Companies That Compete Internationally Can Pursue Competitive Advantage in World

question 51

Multiple Choice

Companies that compete internationally can pursue competitive advantage in world markets (or offset domestic disadvantages) by

• A)using a differentiation-based competitive strategy in those country markets with superior resources.
• B)choosing not to compete in countries with high tariffs and high taxes (which then have to be passed along to buyers in the form of higher prices), thus keeping costs and prices lower than rivals.
• C)using an export strategy to circumvent the risks of adverse exchange rate fluctuations.
• D)locating value chain activities in whatever nations prove most advantageous in a manner that uses location to lower costs or achieve greater product differentiation, allow for the transfer of competitively valuable competencies and capabilities from one country to another, and allow for cross-border coordination.
• E)employing a multidomestic strategy instead of a global strategy.

Recognize the significance and placement of withdrawals and expenses in financial reporting.

Understand the structure and purpose of a trial balance in accounting.

Identify and categorize different types of accounts (assets, liabilities, equity, revenue, expenses, and withdrawals) within a financial accounting system.

Analyze and calculate owner's equity based on given financial information.

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Definitions:

Right to Work Laws

Laws that prohibit agreements between labor unions and employers that make membership, payment of union dues, or fees a condition of employment, either before or after hiring.

Union Members

Individuals who belong to a labor union, an organization that represents workers' interests in negotiations with employers over wages, benefits, and working conditions.

Union Shop

All employees must join the union, usually within 30 days after they are hired.

Closed Shop

An employer may hire only union members; outlawed under the Taft-Hartley Act.