cost of output, either from increasing, decreasing, or constant returns ... of a good or a service on a larger scale, yet with (on average) less input costs.

Description : Economies of a firm are : (1) An increase in its profits (2) A reduction in its selling expenses (3) Its dominance of the market (4) Saving in it’s production costs 

Last Answer : Saving in it’s production costs

Description : If an industry is characterised by economies of scale then (1) barriers to entry are not very large (2) long run unit costs of production decreases as the quantity the firm produces increases (3) ... of the large scale operation (4) the costs of entry into the market are likely to be substantial 

Last Answer : long run unit costs of production decreases as the quantity the firm produces increases

Description : Market requirements describe the A)customer needs or desired benefits. B)size of the market necessary to justify expenditures. C)events and relationships in a company's outside environment. ... and the particular competencies of competing firms. E)distinctive competencies that a firm has developed.

Last Answer : A)customer needs or desired benefits.

Description : The internet facilitates globalization by: A. Making it more difficult to contact potential customers abroad. B. Cutting the cost for firms of communicating across borders. C. Making it harder to ... Making it easier for governments to censor the information received by their citizens from abroad.

Last Answer : Cutting the cost for firms of communicating across borders.

Description : Using organization's existing under-utilized resources or capabilities (technologies, distribution channels, brands etc.) to new markets, products or services, is known as…. A. Economies of Scope B. The Experience Curve C. Economies of Capacity D. Economies of Scale

Last Answer : Economies of Scope

Description : Using organization's existing under-utilized resources or capabilities (technologies, distribution channels, brands etc.) to new markets, products or services, is known as…. A. Economies of Scope B. The Experience Curve C. Economies of Capacity D. Economies of Scale

Last Answer : Economies of Scope

Description : The VRIO framework can be used to identify: a) a firm's resources and external opportunities. b) the organizational structure of multinational firms. c) a firm's technical resources. d) a firm's core competencies

Last Answer : a firm's core competencies

Description : The concept of core competencies was originally devised by: Select one: a. Michael E. Porter b. C. K. Prahalad and Gary Hamel c. John Dunning and John Child d. Jay B. Barney

Last Answer : C. K. Prahalad and Gary Hamel

Description : According to Porter, if an organization does not follow either a cost leadership strategy or a differentiation strategy they are: A. Hybrid B. Stuck in the middle C. Typical D. No frills

Last Answer : Stuck in the middle

Description : Which of the following is NOT a business opportunity generated by globalization? A. Access to low cost labour. B. Cheap International transport. C. Currency crises. D. Less stringent regulation of the business environment.

Last Answer : Cheap International transport.

Description : Porter's generic strategies are: A. Low price, differentiation, focus B. Cost leadership, differentiation, cost focus, focus differentiation C. Price leadership, differentiation, focus D. Low cost, differentiation, focus differentiation

Last Answer : Price leadership, differentiation, focus

Description : Two countries can gain from foreign trade if A. Cost ratios are differentB. Price ratios are different C. Tariff rates are different D. (a) and (b) above

Last Answer : (a) and (b) above

Description : Trade between two countries can be useful if cost ratio of goods are A. Equal B. Different C. Undetermined D. Zero

Last Answer : Different

Description : If Japan and Pakistan start free trade, cost of wages in two countries will A. Increase B. Decrease C. No effectD. Double

Last Answer : Decrease

Description : Which of the following is NOT a business opportunity generated by globalization? A. Access to low cost labour. B. Cheap International transport. C. Currency crises. D. Less stringent regulation of the business environment.

Last Answer : Currency crises.

Description : Professional culture refers to A. Shared belief of top managers about how they should manage about themselves and their employees B. Shared code of ethics and other commonalities shared by members of a give group C. Both (a) and (c) D. None of the above

Last Answer : Shared code of ethics and other commonalities shared by members of a give group

Description : _____________ is a cultural dimension in which people expect others in their group to look after them and protect them when they are in trouble. A. Power distance B. Collectivism C. Quantity of life D. Uncertainty avoidance

Last Answer : Collectivism

Description : Which of the following statement is true (a) Monopolist are price takers ; (b) Monopoly firm earn abnormal profits; (c) A Monopoly firm faces straight demand line ; (d) Supply curve of a monopoly firm is positive sloped

Last Answer : (a) Monopolist are price takers ;

Description : Different cultures sometimes vary in their attitudes to time. In cultures where people follow event time: A. It is important to turn up for meetings on time. B. Much time is devoted to having a chat ... running over time, people do not wait for it to finish before moving on to the next event.

Last Answer : Much time is devoted to having a chat over a coffee during the working day.

Description : Different cultures sometimes vary in their attitudes to time. In cultures where people follow event time: A. It is important to turn up for meetings on time. B. Much time is devoted to having a chat ... running over time, people do not wait for it to finish before moving on to the next event.

Last Answer : Much time is devoted to having a chat over a coffee during the working day.

Description : Dimension of culture which defines extent of people how they act as individuals instead of representing as groups is classified as A. orientation distance B. power distance C. individualism D. certainty avoidance

Last Answer : individualism

Description : 'Influence' is defined as the ability to ____________ someone to something they would not otherwise have done. A. Intimidate B. Force C. Order D. Persuade

Last Answer : Intimidate

Description : 'Influence' is defined as the ability to ____________ someone to something they would not otherwise have done. A. Intimidate B. Force C. Order D. Persuade

Last Answer : Intimidate