Exam 3: External Environment: Political Economic Forces

Identify and discuss the four categories of macroenvironmental forces.

The U.S.regulation that requires accuracy in product warranties is known as the

When the U.S.dollar is weak,

Economic forces include such factors as the outcomes of elections,legislation,and judicial court decisions,as well as the decisions rendered by various commissions and agencies at every level of government.

Identify three major social forces that affect a number of industries in the U.S.Discuss these effects in detail.

At the global level,the period from World War II to the late 1980s was marked by increased trade protectionism.

High inflation rates

External environmental analysis includes an examination of industry forces.

A nation's economy is considered to be in a recession when

External environmental analysis should first occur from the perspective of the organization.

Factors such as the growth or decline in GDP and changes in exchange rates are classified as

The U.S.regulation that forbids contracts which tie the sale of one product to the sale of another is known as the

Macroenvironmental forces are assessed in terms of their direct effects on a particular firm.

The U.S.regulation that prohibits monopolistic activity is known as the

High inflation has negative implications for all industries.

A recession occurs when GDP declines for

Leaders in an industry always prefer less government regulation.

A recession has negative implications for all industries.

Macroenvironmental analysis considers effects of forces on

Since the 1990s,the Chinese economy has