Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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A company that starts out with a global focus because of its founders' international experience is called which of the following?
A) A globalized company
B) A born-global company
C) An international business
D) A born-local company
E) A born-national company
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- From the following, please identify the 2 statements that are true as well as the 2 statements that are false. A) Local responsiveness is the process of combining differentiated parts into a standardized whole. Global integration is the process of disaggregating a standardized whole into differentiated parts B) A differentiation strategy works well when a company can continually develop products that have unique features. C) The international strategy leverages a company’s core competencies into foreign markets D) Differences in local consumers’ preferences endure due to cultural predisposition, historical legacy, and endemic nationalism.arrow_forwardMany emerging market companies apply the cost leadership strategy, outperforming rivals by combining all of the following EXCEPT ________. A) state support B) expanded distribution C) growing technological sophistication D) expensive labor E) expanded distributionarrow_forwardHello, is it possible for you to explain me this? Sources of international law• concept, types and system of sources of international law• basic sources of international law• auxiliary sources of international law• other sources of international law• examples of sources of international lawarrow_forward
- Which one of the following is not part of a company's broad macro-environment? A) population demographics and societal values and lifestyles. B) governmental regulations and legislation. technological and ecological factors. C) conditions in the economy at large. D) the company's resource strengths, resource weaknesses, and competitive capabilities.arrow_forwardWhat would be the ideal competitive advantages of a Mexican food company?arrow_forwardcreate a report that achieve the following objectives:Knowledge1. Describe the international business environment in the Caribbean.2. Evaluate the environment in which international business is conducted.3. Differentiate the international opportunities and challenges facing Caribbean firms.4. Identify current issues affecting the conduct of international business, particularly forCaribbean firms.5. Evaluate the impact of globalization on strategy formulation and implementation ofCaribbean businessesSkills6. Formulate an international strategy including applying different modes of entry into aforeign market for an existing or fictitious company.7. Integrate issues of cultural and societal diversity into the international business decisionprocess.8. Develop strategies for leveraging cultural diversity into business operationsAttitudes9. Appreciate the implication of current world events for the practice of international business.arrow_forward
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