When an organization has different competitive and product design issues in each of its theatres of operation, and warehouses and offices will need to be established abroad, what form of internationalization is it known as?Question 10Answera.Domesticb.Multi-domesticc.Multinationald.Global

Fill in the blanks:…………. company produces, markets, invests and operates across the world.Group of answer choicesb. Transnationalc. Transnationald. Multinationala. Global

Choosing a Strategy for International Business This activity is important because, as a manager, you must be able to determine a strategy for your business in different markets. Especially when working in international business, it is important to decide whether to use a multinational strategy or a global strategy. When a company uses a multinational strategy, is customizes products, promotion, and distribution according to cultural, technological, and regional differences. When a company uses a global strategy, it standardizes products for the whole world, as if it were a single entity. The goal of this exercise is to demonstrate your understanding of strategies for international business by identifying examples of multinational and global strategies. Read the description of the international businesses below and then match it to the international strategy type that the company best represents.

Differentiate international business from domestic business

1 pointWhich of the following best defines international business?

The internationalization process of a company is perhaps most overtlydemonstrated by the preceding three dimensions: the further advanced afirm is along them the more 'internationalized' it may be regarded as being.For example, a Finnish company with a high export/total sales ratio of say 80per cent but which is selling only one product, via an agent, to one country,Sweden would be regarded, according to the above framework, as still beingonly in the earliest stages of international development.Nevertheless, although providing a broader-based assessment of inter-nationalization, the first three dimensions concentrate on the components ofactual foreign market activity. Sueh an approach leaves aside the variety ofinternal company changes which are consequent upon, and therefore refiect,the degree of internationalization but also form the foundation for additionalsteps forward in the overall process [42J. In the resources area finance andpersonnel afe obviously important, but so also is the organisation structuredeveloped for handling foreign activities. In Figure I, three of these areas-finance, personnel and organisation structure - are noted because of theirimportance, but they are by no means exclusively so