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business
international business

Questions and Answers of International business

11-25. Compare and contrast existing competitors for the product ranges in your country and assess their market share. Form a group with three or four of your classmates. Your group represents the
11-24. Suggest whether all four product ranges should be offered in your country and give reasons for your decisions. Form a group with three or four of your classmates. Your group represents the
11-23. Assess the likely demand for the four product areas in your country. Form a group with three or four of your classmates. Your group represents the planning department of a large, domestically
11-22. Identify and evaluate examples of existing businesses in your country that would appear to match the four main product areas as likely partners. Form a group with three or four of your
11-21. Related and unrelated diversification represent extremes of a continuum. Discuss why a firm might want to take a mid-range approach to diversification, as opposed to being purely one or the
11-20. Identify products you use regularly that are made by international firms that use the three different business strategies.
11-19. Is a firm with a corporate strategy of related diversification more or less likely than a firm with a corporate strategy of unrelated diversification to use the same business strategy for all
11-18. The new Disney theme park in Shanghai will open later this decade. Develop a list of at least five ways other units of Disney can help promote and publicize the park’s grand opening.
11-16. Why do relatively few international firms pursue a single-product strategy?
11-15. How can a poor SWOT analysis affect strategic planning?
11-14. Study mission statements from several international businesses in the same industry. How do they differ, and how are they similar?
11-12. Should the same managers be involved in both formulating and implementing international strategy, or should each part of the process be handled by different managers? Why?
11-11. What are the basic differences between a domestic strategy and an international strategy?
11-10. What are the basic types of functional strategies most firms use? Is it likely that some firms have different functional strategies?
11-9. Identify and distinguish among three common approaches to business strategy.
11-8. Identify and distinguish among three common approaches to corporate strategy.
11-7. What are the three levels of international strategy?Why is it important to distinguish among the levels?
11-6. Describe the role and importance of distinctive competence in international strategy formulation.
11-5. Identify the four components of an international strategy.
11-4. What are the steps in international strategy formulation?Are these likely to vary among firms?
11-3. How do international strategy formulation and international strategy implementation differ?
11-2. What are the four basic philosophies that guide strategic management in most MNCs?
11-1. What is international strategic management?
5. Identify and characterize the levels of international strategies
4. Describe the international strategic management process.
3. Distinguish and analyze the components of international strategy.
P2-13. Do you think it is possible to design and sell the same basic appliance around the world? For years, international businesses looked forward to the EU’s emergence as a single, integrated
P2-12. In light of the aggressive responses of Electrolux and Bosch Siemens Hausgeräte, should Whirlpool revise or abandon its European strategy? For years, international businesses looked forward
P2-11. What benefits will Whirlpool gain by broadening the Whirlpool brand name from a North American brand to a global one? For years, international businesses looked forward to the EU’s emergence
P2-10. Should Whirlpool continue to produce and market in Europe its three product lines (Bauknecht, Whirlpool, and Ignis), which span the entire white-goods market, or should it focus on one market
P2-9. What are the advantages of consolidating production of product lines at single factories in the EU?What are the disadvantages? For years, international businesses looked forward to the EU’s
P2-8. In 2013, Delta Airlines filed a lawsuit against the Export-Import Bank of the United States, alleging that the bank’s offering low interest rates loans to foreign companies who buy Boeing
P2-7. If the U.S. government’s aid to Boeing and the EU’s aid to Airbus just cancelled each other out, would there be any winners or losers from these aid programs? Since its initial commercial
P2-6. Who benefits from this aid? Who loses? Since its initial commercial flight in 1969, the Boeing 747 benefited from its status as the world’s largest commercial aircraft. Its costs per seat
P2-5. Why does the EU offer aid to Airbus? Why does the United States offer aid to Boeing? Since its initial commercial flight in 1969, the Boeing 747 benefited from its status as the world’s
P2-4. What is the impact of China’s lack of aggressive enforcement of IPR on its economic development in the short run? if the long run? Most economists would agree that intellectual property
P2-3. Does intellectual property theft undermine the workings of the free-market system? Most economists would agree that intellectual property rights (IPR) are critical components of a
P2-2. Should the average consumer concern himself or herself with theft of intellectual property? What about the average citizen? The average worker? Most economists would agree that intellectual
P2-1. How important is intellectual property to the world economy? Most economists would agree that intellectual property rights (IPR) are critical components of a well-functioning market system.
10-29. Mymanagementlab Only—comprehensive writing assignment for this chapter. Go to mymanagementlab.com
10-28. Discuss the history of the EU. What are the major challenges the EU has had to overcome to reach its current preeminence? Go to mymanagementlab.com
10-27. What are the five forms of regional economic integration? How do they differ from one another? Go to mymanagementlab.com
10-26. List the various ways that a citizen (or groups of citizens) of your country can influence decisions taken by your national government. List the various ways that a citizen (or a group of
10-25. Suppose the European Commission is considering an EU-wide policy mandating that workers be entitled to a one-month vacation every year. To promote a common market, is it necessary that all EU
10-24. In 2012, Peugeot announced that it would shutter its factory in Aulnay-sous-Blois, costing 8,000 workers their jobs. President Hollande immediately denounced the proposed downsizing and
10-23. Italy’s old age dependency ratio in 2012 is 0.28; by 2050, it is expected to rise to 0.68. Would you be willing to build a new factory in Italy in 2050? Will Italian teenagers in 2050 be
