One of the Biggest Strategic Challenges to Competing in the International

question 74

Multiple Choice

One of the biggest strategic challenges to competing in the international arena include

• A)how to avoid the risks of shifting exchange rates.
• B)whether to charge the same price in all country markets.
• C)how many foreign firms to license to produce and distribute the company's products.
• D)whether to offer a mostly standardized product worldwide or whether to customize the company's offerings in each different country market to match the tastes and preferences of local buyers.
• E)whether to pursue a global strategy or an international strategy.

Understand the concept of e-commerce and its significance in modern business.

Distinguish between value-adding and non-value-adding business activities.

Explain the significance of information systems in various business areas.

Analyze business scenarios using Porter's Five Forces model.

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Definitions:

Role Competencies

These are the essential skills, knowledge, and behaviors required for effectively performing a specific role within an organization.

Thinking Skills

The cognitive abilities that enable individuals to process information, solve problems, make decisions, and learn new concepts.

Succession Management

The process of identifying and developing new leaders who can replace old leaders when they leave, retire, or die, ensuring organizational stability and continuity.

Management Development

Programs and activities aimed at improving the skills, capabilities, and knowledge of managers and potential managers within an organization.