Question

51. Business markets in the Arab Gulf differ from business markets in other developing countries because:

a. Labor is relatively expensive b. Islam discourages labor-intensive technology c. Islam discourages capital-intensive technologies d. There are still high tariffs on imported capital goods

52. Global account management evolved partially as a response to:

a. Differences in cross-cultural behavior of industrial buyers b. The opening of government bidders c. Centralized purchasing by major companies d. Global consumer segments

53. Which IS NOT a part of addressing the competitive screen?

a. A competitive price b. A firm’s reputation c. Following procedures d. Cultural sensitivity

54. Bribery is more endemic in countries that score lower on the Hofstede power-distance dimension.

a. True b. False

55. Multilateral anti-bribery pacts are controversial because:

a. Only developed countries sign these pacts b. Only developing countries sign these pacts c. Some signatory countries do not take significant action to enforce their anti-bribery laws d. Transparency International does not support these pacts

56. In global industries, local firms should consider contender or dodger strategies.

a. True b. False

57. When a local firm avoids competition by finding a way to cooperate with its more powerful competitors, this is called a(n):

a. Business group b. Dodger strategy c. Anti-trust infringement d. Defender strategy

58. A defender strategy may be successful when a local firm can leverage:

a. Knowledge of local tastes b. Good relations with local distributors c. Good relations with local suppliers d. All of the above

59. A firm's assets that work well for a defender strategy may also support a(n):

a. Contender strategy b. Extender strategy c. Dodger strategy d. None of the above

60. A global roll-out is an example of a globally coordinated move involving:

a. Global competitors b. An extension strategy c. A new product d. Pricing policies

61. Europe outlawed cartels before the United States developed its antitrust laws.

a. True b. False

62. Anti-trust laws in the European Union (EU) focus on:

a. Protecting consumers from monopolies b. Guaranteeing fairness among competitors c. Protecting consumers from monopolies and guaranteeing fairness among competitors d. Protecting European competition from foreign firms

63. Fujitsu and Hitachi are examples of:

a. Japanese hybrids b. Horizontal keiretsus. c. Vertical keiretsus d. Privatized SOEs

64. Governments in developing countries sometimes licensed production in order to:

a. Protect SOEs b. Discriminate against local investors c. Discriminate against foreign investors d. Protect current ventures from increased competition

65. Encouraging competition where prior monopolies or strict entry controls previously existed is called market liberalization.

a. True b. False

66. In the 1990s many SOEs faced: a. Privatization b. Bankruptcy c. Decreasing ancillary agendas d. Increasing ancillary agendas

67. When consumers are concerned that purchasing imports will cause the loss of domestic jobs, this is called:

a. Consumer ethnocentrism b. Consumer animosity c. The country-of-brand effect d. The country-of-parts effect

68. A fiduciary bond often replaces equity ownership in a(n):

a. Business group b. SOE c. Privatized SOE d. Global firm

69. The positive effect of a country of origin is not often product-specific.

a. True b. False

70. Which IS NOT true of the country of origin phenomenon? a. It can be positive or negative b. Perceptions of countries can change quickly c. The home country of the brand's firm is more important than where the product is made d. All of these statements are true

Answer 1

51) Business markets in the Arab Gulf differ from business markets in other developing countries because:
a. Labor is relatively expensive

the cost of living is fairly high in Dubai as rent and food items are quite expensive. This pushes up the cost of living and effectively wages which are higher in Dubai in spite of there is income tax.

52) Global account management evolved partially as a response to:
d. Global consumer segments

Globalization means companies now operate in many countries and also source their supplies from different countries.
They have varied customers across the globe but some of them tend to be far more important because of their size and revenue they generate for the company. Global account management is related to managing such clients.

53) Which IS NOT a part of addressing the competitive screen?
c. Following procedures

Being a competitive firm involves strategic decisions which may include diversification, M&A and also pricing decisions. A firm's brand value or reputation also proves to be a strategic advantage and so as cultural sensitivity to foray into the foreign market. However, the following procedures are to comply with rules and regulations for smooth operations which is a day to day activity and so does not include in strategic management.

54) Bribery is more endemic in countries that score lower on the Hofstede power-distance dimension.
b. False

Power distance is the extent to which less powerful members accept and expect the unequal distribution of power. Actually, lower power distance countries are least corrupt such as Finland, Sweden while high power distance countries are more corrupt such as India and China.

First 4 questions have been answered according to the Chegg policy.