SOLVED

31) A global strategy is associated with ________. A) low degree of global integration and high degree of local responsiveness B) low degree of global integration and lack of local responsiveness C) high degree of global integration and high degree of local responsiveness D) low degree of global integration and low degree of local responsiveness E) high degree of global integration and low degree of local responsiveness 32) A firm that enjoys high degree of global integration and local responsiveness is pursuing a(n) ________ strategy. A) transnational B) global C) international D) multidomestic E) home-replication 33) Which of the following statements is true about firms pursuing a home-replication strategy? A) They attempt to achieve economies of scale by producing identical products in large quantities for a variety of different markets. B) They develop products for the global market. C) They focus on their domestic customers’ needs and wants and merely export their products to generate additional sales. D) They have a need to create integrated networks between the home office and the multiple local subsidiaries. E) They leverage the flexibility offered by a decentralized organization while at the same time reaping economies of scale enjoyed by centralization. 34) Companies pursuing a(n) ________ strategy attempt to achieve economies of scale by producing identical products in large quantities for a variety of different markets. A) global B) international C) export D) multidomestic E) home-replication 35) While pursuing a global business strategy, the ________ prohibit(s) the implementation of local strategies, and thus a global company cannot quickly react to local challenges and opportunities. A) increased bargaining power of customers B) threat of new entrants into the market C) increased bargaining power of suppliers D) need to achieve economies of scale E) threat of substitute products from other industries 36) Which of the following statements is true about organizations pursuing a global business strategy? A) They use a loose federation of associated business units, each of which is rather independent in their strategic decisions. B) They attempt to achieve economies of scale by producing identical products in large quantities for a variety of different markets. C) They are extremely flexible and responsive to the needs and demands of local markets. D) They focus on their domestic customers’ needs and wants and merely export their products to generate additional sales. E) They leverage the flexibility offered by a decentralized organization while at the same time reaping economies of scale enjoyed by centralization. 37) Which of the following is a disadvantage of firms that pursue a global strategy? A) lack of control over subsidiaries B) limited knowledge transfer between individual subsidiaries C) lack of interest in obtaining additional knowledge about foreign operations D) inability to control decentralization E) inability to react quickly to local challenges and opportunities 38) Which of the following statements is true about firms pursuing a multidomestic business strategy? A) They leverage the flexibility offered by a decentralized organization while at the same time reaping economies of scale enjoyed by centralization. B) They focus on their domestic customers’ needs and wants and merely export their products to generate additional sales. C) They cannot react quickly to local challenges and opportunities. D) They are extremely flexible and responsive to the needs and demands of local markets. E) They work in a centralized fashion and the home location exerts strong control on the subsidiaries. 39) Which of the following is a disadvantage for firms pursuing a multidomestic business strategy? A) limited knowledge transfer between individual subsidiaries B) exerting unnecessary control over subsidiaries C) lack of interest in obtaining additional knowledge about foreign operations D) inability to react quickly to local challenges and opportunities E) res