L2 recap quiz IHRM

What is typically the initial stage for manufacturing firms entering international operations?

• Import

• Export

• Joint Venture

• Licensing

What approach involves staffing the sales subsidiary from its HQ using parent country nationals?

• Polycentric approach

• Geocentric approach

• Ethnocentric approach

• Regiocentric approach

Which of the following is an example of a country-specific factor?

• Globalization

• Language

• International law

• Digitalization

What is one method mentioned for a firm to produce overseas?

• Establishing foreign production facilities

• Increasing domestic workforce

• Reducing product prices

• Focusing on online sales

What is a potential outcome of creating a separate international entity?

• Improved coordination between subsidiaries and HQ

• Increased domestic competition

• Simplified product offerings

• Reduced need for marketing

What is a possible relationship between HR managers in international divisions?

• Contact regarding staffing issues

• Collaboration on product design

• Coordination of marketing campaigns

• Management of financial accounts

What is the significance of the international division in a firm's global strategy?

• It represents a key stage in internationalisation

• It focuses on domestic market expansion

• It reduces the need for local partnerships

• It simplifies product distribution

What is the purpose of outsourcing/offshoring in non-equity alliances?

• To increase local employment

• To take advantage of lower costs overseas

• To reduce international trade

• To increase domestic production

What is a joint venture in the context of cross-border alliances?

• A non-equity alliance

• A type of equity model

• A form of subcontracting

• A domestic partnership

In a merger, what is the relationship between the partners?

• One is dominant

• They are equal

• One is a subsidiary

• They are competitors