Companies striving for global market leadership pursue strategic alliances or collaborative partnerships with foreign companies in order to:
a. revamp the global industry value chain, raise needed financial capital from foreign banks, and wage price wars against foreign competitors.
b. exercise better control over efforts to revamp the global industry value chain and combat the bargaining power of foreign suppliers.
c. exercise better control over efforts to revamp the global industry value chain, insulate a company from the impact of the five competitive forces, and use the brand names of their partners to make sales to foreign buyers.
d. increase the bargaining power of foreign suppliers and help defend against the competitive threat of substitute products produced by foreign rivals.
e. get into critical country markets quickly, gain inside knowledge about unfamiliar markets and cultures, and access valuable skills and competencies that are concentrated in particular geographic locations.
Answer: e. get into critical country markets quickly, gain inside knowledge about unfamiliar markets and cultures, and access valuable skills and competencies that are concentrated in particular geographic locations.
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Answer the following statement(s) true (T) or false (F)
1. When a wholesaler needs to cut costs, they may find that asking other partners in the supply chain to conduct fabric testing may be cheaper than doing it themselves. 2. The best way to improve factory efficiency regarding materials is to ask the management to install CCTV cameras in the cutting room and materials room and review the tapes. 3. Apparel production is labor intensive, so wholesalers, in order to compete, continue to seek sources of production from facilities in those parts of the world where wages are the lowest 4. Products that are priced to match competitors' pricing is called 'market penetration pricing'. 5. Licensing is a contract to pay for use of a name or logo on a product.
World War I caused the suspension of the gold standard for fixed international exchange rates because the war:
A) cost too much money. B) interrupted the free movement of gold. C) lasted too long. D) used gold as the main ingredient in armament plating.