10-22. What are the economic implications of a rising old-age dependency ratio? As we noted in this chapter, the members of the EU have made remarkable progress in creating a common market and in
10-21. Do you think the effects of TAFTA on each product you selected will be consistent with what advocates or critics of TAFTA might have predicted? The United States and the EU have agreed to
10-20. Explain with examples the ways in which the rules of origins will be applied in TAFTA. The United States and the EU have agreed to negotiate a new Transatlantic Free Trade Agreement (TAFTA).
10-19. Why will TAFTA significantly affect world trade when it is finally signed? The United States and the EU have agreed to negotiate a new Transatlantic Free Trade Agreement (TAFTA). Advocates
10-18. Why does the MFN principle promote multilateral, rather than bilateral, negotiations among WTO members?
10-17. Of what importance are rules of origin to international businesses?
10-16. Is the abandonment of import substitution policies by South American governments a necessary condition for the success of the Andean Community and the Mercosur Accord?
10-15. What strategies can North American and Asian firms adopt to ensure access to the enormous EU market?
10-14. Discuss Free Trade Agreements in terms of trade creation and trade diversion.
10-13. How does the WTO affect the operations of large MNCs? Did MNCs benefit from the successful completion of the Uruguay Round?
10-12. Suppose you are deciding whether to locate a factory in China or in Mexico to serve the U.S. market. What factors would influence your location decision?Suppose the price of oil suddenly
10-11. Consider the opening case in this chapter. How has Mexico’s success affected the Canadian and U.S.economies?
10-10. What efforts have South American countries made to regionally integrate their economies?
10-9. What is the Caribbean Basin Initiative? What is its goal?
10-8. What kind of economic integration is ASEAN?
10-7. Why is the EU a unique example of regional association?
10-6. What was the goal of the Treaty of Rome?
10-5. Why do free trade areas develop rules of origin?
10-4. What are the differences between Free Trade Agreement and Common Markets?
10-3. How does the WTO differ from the GATT?
10-2. Under what conditions can WTO members not use MFN when dealing with one another?
10-1. What does most favored nation (MFN) mean?
4. Describe the other major trading blocs in today’s world economy
2. Contrast the different forms of economic integration among cooperating countries.
1. Explain the importance of the General Agreement on Tariffs and Trade (GATT) and the World Trade Organization (WTO) to international businesses.
1. Discuss the meaning of international business.
4. Discuss the causes of globalization
How do country-specific reasons distinguish international business from domestic business?
Discuss the importance of the global economy in your life?
What are the differences between visible and invisible trade?
What is the impact of globalization on international business and its growth?
What are the driving forces behind global firms? How do emerging markets affect the ability of global firms in leveraging their core competencies? Explain your answer with examples.
What makes a firm truly ‘global’ in its outlook? Do you think technology, cultural and political changes affect the orientation of a firm?
Try to identify the brands of each product that are made by domestic firms.
Try to identify the brands of each product that are made by foreign firms.
Does your list of 10 products include items with components that are both domestically made and foreign made?
What challenges do graying populations create for companies? Recent newspaper headlines trumpeted stories of massive protests in Paris by students and workers denouncing pending labor market reforms;
What opportunities do graying populations create for firms? Recent newspaper headlines trumpeted stories of massive protests in Paris by students and workers denouncing pending labor market reforms;
How will demographic changes affect the competitiveness of countries in the international marketplace? Recent newspaper headlines trumpeted stories of massive protests in Paris by students and
What can countries do to counteract the impact of these demographic changes on their economic competitiveness?Recent newspaper headlines trumpeted stories of massive protests in Paris by students and
What has been the impact of the one-child policy on China’s economic fortunes? Recent newspaper headlines trumpeted stories of massive protests in Paris by students and workers denouncing pending
Go to the U.S. Census Bureau’s international data base at www.census.gov. Pick two countries and analyze their changing demographics. Which one faces the more favorable demographic future? Recent
What are the primary causes of globalization? Go to mymanagementlab.com
Is globalization good or bad for the world? Is its impact uniform, or are some groups and countries benefited/harmed more than other groups and countries? Go to mymanagementlab.com
Mymanagementlab Only—comprehensive writing assignment for this chapter Go to mymanagementlab.com
Define the terms glasnost and perestroika?
Discuss how heavy reliance on oil export combined with political unrest in the Middle East might impact major economies of the world. How can an economic policy dedicated towards “life after oil”
South Korea, much like Japan, relied on a positive balance of trade, government leadership and chaebols for its economic development. How did overexpansion and poor lending practices impact Korean
What was the total value of U.S. imports from Belgium last year? Of U.S. exports to Belgium? Success in international business often depends on a firm obtaining information about foreign markets so
What is the total level of U.S. investments in Belgium?Of Belgian investments in the United States? Success in international business often depends on a firm obtaining information about foreign
Profile the economy of Belgium: What is its GDP?What is its per capita income? How fast is its economy growing? What are its major exports and imports? Who are its major trading partners? Success in
Profile the people of Belgium: What languages do they speak? What is their average educational level? What is their life expectancy? How fast is the population growing? Success in international
Which industries gain and which industries lose from the availability of cheap natural gas produced from shale deposits? Joseph Schumpeter, an Austrian-born economist who emigrated to the United
Which countries gain and which countries lose from the availability of cheap natural gas? Joseph Schumpeter, an Austrian-born economist who emigrated to the United States in 1932, championed

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