Question 1 (1 point)

An international strategy that emphasizes local responsiveness over global integration is called:

None of the above

Transnational strategy

Multidomestic strategy

Global strategy

Question 2

As an international entry mode, licensing combines low cost and high control for the licensor.

True

False

Question 3

Liability of foreignness arises due to all of these distances, except:

Cultural

Geographic

Administrative

Technological

Question 4

Benefits or international strategy include all of the following, except:

Location advantages

Increased market size

Compliance with the international law

Increased economies of scale and learning

Question 5

A strategy through which the firm sells its goods or services outside its domestic market is called

International strategy

Multidomestic strategy

Global strategy

Transnational strategy

Question 6

In formulating international strategies, firms need to balance the need for global integration and the need for local responsiveness.

True

False

Question 7

An international strategy that gives equal weight to global integration and local responsiveness is called:

Multidomestic strategy

Global strategy

Transnational strategy

None of the above

Question 8

International entry through new wholly owned subsidiary is associated with all of the following, except:

High cost

High speed

High control

High risk

Question 9

International corporate-level strategy has to do with the scope of a firm's operations through geographic diversification.

True

False

Question 10

An international strategy that emphasizes global integration over local responsiveness is called:

Multidomestic strategy

Global strategy

Transnational strategy

None of the above