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| 1 | |
A firm that is considering doing business abroad must have a rationale and logic for how it can compensate for and overcome the liabilities and disadvantages that arise from its _____. |
| | A) | strategies |
| | B) | vision |
| | C) | mission |
| | D) | foreignness |
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| 2 | |
The evolution of _______ is a critical element in the formulation of a company’s strategy. |
| | A) | resources |
| | B) | business strategy |
| | C) | corporate strategy |
| | D) | industry structures |
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| 3 | |
In the ______ stage of industry evolution, specialized channels are needed for distribution. |
| | A) | embryonic |
| | B) | growth |
| | C) | maturity |
| | D) | decline |
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| 4 | |
In the _____ stage of industry evolution, there is a widening gap of buyers and a shift to mass production and distribution. |
| | A) | embryonic |
| | B) | growth |
| | C) | maturity |
| | D) | decline |
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| 5 | |
In the _____ stage of industry evolution, uniform quality is assumed. |
| | A) | embryonic |
| | B) | growth |
| | C) | maturity |
| | D) | decline |
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| 6 | |
In the _____ stage of industry evolution, there is a shakeout among the competition. |
| | A) | embryonic |
| | B) | growth |
| | C) | maturity |
| | D) | decline |
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| 7 | |
According to Porter, the diamond framework affects the competitiveness of ____ and ____ as well as firms. |
| | A) | competitors, complementors |
| | B) | nations, regions |
| | C) | customers, suppliers |
| | D) | suppliers, competitors |
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| 8 | |
In the diamond model, _____ conditions typically lead to innovations in the use materials, energy, and logistics. |
| | A) | factor |
| | B) | demand |
| | C) | firm structure, strategy, and rivalry |
| | D) | related and supporting industries |
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