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Question
Whirlpool, a leading U.S. maker of household appliances, has a wholly owned subsidiary that is responsible for R&D, manufacturing, and sales in over two dozen European countries, from Norway to Greece. What are some of the potential advantages that Whirlpool may gain from its use of a wholly owned subsidiary for global expansion? What are some of the potential disadvantages?Answer
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Related questions
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Which form of control was transmitted by Walt Disney?
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b) Control through norms and values
c) Financial control through accurate financial statements
d) Output control
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Standardization is employed to squeeze out costs in manufacturing. Standardization may be achieved through standardization of
a) inputs.
b) work processes.
c) outputs.
d) both work processes and outputs.
e) inputs, conversion activities, and outputs.
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The two main innovations in a multidivisional structure (over a functional or product structure) are
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b) a product structure at the divisional level and a functional structure at the corporate level.
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d) self-contained divisions with operating responsibility and a group of divisional managers with collective strategic responsibility.
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As new, small firms grow and mature, which structure are they likely to choose?
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_______________ provides the vehicle through which managers can coordinate the activities of a company's various functions, divisions, and business units to take advantage of their skills and competencies.
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a) Economic forces
b) Social forces
c) Embryonic forces
d) Political forces
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The threat from new entrants is greatest in the _________ stage of the industry life cycle.
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In growth industries,
a) replacement demand is increasing rapidly.
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d) distribution channels are poorly developed.
e) buyers are familiar with the industry's product.
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Which of the following is not a determinant of the extent of rivalry among established companies?
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The bargaining power of suppliers is the ability to raise the price of inputs or to raise the costs of the industry in other ways.
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Exit barriers are the economic, strategic, and emotional factors that prevent companies from leaving an industry.
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Many fragmented industries are characterized by low entry barriers and commodity-type products that are hard to differentiate.
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Absolute cost advantage is enjoyed by incumbents in an industry and that new entrants cannot expect to match.
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Michael Porter argues that the stronger each of the five forces, the more limited the ability of established companies to raise prices and earn greater profits.
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c) TQM.
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