Question 1 (4 points) Saved Related diversification normally has a goal of economies of scale. True False Question 2 (4 points) Saved Cost leadership focuses on all of the following except: Economies of scope Process innovation Maintaining relationships with non-profitable customers Economies of scale Question 3 (4 points) Saved The bottom of the market pyramid is not worth pursuing as a market. True False Question 4 (4 points) Saved Which of the following is not a stage in the product life cycle? Decline R&D Maturity Growth Question 5 (4 points) Saved Globalization and foreign trade can help mitigate military disputes. True False Question 6 (4 points) Saved Which of the following is not considered a business level strategy: Cost Leadership Unfocused Differentiation Focused Question 7 (4 points) Saved Which of the following is not a cultural consideration. Body language Asset forfeiture Religion Language Question 8 (4 points) Saved Which of the following are prevalent legal issues in international business: cyber laws intellectual property protection advertising laws tax systems all of the above none of the above Question 9 (4 points) Saved Corporate venture capital concerns an individual purchasing corporate stock. True False Question 10 (4 points) Saved Which of the following ways can a company diversify? None of the above Joint Ventures All of the above Alliances Acquisitions Question 11 (4 points) Saved Expropriation is the biggest political risk of global business True False Question 12 (4 points) Saved Which of the following reasons are why countries have tariffs. Protecting home industries. Generate revenue. Discourage importation of goods. All of the above. Question 13 (4 points) Saved A large number of competitors are entering the market during the maturity stage of the product life cycle. True False Question 14 (4 points) Saved Which of the following is not a potential problem of differentiation? Value not equal to price, leading to customers unwillingness to pay. Providing a high level of brand equity so customers are willing to pay more. Potentially imitated easily. Focus on all the parts, but not the whole. Question 15 (4 points) Saved Corporate governance does not concern governmental regulations. True False Question 16 (4 points) Saved Differentiation can reduce potential negative consequences of supplier power. True False Question 17 (4 points) Saved Companies can diversify into related or unrelated businesses? True False Question 18 (4 points) Saved The World Trade Organization is responsible for worldwide interest rates on global trade. True False Question 19 (4 points) Saved Some countries may not allow all revenue generated by a foreign company to leave the country. True False Question 20 (4 points) Saved Quotas can be used to support a country's industries. True False Question 21 (4 points) Saved Which of the following is not an example of a differentiation focused strategy? Customer service. Building a strong brand image. Seeking to enhance psychological value for customers. Lowering costs Question 22 (4 points) Saved Business level and corporate level strategies are the same thing. True False Question 23 (4 points) Saved Which of the following is not a good outcome of globalization? Greater access to specialized resources and capabilities Exploitation of workers in poor nations More wealth Increased standard of living Question 24 (4 points) Saved Cost leadership is the business level strategy that should be focused on during the introduction stage of the product life cycle True False Question 25 (4 points) Saved Quotas are taxes that are imposed on foreign goods entering the home country. True False