Reference no: EM132213084

1. Which of the following is a statement about country-specific advantages (CSAs) rather than firm-specific advantages (FSAs)? Select the BEST answer.

A) "I like iPhone because I enjoy using Siri to control my phone, plus it always has cool designs from Apple"

B) "I like buying things in Walmart, because many of them are made in third-world countries, and thus cheap."

C) "I like Lenovo Thinkpad, because it combines the red-dot in the middle of the keyboard that you can use as a mini-mouse, and many key features that were only available from the traditional IBM models"

D) "I like Disney movies because the values, life styles, and the imaginations they capture make me and my children happy"

2. Which of the following is a statement about firm-specific advantages (FSAs) rather than country-specific advantages (CSAs)? Select the BEST answer.

A) "Nissan sedans are popular, because they combine gas efficiency and comfort, and also very affordable, like most Japanese cars."

B) "BMW SUVs are very popular in the south, because they combine high-quality, speed engine, great interior design, and gas efficiency. These are great features you can only find in a Germany luxury car.

C) "Louis Vutton lady bags are popular, because they are designed and handmade in Paris -- the fashion capital of the world."

D) "Louis Vutton lady bags are popular, because the classy patterns and the texture of the touch."

3. Which of the following markets would MOST LIKELY locate inside the FSA boundaries of WalMart?

A) Trade unions in many developing countries boycott foreign imports, because they try to protect local suppliers.

B) Consumers in many Asian countries rarely shop in foreign-branded supermarkets. If they do, they prefer high-quality, even pricy stuff. Very often, they just want to feel better by using foreign-made products as if they symbolize their socioeconomic status.

C) Our country over the years has developed a growing pool of talents working in logistics, IT, and data analytics to enable modern supply chain management.

D) Consumers are very sophisticated, as they try to go to specialized stores for different categories of shopping.

4. Which of the following is LEAST sensitive to consumer elasticity to price?

A) Diversity and wide range of shopping choices

B) Hiring non-unionized employees

C) Economy of scale to bargain for a large-volume of standardized products

D) Every day low price policy