Shared Flashcard Set

Details

1 - MGT 499 || Chapter 8
1 - MGT 499 || Chapter 8
11
Business
Undergraduate 4
04/04/2019

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Cards

Term
Why does it pay for a company to base each value creation activity it performs at the location where factor conditions are most conductive to the performance of that activity?
Definition
National Differences
Term
What can help a company, building sales volume more rapidly, gain a cost advantage through the realization of scale economies and learning effects?
Definition
International Expansion
Term
What kind of pressures are greatest for companies in industries producing commodity-type products, where price is the main competitive weapon?
Definition
Cost Reduction
Term
What kind of pressures arise from consumer tastes and preferences as well as from national infrastructure, traditional practices, distribution channels and housing government demands?
Definition
Local Responsiveness
Term
Companies pursuing what kind of strategy transfer the skills and products derived from distinctive competencies to foreign markets, while undertaking some limited local customization?
Definition
International
Term
Companies pursuing what kind of strategy customize their product offerings, marketing strategies and business strategies to national conditions?
Definition
Localization
Term
Companies pursuing what kind of strategy focus on reaping the cost reductions that come from scale economies and location economies?
Definition
Global Standardization
Term
What strategy involves a simultaneous focus upon reducing costs, transferring skills and products and being locally responsive?
Definition
Transnational Strategy
Term
What are cooperative agreements between actual or potential competitors?
Definition
Strategic Alliances
Term
What are the following?:

-Expands the market

-Allows for lower cost structure through economies of scale, due to increased production.

-Offers more opportunities to differentiate.
Definition
Reasons Why Organizations Expand Globally
Term
What is a company that deploys resources and capabilities in at least two countries?
Definition
Multinational Company
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