Question

Each one has two answers

In the context of international firm expansion, local adaptation refers to
A. Customization of products and processes to local needs
B. Increase of responsiveness to changing local needs
C. Changing local laws and norms to better serve corporate needs
D. Changing global processes and standards to better serve local needs

In the context of international firm expansion, global standardization refers to
A. Developing and implementing global product/process standards across firm
B. Developing and implementing global product/process standards across industries.
C. Standardizing products and/or processes within the firm across borders
D. Applying new product and/or process innovations globally

Global outsourcing (or offshore outsourcing) means
A. Relocating tasks/processes to firm operations outside the home country
B. Relocating tasks/processes to external vendors outside the home country
C. Outsourcing tasks/processes to external vendors that operate across the globe
D. Outsourcing tasks/processes outside the home country

In the context of international business, offshoring implies
A. Sourcing tasks/processes from outside the home country
B. Setting up operations abroad to mainly serve foreign markets
C. Sending domestic staff abroad to mainly serve foreign operations
D. Hiring staff abroad to mainly serve global and/or domestic operations

In business contexts, (process) commoditization refers to
A. Standardization of firm-specific processes across products
B. Standardization of industry-specific processes across firms
C. Standardization of processes across products, firms and/or industries
D. Making processes less specific to particular products, firms and/or industries

Answer 1

Question :- In the context of international firm expansion, local adaptation refers to
Correct Answer:- A. Customization of products and processes to local needs
B. Increase of responsiveness to changing local needs

Reason:- Local adaptation simply means accommodating the needs and wants of the local consumers so that they can be served better.

Question:- In the context of international firm expansion, global standardization refers to

Correct Answer:- A. Developing and implementing global product/process standards across firm

C. Standardizing products and/or processes within the firm across borders

Reason:- In case of global standardization, the same product or process is adopted in the entire organization across the borders.

Question:- Global outsourcing (or offshore outsourcing) means

Correct Answer:- B. Relocating tasks/processes to external vendors outside the home country

C. Outsourcing tasks/processes to external vendors that operate across the globe

Reason:- Global outsourcing is a practice of reducing the cost of production by outsourcing the processes to an external vendor.

Question:- In the context of international business, offshoring implies

Correct Answer:-Sourcing tasks/processes from outside the home country

1. D. Hiring staff abroad to mainly serve global and/or domestic operations

Question- In business contexts, (process) commoditization refers to

Correct options:-

C. Standardization of processes across products, firms and/or industries
D. Making processes less specific to particular products, firms and/or industries