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svetoff [14.1K]
3 years ago
15

Firms face competing pressures in the marketplace–how to achieve lower costs through proven approaches to production, while look

ing at how to maximize their effectiveness in local markets. A firm's choice of strategy must reflect these pressures, and the firm knows that the dynamics of competition may require changes in strategy.
Pressures for local responsiveness mean that a firm may not be able to realize the full benefits from economies of scale, learning effects, and location economies. Customization of products brings benefits, but it also limits the firm's ability to realize significant scale economies and location economies. Companies generally choose from four main strategic postures: a global standardization strategy, a localization strategy, a transnational strategy, or an international strategy. The appropriateness of each strategy varies given the competitive realities and the firm's core competencies.
Read the overview below and complete the activities that follow.
Use the following questions to determine the firm’s correct strategic choice given the realities of its marketplaces and its previous strategic postures. Select the correct strategy.
Your firm has been a leader in several lines of fast-moving consumer goods. The firm has been following a localization strategy. Your products have been distributed in a number of foreign markets and regions, and they are distinct enough in local markets to respond to national tastes and preferences. Competition, however, has become more intense, with many competitors using lower cost structures to undercut your prices and still satisfy your customers. The firm must decide what kind of strategy it needs to follow to meet the demands of the local markets as well as the increased competitive pressures on cost.
1. Pressures for local responsiveness may make it difficult to ______________________________.
Select a response
compete effectively in more than one international market
monitor and adapt to changing customer tastes in a large number of foreign markets
leverage skills and products associated with a firm’s 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 too intense.
Select a response.
Localization strategy
International strategy
Transnational strategy
3. ___________________________ is the most appropriate strategy when the firm simultaneously faces strong pressures for both cost reductions and local responsiveness.
Select a response.
International strategy
Transnational strategy
Localization strategy
4. A firm facing low pressures for local responsiveness and few pressures to contain costs might best pursue a(n) _______________________.
Select a response
international strategy
localization strategy
transnational strategy
5. Markets are dynamic, and any firm will face competition. In time, international and localization strategies tend to become less viable, and managers need to ________________________________.
Select a response.
orient their companies toward either a global standardization or transnational strategy
develop an appropriate exit strategy to withdraw profitably from markets that become too competitive
revitalize their original strategies with more intense focus to avoid spreading energies too thinly
Business
2 answers:
kotykmax [81]3 years ago
8 0

Answer:Can you make it a little shorter or in sections so we can actually answer

Explanation:

Solnce55 [7]3 years ago
7 0

Answer:

1. Pressures for local responsiveness may make it difficult to ______________________________.

 

monitor and adapt to changing customer tastes in a large number of foreign markets

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 too intense.

Localization strategy

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

 

Transnational strategy

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

international strategy

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

orient their companies toward either a global standardization or transnational strategy  

Explanation:

When a company's global business activities are coordinated via cooperation and interdependence between its head office, operational divisions, and internationally located subsidiaries or retail outlets, the entity tends to realize more competitive advantages than when it uses a single strategy.  This is why the transnational strategy is offering the best alternative for international businesses in the globalized economy.

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Nominal GDP, Exports, and Imports
yKpoI14uk [10]

Answer:

a.

Net Exports 2015  are  - $471.4 billion.

b.

Net Exports 2016 are  - $552.1 billion.

Explanation:

The net exports for a country is the difference between the value of exports and the value of imports of a country over a certain period of time. The amount of net exports can be wither positive or negative depending upon the value of exports being in excess of the value of imports or not. The formula for net exports is,

Net Exports = Value of Exports - Value of Imports

a.

Net Exports for 2015 = 2344  -  2815.4

Net Exports for 2015 =   - $471.4 billion

b.

Net Exports for 2016 = 2372.7  -  2924.8

Net Exports for 2016 =  - $552.1 billion

6 0
3 years ago
An increase in the expected rate of inflation: shifts the short-run Phillips curve down. shifts the short-run Phillips curve dow
ZanzabumX [31]

Answer:

shifts the short-run Phillips curve up

Explanation:

The Phillips curve is a graph that shows the relationship between inflation and unemployment. In the short run, there is an inverse relationship between inflation and unemployment. The Phillip curve submits that high inflation is the cost to pay for economic growth. economic growth is accompanied by low unemployment. In the long run, there is no trade-off between inflation and unemployment.

An increase in expected inflation leads to an upward shift of the Phillips curve in the short run. Unemployment would stay unchanged. While a decrease in expected inflation leads to a downward shift of the Phillips curve

Stagflation in the 1970s have disproved the Phillips curve. Stagflation is when there is high unemployment and high inflation  

7 0
3 years ago
Diseconomies of scale means that a company is too small to purchase in bulk and is unable to lower costs.
Vinvika [58]

Answer:

Diseconomies of scale are when production output increases with rising marginal costs. ... Fixed costs do not change with increases/decreases in units of production volume, while variable costs are solely dependent, which results in reduced profitability. They show how well a company utilizes its assets to produce profit.

Explanation:

It's true.

3 0
3 years ago
Read 2 more answers
Marlene works in a manufacturing facility, Carz Parts. Throughout the building there were posters and calendars of a sexually ex
ser-zykov [4K]

Answer:

d. has a hostile work environment.

Explanation:

Based on this scenario, it seems that Carz Parts has a hostile work environment. This is a work environment that is created by a boss or coworker whose actions, communication or behavior make doing your job impossible by altered the terms, conditions, and/or reasonable expectations of a comfortable work environment. Which in this scenario, the sexually explicit posters were put up and/or allowed by the boss, and since the posters make Marlene very uncomfortable which prevents her from doing her job correctly the boss has therefore created a hostile work environment.

4 0
3 years ago
Planning goals is a large part of self-management.
Paladinen [302]

Answer:

True.

Explanation:

Planning can be defined as the process of developing individual or organizational aims, goals and objectives and translating them into action plans or courses of action.

Goals generally refers to the outcome statements that describe what an individual is hoping to achieve (accomplish), where he or she hopes to be in the nearest future, and the purpose for an action plan.

Planning goals is a large part of self-management because it sets the direction an individual should follow to achieve his or her objectives, mission or plans.

3 0
3 years ago
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