In North Korea, the government had taken control of several privately-owned steel manufacturing firms, and seized their assets. This process is called:
A. privatization.
B. municipalization.
C. disintermediation.
D. nationalization.
E. decentralization.
Answer: D. Nationalization.
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Competing in International Markets
- ______ is most frequently used in manufacturing industries and involves granting a foreign company the right to create a company's product within a foreign country in exchange for a fee.
- Two major telecommunication corporations in the United States, Stintson Pvt. Ltd. and Gavin Incorporation worked together to create a new entity with the name of Stintson-Gavin Incorporation. Both the firms believed that this would enable them to increase their business performance. Stintson-Gavin Incorporation started to operate by offering telecommunication and broadband services. Stintson-Gavin Incorporation is an example of a _____.
- Which of the following is true of franchising?
- Sandré and Moreau Pvt. Ltd. is a firm based in France that manufactures and sells dark chocolate bars and other chocolates under the brand name, ChocoNoir. The firm sold the right to Duvall & Reese Ltd., based in the United States, to use its brand name, products, and processes to manufacture and sell dark chocolate bars in return for a payment and a percentage of the revenues that would be gained by Duvall & Reese Ltd. Which of the following was being implemented by Sandré and Moreau Pvt. Ltd.?
- A firm can develop a wholly-owned subsidiary by purchasing an existing operation from a local company or another foreign operator.
- In a ________, two or more companies work together cooperatively, but no new organization is formed. The partnering companies share decision-making authority, control of the operation, and any profits that the relationship creates.
- According to Kim and Mauborgne's text, Blue Ocean Strategy, most companies enter established, often highly competitive markets, and fight to outperform rivals through traditional strategies of differentiation or cost leadership, which is known as a ______ approach.
- Which one of these is NOT an international strategy?
- A firm using a transnational strategy:
- Ark Inc. is an international watch manufacturer that sells a variety of watches. The management of Ark Inc. prioritizes efficiency over responsiveness to local requirements. They management aims to gain economies of scale, by offering the same product in all their markets. This indicates that Arc Inc. is using a _____ strategy.
- Which of the following is true of a firm using a global strategy to build efficiency across different nations?
- Which of the following is true of a firm using a global strategy to build efficiency across different nations?
- Which of the following is true about a multi domestic strategy?
- Which one of these is NOT a factor within the Diamond Model?
- SK Manufacturing Group is a firm based in California that produces rail locomotives. The firm does not need to depend on imported bearings, axle cars, and streamliners as there are many firms in the U.S. that manufacture these equipments. The easy availability of components has fuelled the firm's growth. According to the diamond model, SK Manufacturing Group benefits from:
- In The World Is Flat: A Brief History of the 21st Century, Friedman argued that technological advances and increased interconnections are leveling the competitive playing field between developed and emerging countries. This means that companies exist in a "___ world" because economies across the globe are converging on a single integrated global system.
- Just-in-time inventory management believes in storing large amounts of parts and material.
- Meadow Range Pvt. Ltd. is a firm based in France that has one of the finest wine breweries in the country. Due to the availability of many grape varieties, and suitable climatic conditions for growing grapes in France, Meadow Range has an advantage when competing in the international market. According to the diamond model, Meadow Range benefits from:
- Factor conditions differ from demand conditions in that factor conditions refers to:
- Sashes Inc. is a firm that provides apparels, footwear, and bags in the U.S, and exports some of its products to England and Canada. The firm conducts extensive research in the U.S. to understand the preferences of customers, such as colors and designs. As a result of American customers' high standards of quality, Sashes Inc. ensures that its products are durable, as well as stylish. This helps it to compete in the international market. According to the diamond model, Sashes Inc. benefits from:
- According to the diamond model of Porter, which of the following refer to demand conditions?
- Creative Publications Pvt. Ltd., a publishing firm based in Germany had entered into several business deals with a few book stores and book lounges in the United States. However, the substantial difference in the currency exchange rate systems of the two nations resulted in the firm facing severe losses. Which of the following risks was encountered by Creative Publications Pvt. Ltd.?
- _______ refers to the potential for government upheaval or interference with business to harm an operation within a country.
- Knightly Pvt. Ltd., an eyewear firm based in Texas, has business operations across various countries. When a financial meltdown occurred in Texas and in its surrounding areas, a number of people lost their jobs and were unemployed. However, this major crisis did not affect the operations of Knightly Pvt. Ltd., as it functioned across many nations. This implies that the organization had diversified its _____ by not being completely dependent on its operations in the United States.