Question

1. Pressures for local responsiveness may make it difficult to

A. Complete effectively in more than one international market

B. Monitor and adapt to changing customer tastes in a large number of foreign markets

C. Leverage skills and products associated with a firms core competencies from one country to another

2. _________________________is the most appropriate strategy when there are substantial differences across nations with regard to consumer tastes and preferences, and where cost pressures are not

A. Localization strategy

B. Transitional strategy

C. International strategy

3.  ___________________________ is the most appropriate strategy when the firm simultaneously faces strong pressures for both cost reductions and local responsiveness.

A. Localization strategy

B. Transitional strategy

C. International strategy

4. A firm facing low pressures for local responsiveness and few pressures to contain costs might best pursue a(n) _______________________.

A. Localization strategy

B. Transitional strategy

C. International strategy

Markets are dynamic, and any firm will face competition. In time, international and localization strategies tend to become less viable, and managers need to ________________________________.

A. Orient their companies toward either a global standardization strategy

B. Develop an appropriate exit strategy to withdraw profitability from markets that become too competitive

C. Revitalize their original strategies with more intense focus to avoid spreading energies too thinly

Answer 1

1. C. Leverage skills and products associated with a firms core competencies from one country to another is something that may gets difficult with pressures for local responsiveness. Whereas the remaining ones are not applicable in this context.

2. A. Localization strategy is the most appropriate strategy when there are substantial differences across nations with regard to consumer tastes and preferences, and where cost pressures are not.

3. B. Transitional strategy is the most appropriate strategy when the firm simultaneously faces strong pressures for both cost reductions and local responsiveness.

4. C. International strategy is the one which a firm facing low pressures for local responsiveness and few pressures to contain costs might best pursue.

5. A. Orient their companies toward either a global standardization strategy is something that managers need to do in a circumstance when markets are dynamic, and any firm will face competition. In time, international and localization strategies. Whereas the remaining ones are not relevant in this context.

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