Exam 4: Managing in the Global Environment

Which of the following statements accurately defines brand loyalty?

If it is difficult and costly to enter a task environment, then for companies already within a task environment or industry,

Building customer awareness of the newcomer's product is very costly in the face of which of the following sources of barriers to entry?

Charlotte, a vice president at a tool-and-die manufacturer, wants to outsource the company's manufacturing. Which of these actions should Charlotte take to accomplish that goal?

In a fast-developing country, the government uses taxation and programs to improve the welfare of the least fortunate. This country is an example of low power distance because

Victoria quits her job managing an independently owned restaurant to take a new job managing a chain of restaurants. She discovers that, because her new employer buys so much food and so many other supplies, the cost per item is much less. These cost advantages are the result of

Val comes from a culture that values equality, works for the improvement of the welfare of the less fortunate, and values warm personal relationships more than goal achievement. Val's culture has

What are technological forces? Explain their implications for managers and organizations. Then provide an example of how technological forces changed management in one industry. Your example can be based on your own experience or on something you have read or seen in news media.

When workers in a society become wealthy and pass their wealth to their children, thereby increasing the gap between the rich and the poor in that society, the society is said to have high

Economies of scale result from actions such as

In the drug manufacturing industry, Gateway Labs is a company operating at massive economies of scale in the production of many drugs. Thus, a potential entrant into the industry will have a

One of the reasons that world trade has increased so dramatically is that tariff barriers have

The degree to which people in a society accept the idea that inequalities in the well-being of its citizens are due to differences in people's physical and intellectual capabilities is known as

The barriers to entry result from three sources. Explain in brief the three sources.

The society of the nation of Atlantis has commonly accepted laws against driving while intoxicated, and violations of those laws bring severe penalties. This is an example of which type of norm?

A firm that has not traditionally been a competitor of EcoPro suddenly creates a new type of product that makes EcoPro products obsolete. This is an example of

Pentathlon Ltd. and New Image Fitness both specialize in designing bikes for triathletes in the North American market. Thus, each company would see the other as a

Max is interviewing for a management job with an international manufacturer. One of the interviewers asks him whether he would rather focus on the task environment or the general environment in this management position. Which of these is the best answer for Max to give?

Dinesh manages a division of a sporting goods manufacturer. He attends a conference and receives advice from four experienced managers. Based on what you have read, which of the following pieces of advice should Dinesh take?

The norms of a society are written rules of codes of conduct that tell people how they are supposed to act in given situations.