Topics Flashcards
Relative to traditional economic theories of trade and Porter’s Diamond, match each statement with it’s appropriate concept.
England produces wool more efficiently, Portugal produces wine more efficiently
Absolute Advantage
Relative to traditional economic theories of trade and Porter’s Diamond, match each statement with it’s appropriate concept.
The wool industry is more diverse and competitive in England than in Portugal
Porter’s Firm strategy, structure and rivalry
Relative to traditional economic theories of trade and Porter’s Diamond, match each statement with it’s appropriate concept.
Portugal produces both wool and wine more efficiently, but the advantage is smaller in wool
Comparative Advantage
Relative to traditional economic theories of trade and Porter’s Diamond, match each statement with it’s appropriate concept.
English consumers are more knowledgeable about wine and more demanding that Portuguese consumers
Porter’s Demand Conditions
Relative to traditional economic theories of trade and Porter’s Diamond, match each statement with it’s appropriate concept.
Portuguese barrel producers (for aging wine) are more skilled than England’s
Porter’s Related and supporting industries
From the perspective of a firm seeking competitive advantage in international trade
T/F Country Specific Advantages can refer to either natural or man-made advantages
True
From the perspective of a firm seeking competitive advantage in international trade
T/F Firms in the same industry may have successful strategies based on different Firm Specific Advantages
True
From the perspective of a firm seeking competitive advantage in international trade
T/F Firm Specific Advantages may be in Primary activities, Supporting activities or Auxiliary activities
False
From the perspective of a firm seeking competitive advantage in international trade
T/F Firms should operate in countries where their Firm Specific Advantages work well with the countries’ Country Specific Advantages
True
From the perspective of a firm seeking competitive advantage in international trade
T/F Supporting activities are based on infrastructure, Primary activities are based on transforming inputs into finished products/services
True
SparkCo is considering entering the German market with its line of hydration energy drinks. Match each of the following statements with its appropriate category in the market assessment process.
In Germany’s moderate climate people lose water when they exercise.
Physical
SparkCo is considering entering the German market with its line of hydration energy drinks. Match each of the following statements with its appropriate category in the market assessment process.
By German law, beverage products must reveal their sugar and caffeine content.
Regulatory
SparkCo is considering entering the German market with its line of hydration energy drinks. Match each of the following statements with its appropriate category in the market assessment process.
Germany has the highest level of personal income in the EU.
Economic
SparkCo is considering entering the German market with its line of hydration energy drinks. Match each of the following statements with its appropriate category in the market assessment process.
The three largest political parities in Germany are committed to open trade inside and outside the EU.
Political
SparkCo is considering entering the German market with its line of hydration energy drinks. Match each of the following statements with its appropriate category in the market assessment process.
Germans tend to drink familiar products like Radler and fruit juices after exercise.
Sociocultural
Match each of the following sources of information to its appropriate stage in the market assessment process
Descriptive information on cultural/religious/ethnic factors
In depth screening
Match each of the following sources of information to its appropriate stage in the market assessment process
A list of the world’s countries
Country Identification
Match each of the following sources of information to its appropriate stage in the market assessment process
Trade reports purchased from industry associations
In depth screening
Match each of the following sources of information to its appropriate stage in the market assessment process
Statistical information from various sources
Preliminary screening
Match each of the following sources of information to its appropriate stage in the market assessment process
Personal interviews with potential intermediaries in the country
Final Selection
Match each of the following statements with the approach to cross cultural analysis that it represents.
Japanese executives devote much more time to non-task sounding than to European executives
Cross cultural negotiation styles
Match each of the following statements with the approach to cross cultural analysis that it represents.
Latin Americans stand much closer together when conversing than North Americans
Silent language of space
Match each of the following statements with the approach to cross cultural analysis that it represents.
Southern Europe is heavily influenced by Roman Catholicism while North Africa is more influenced by Islam
Academic approach to culture studies
Match each of the following statements with the approach to cross cultural analysis that it represents.
Europeans attach most meaning to the objective content of language in cross cultural business communication
Low context culture
Match each of the following statements with the approach to cross cultural analysis that it represents.
Survey responses indicate that Italians are more willing to take risks than Brazilians.
Hofstede’s Indices
In the Hofstede Cultural Classification system, Thailand is classified as High Power Distance (vs Low Power Distance) and Collectivist (vs Individualist.) Would the following behavior would be expected in countries so classified?
Hierarchical organizational structures
Yes
