High pressure for local adaptation combined with low pressure for lower costs would suggest what type of international strategy?
A. transnational
B. overall cost leadership
C. global
D. multidomestic
Answer: D
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The study of an individual item or account over several periods in the same financial year or over many years is known as:
A. Ratio analysis B. Vertical analysis C. Liquidity analysis D. Horizontal analysis
As a manager who practices participation and empowerment, your style of leadership is likely to be most appreciated by:
a. Eastern Europeans b. Middle Easterners c. Nordic Europeans d. Asians
Gambino Corporation has provided the following financial data:Balance SheetDecember 31, Year 2 and Year 1AssetsYear 2Year 1Current assets: Cash$139,000 $190,000 Accounts receivable, net 206,000 180,000 Inventory 103,000 100,000 Prepaid expenses 95,000 90,000 Total current assets 543,000 560,000 Plant and equipment, net 999,000 970,000 Total assets$ 1,542,000 $ 1,530,000 Liabilities and Stockholders' Equity Current liabilities: Accounts payable$109,000 $120,000 Accrued liabilities 44,000 50,000 Notes payable, short term 65,000 60,000 Total current liabilities 218,000 230,000 Bonds payable 220,000 220,000 Total liabilities 438,000 450,000 Stockholders' equity:
Common stock, $5 par value 350,000 350,000 Additional paid-in capital 60,000 60,000 Retained earnings 694,000 670,000 Total stockholders' equity 1,104,000 1,080,000 Total liabilities & stockholders' equity$ 1,542,000 $ 1,530,000 Income StatementFor the Year Ended December 31, Year 2Sales (all on account)$1,370,000 Cost of goods sold 860,000 Gross margin 510,000 Operating expenses 445,308 Net operating income 64,692 Interest expense 17,000 Net income before taxes 47,692 Income taxes (35%) 16,692 Net income$ 31,000 Required:a. What is the company's times interest earned ratio for Year 2?b. What is the company's debt-to-equity ratio at the end of Year 2?c. What is the company's equity multiplier at the end of Year 2? What will be an ideal response?
Based on your reading of the chapter, why should companies avoid creating an all-encompassing, new global system when moving towards global operations?
A) This approach may fail due to a lack of visibility. B) It is difficult to quantify and explain the benefits of information systems that are large. C) "Grand design" approaches typically fail to identify centers of excellence. D) Opposition is strengthened because of requirements for huge resources. E) This approach will fail because of a lack of concrete objectives.