Read the summary and the most important questions on International management | 9781849590556 | [comp. by S.W. Douma].

• 1 Foundations of management and organizations

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• 1.             Which of the following affects the bargaining power of customers? a.       The number of customers and the volume of their purchases b.      Supplier switching costs for firms in the industry c.       Rates of technological innovation d.      The growth rate of the market

  1.             Which of the following affects the bargaining power of customers?

  a.       The number of customers and the volume of their purchases

  b.      Supplier switching costs for firms in the industry

  c.       Rates of technological innovation

  d.      The growth rate of the market

• 1.             Which of the following may identify organizations that form a strategic group? (Choose all that apply) a.       They have similar characteristics. b.      They are strategic business units within a single organization.  c.       They follow similar strategies. d.      They compete on similar bases.

  1.             Which of the following may identify organizations that form a strategic group? (Choose all that apply)

  a.       They have similar characteristics.

  b.      They are strategic business units within a single organization. 

  c.       They follow similar strategies.

  d.      They compete on similar bases.

• 1.             True or false?           A low cost strategy can be especially attractive when the target market niche is small.

  1.             True or false?

            A low cost strategy can be especially attractive when the target market niche is small.

• 1.             According to the VRIO model, what are the two criteria that must be satisfied in order to sustain a competitive advantage? a.       inimitability and nonsubstitutability b.      inimitability and exploitability c.       value and exploitability d.      value and rarity

  1.             According to the VRIO model, what are the two criteria that must be satisfied in order to sustain a competitive advantage?

  a.       inimitability and nonsubstitutability

  b.      inimitability and exploitability

  c.       value and exploitability

  d.      value and rarity

• 1.             The large expenditures on advertising by firms such as Procter & Gamble and Colgate-Palmolive is an example of what kind of barrier to entry? a) Access to distribution channels. c) Economies of scale. b) Capital requirements. d) Product differentiation.

  1.             The large expenditures on advertising by firms such as Procter & Gamble and Colgate-Palmolive is an example of what kind of barrier to entry?

  a) Access to distribution channels. c) Economies of scale. b) Capital requirements. d) Product differentiation.

• 1.             With reference to Penrose’s theory of the growth of the firm, which of the following is not true? a.       A proper amount of information can reduce risk b.      Temperament and lack of information are sources of uncertainty c.       All various ways of reducing risk require the input of managerial services d.      Most resources can render various services, of different specialization

  1.             With reference to Penrose’s theory of the growth of the firm, which of the following is not true?

  a.       A proper amount of information can reduce risk

  b.      Temperament and lack of information are sources of uncertainty

  c.       All various ways of reducing risk require the input of managerial services

  d.      Most resources can render various services, of different specialization

• Can experience be transferred according to Penrose? Can knowledge?

  ―Experience produces increased knowledge about things and contributes 

  to ‗objective‘ knowledge in so far as its results can be transmitted to 

  others. But experience itself can never be transmitted; it produces a 

  change – frequently a subtle change – in individuals and cannot be 

  separated from them

• what is a functional organizational structure?

  A functional organizational structure is a structure that consists of activities such as coordination, supervision and task allocation

  specialist but slow to react due to rigid communication

  best suited as a producer of standardized goods and services at large volume and low cost
  

  
  

• 1.1.3 Specialization

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• Why great productivity increase because of division of labour?

  1. increase dextirity (behendigheid)

  2. saving transition time

  3. invention of machines

• What are setbacks for division of labour?(2)

  Cost of specialization

  There's a boundary for individual limits