People who are high in ________ are willing to listen to new ideas and to change their own beliefs as a result of new information.
A) agreeableness
B) extroversion
C) openness
D) conscientiousness
Question 2
Which of the following best explains Blockbuster's failed expansion into Germany?
A) laws limiting hours of operation
B) lack of public interest in films
C) inadequate tax incentives
D) communication problems
Question 3
The crowding of a foreign market to prevent competitors' advantages is known as ________.
A) oligopolistic reaction
B) concentration strategy
C) liability of foreignness
D) a harvesting strategy
Question 4
Companies are more likely to gain advantages by locating near competitors for all the following reasons EXCEPT to ________.
A) take advantage of competitors' research to pick an ideal location
B) attract multiple suppliers and personnel with specialized skills
C) agree with competitors on production limitations
D) attract buyers who want to compare suppliers
Question 5
IKEA attempts to capture global efficiencies while remaining responsive to local conditions. IKEA follows a ________.
A) multidomestic strategy
B) home replication strategy
C) transnational strategy
D) global strategy
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