CAGE Framework Quiz

Who developed the CAGE framework?

• Michael Porter

• Pankaj Ghemawat

• Henry Mintzberg

• Peter Drucker

What does the 'C' in CAGE stand for?

• Cultural

• Commercial

• Corporate

• Competitive

Which dimension of the CAGE framework involves differences in political and legal systems?

• Economic

• Geographic

• Administrative

• Cultural

How does geographic distance affect international business?

• It determines legal regulations.

• It affects currency exchange rates.

• It influences language barriers.

• It impacts supply chain efficiency.

What is the first guideline for applying the CAGE framework?

• Monitor and adjust strategies

• Develop adaptive strategies

• Measure distance and prioritize

• Collect comprehensive data

Why is it important to collect comprehensive data when applying the CAGE framework?

• To ensure a well-informed analysis

• To simplify economic calculations

• To reduce administrative distance

• To increase geographic proximity

In the example provided, why was Canada chosen over Spain for international expansion?

• Spain has better economic conditions.

• Spain has more cultural similarities.

• Canada has lower scores in all CAGE dimensions.

• Canada has a larger population.

What is one limitation of the CAGE framework?

• It simplifies complex business dynamics.

• It offers prescriptive guidance.

• It accounts for changes over time.

• It provides specific market entry strategies.

What does the CAGE framework help businesses assess?

• The potential for technological innovation

• The differences between countries

• The effectiveness of marketing campaigns

• The quality of local partnerships

What is the primary purpose of the CAGE framework?

• To analyze domestic market trends

• To evaluate international expansion factors

• To develop new product lines

• To assess employee performance