Bus blok 2 year 2

Question 1

Name two macro indicators of the Legal element

Answer 1

• intellectual property right protection
• right protection
• competition laws
• product safety and warranty
• privacy laws

Question 2

Name two macro indicators of the Political element

Answer 2

• political stability
• fiscal policies
  -trade agreements
  -import tariffs or other import barriers

Question 3

Name two macro indicators of the Economic element

Answer 3

• interest rates
• gdp, volumze size
• purchasing power
• inflation
• labor costs
• currency exchange rate

Question 4

Name a advantage for (de) centralization

Answer 4

centralization: facilitates coordination
decentralization: avoids high burden on top-management

Question 5

difference between vertical differentiation and horizontal differentiation

Answer 5

vertical differentiation has levels of authority meanwhile at horizontal differentiation each department is equal

Question 6

explain what a domestic product divisional structure is and why firms would use this?

Answer 6

a structure for every poruddct line a functional structure
for firms with diversified products

Question 7

explain what a international division structure is and why firms would use this?

Answer 7

for firms with a product divisional or functional structure who want to internationalize

Question 8

explain the difference between worldwide product divisional structure and worldwide area structure?

Answer 8

worldwide product divisional structure is more about organizing based on different product lines and categories

meanwhile worldwide are structure focuses on organizing based on geopgraphic regions

Question 9

explain the difference between
1)international division structure and 2) worldwide are structure

Answer 9

focus
1: individual countries 2: larger geographic areas

Question 10

Why is formal integrating mechanisms important for a business?

Answer 10

help different parts of company work together :
to make sure information, decisions and action flow smoothly between department

Question 11

what would be an example of formal integrating mechanism?

Answer 11

a meeting to share updates

Question 12

explain the two different research there are in r&d

Answer 12

basis research: focuses on increasing knowledge no specific target just in general
applied research: targeted increaing knowledge for a specific application or need

Question 13

define development

Answer 13

activities that apply knowledge to produce useful products or services

Question 14

why is cross-functional important for business

Answer 14

collaboration ,effiency
, innovation

Question 15

what are the three core functions of cross-functional

Answer 15

1. R&D
   2.Marketing
2. Production

Question 16

Name 2 pro of centralizing

Answer 16

1. improve coordination
2. save costs

Question 17

name 2 con’s of centralizing

Answer 17

1. slower responses
2. potential creativity challenge

Question 18

name two characteristics of effective cross-functional team

Answer 18

• diverse expertise
• clear objectives
• open communication
• effective leadership
• flexibility

Question 19

name three factors that can make HRM complex when expanding internationally

Answer 19

1. diverse cultures and laws
2. global communication
3. talent management

Question 20

name two characteristics that make parent and third-country national succesfull in overseas posting

Answer 20

1. support from family members
2. personality outgoing cooperative and tolerant

Question 21

name two advantages of being the firstmover

Answer 21

1. ability to preempt rivals and capture demand
2. build volume and gain experience
3. create switching cost

Question 22

name two disadvantages of being the firstmover

Answer 22

1. different foreign business system
2. liability of foreigness
3. change of regulations

Question 23

name two optimal mode varies that influence firms when entering a market?

Answer 23

• transport costs
• trade barriers
  -cost
• political risks
• economic risks
  -firm strategy& firm capabilities

Question 24

name the 6 entry modes of international markets

Answer 24

1. exporting
2. turnkey projects
3. licensing
4. franchising
5. joint venture
6. wholly owned subsidiary

Question 25

name the two categories wholly owned subsidiary is divided in and explain

Answer 25

1. greenfield- set up a new operation in a new country
2. Acquisition of an established local firm

Question 26

what is the difference between licensing and franchising ?

Answer 26

Licensing: Giving permission for others to use your idea, product, or process.
Franchising: Selling a complete package, allowing others to open and run their own businesses using your brand and methods.

Question 27

difference between direct and indirect competitors?

Answer 27

direct competitors offers the same product and may have the same business but indirect competitors dont sell the same product but may satisfy the same customer need

Question 28

difference between tangible and intangible assets

Answer 28

Tangible Assets: Things you can touch, like toys, cars, or land.
Intangible Assets: Things you can’t touch, like patents, trademarks, or the value of a brand.

Question 29

what are the four competitive position strategie and explain

Answer 29

Leader: The top company in the market.
Challenger: A company trying hard to compete with and possibly surpass the leader.
Follower: A company that imitates what successful companies are doing.
Niche Player: A company that focuses on being the best in a specific, specialized area.

Question 30

What are the 5 elements of the customer journey?

Answer 30

Awareness:
Consideration:
Decision:
Purchase:
Post-Purchase:

Question 31

what is an example of wolly owned subsidiary

Answer 31

mcdonalds usa exapanding to different countries now having mcdonalds Nl and mcdonalds france it is still 100% owned by mcdonalds

Question 32

difference between acquisition and greenfield

Answer 32

Greenfield: Creating something entirely new, like building a new toy store.
Acquisition: Buying something that already exists, like purchasing an existing toy store.