a.
True
b.
False
ANSWER:
False
19. The industry-based view posits that the degree of competitiveness in an industry largely determines firm performance.
a.
True
b.
False
ANSWER:
False
20. The resource-based view suggests that firm-specific capabilities that differentiate successful companies from floundering ones.
a.
True
b.
False
ANSWER:
True
21. The institution-based view argues that industry- and firm-level conditions alone determine why firms differ in strategy.
a.
True
b.
False
ANSWER:
False
22. The more traditional meaning of global strategy consists of offering standardized services and products on a worldwide basis.
a.
True
b.
False
ANSWER:
True
23. The textbook’s goal is to approach global strategy as the way that both domestic firms and foreign entrants compete successfully.
a.
True
b.
False
ANSWER:
True
24. In discussions of globalization, a case can be made for both extensive cultural integration as well as the promotion of inequality.
a.
True
b.
False
ANSWER:
True
25. Although global strategy is associated with business, the term globalization can also refer to the closer integration of countries and peoples of the world.
a.
True
b.
False
ANSWER:
True
26. The earliest MNEs existed in some form thousands of years ago in the Assyrian, Phoenician, and Roman empires.
a.
True
b.
False
ANSWER:
True
27. Reverse innovation follows the traditional flow from developed to developing economies.
a.
True
b.
False
ANSWER:
False
28. During the second half of the twentieth century, Hong Kong, Singapore, South Korea, and Taiwan, refused to participate in the global economy and became known as the “Four Toothless Tigers.”
a.
True
b.
False
ANSWER:
False
29. During the 1990s there was an increase in both global trade and opposition to global trade.
a.
True
b.
False
ANSWER:
True
30. Semiglobalization involves doing business in either the Northern or Southern Hemisphere but not both.
a.
True
b.
False
ANSWER:
False
31. The recession that began in 2008 demonstrated just how interconnected the global economy had become.
a.
True
b.
False
ANSWER:
True
32. The pendulum view of globalization explains the forces that increase and decrease the extent of globalization over time.
a.
True
b.
False
ANSWER:
True
33. China in the 1970s is an example of an emerging economy.
a.
True
b.
False
ANSWER:
True
34. Standardization in markets is the main goal of semiglobalization.
a.
True
b.
False
ANSWER:
False
35. While some may argue that globalization is currently in retreat, trade in services across national boundaries, and specifically digital services, is growing.
a.
True
b.