Exam 5: Navigating the Global Environment

Importing involves merchandise but not services.

In which country do people tend to exhibit relatively aggressive goal behavior?

The management functions that constitute the framework for this book   ____________________, ____________________, ____________________, and ____________________ ⎯ are just as relevant to international managers as to domestic managers.

A regional currency crisis slowed growth in the late 1990s in the market system of  ____________________.

In contrast to MNCs, medium-size organizations doing business abroad are much more selective about the markets they enter.

Briefly describe the opportunities and problems associated with operating a business in the Middle Eastern oil-exporting countries.

A U.S. recording company that wanted to take advantage of the fact that European teens love everything American would find it difficult to get its music played on French radio stations. French stations are required to play at least 40 percent French-made music. This requirement indicates one way that the ____ environment challenges international management.

The National Football League and team owners allow shirts, hats, blankets, and many other products to be sold with team logos on them. The teams and league get a percentage of the sale. The teams have chosen to use a(n) ____ strategy to generate more income.

The U.S. government became the majority shareholder in GM. The U.S. was moving away from a ____ economy.

Licensing is the easiest way of entering a new market.

A(n) ____ business transcends national boundaries and is not committed to a single home country.

High-potential/high-growth economies have been relatively underdeveloped and immature and, until recently, were characterized by weak industry, weak currency, and relatively wealthy consumers.

Packaging for rice should be green because all countries think green is healthy.

As a manufacturing firm builds a plant in Bolivia, it also has to build an airstrip so that it can get the building supplies and the component parts it needs for operation to the Bolivian facility. The building of the airstrip was necessary because Bolivia has

International licensing agreements involve regulations for truckers transporting products between countries.

Political instability and tremendous cultural differences combine to make doing business in many parts of the ____________________ both very risky and very difficult.

Why is the European Union significant to the United States and the global economy?

A country's culture includes all the values, symbols, beliefs, and language that guide behavior.

In Japan, apples are very expensive and  traditionally  are presented as gifts. Each apples is grown with wrapping to prevent insects and to ensure perfect color. When Washington Apples wanted to export to Japan, it faced ____ barriers.

One of the primary challenges facing those who would like to enter a high-potential/high-growth economy is