Block 3: Multiple Choice Test 2 - Questions and Answers PDF

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Block 3: Multiple Choice Test 2 - Questions and Answers
International Business - MN1205...

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International Business: MN1205

Block 3: MCT 2 Questions and Answers

1. Why is high buyer power unattractive to firms? Buyers can push down prices and demand higher specifications 2. What factors were behind the growth of Saudi Arabia’s real estate market, making it attractive to Insumat? Growing population, oil revenues and tourism 3. What two factors make European countries attractive to Acasa? Use of same payment provider and competitive energy markets 4. What is backward FDI? Investment into the beginning of the supply chain (raw resources) 5. How many determinants and variables are there in Porters Single Diamond? 6 6. Why do Barcelona’s start-ups think globally from the day they are founded? Not a large enough local market 7. Which of the following is an example of a Factor Condition? Skilled labour 8. If a MNE tailors its strategic plan to meet the needs of local culture, it is known as a… Polycentric predisposition 9. According to Jin and Moon (2006), what characteristic helps to enhance Factor Advantages? Education 10. What does ROI stand for? Return on Investment 11. What type of strategy emphasises low prices and cost reductions? Cost strategy 12. Purchasing suppliers and owning the assets involved in goods production is known as… Vertical Integration 13. Which parts of Porter’s Single Diamond model are variables, rather than determinants? Government and chance 14. Which of the following is NOT one of Porter’s 5 Forces? Factor conditions 15. Under the PESTLE framework, where would a recession best fit? Economic factors...