Exam 5: Navigating the Global Environment

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Define the term infrastructure . Compare and contrast high-potential/high-growth countries, oil-exporting countries, and mature market economies in terms of their infrastructures.

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To effectively plan and make decisions in a global economy, managers need to understand local market conditions and technological factors that will affect their operations.

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During a recession what incentives do governments provide for international trade?

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The education system is not part of the infrastructure of a country.

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People in cultures with ____________________ are stimulated by change and thrive on new opportunities.

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Every country and indeed many regions within any given country are unique.

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The oil-exporting countries present mixed models of all of the following EXCEPT

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Coca-Cola is based out of Atlanta but reaches into hundreds of countries. The product is locally packaged, but the cola inside is essentially the same throughout the world. Coca-Cola is edging closer to being a(n) ____ business.

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Germany is a mature market economy. One major problem GE expected to face when it began operating in Germany was

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What challenges does a manager face in a global economy that she would not face in a domestic one?

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Which of the following statements about maquiladoras is FALSE?

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The international economic environment has three elements. What are they?

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A business that acquires all of its resources and sells all of its products or services within a single country is a(n) ____________________.

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A disadvantage of importing/exporting is

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Rest stops in New Jersey have Burger King restaurants. The NJ Transit Authority and Burger King use a(n) ____ strategy.

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Which of the following statements about medium-sized international business organizations is TRUE?

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A strategic alliance and a joint venture are the same thing.

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____ strategy is considered the highest level of involvement in international business.

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U.S. managers have the least difficulty operating in ____ economies.

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A country's minerals, oil and forests are a part of the ____________________ environment.

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