Exam 4: Assessing the Environment

Wal-Mart provides Procter & Gamble (P&G) with daily information on what is selling in which stores. P&G, in return, restocks Wal-Mart's shelves as needed. Wal-Mart achieves greater sales and a reduction in inventory carrying costs. This is an illustration of ______________.

Which of the following is not a goal of the American Association of Retired Persons?

Nintendo teamed up with electronics giant ___________ to launch a machine that played variations of Pong.

_______________ is a more nurturing, people-oriented approach to life.

Which of the following is least important to new workers entering the job market?

Borderless competition is creating challenges for distributors and geographic borders.

Competitors are the single most important day-to-day force facing organizations.

Canada and the United States are examples of countries with __________.

In the late 1990s, technology had a profound impact on the distribution strategies of companies. Which of the following is not an example of how technology has changed the distribution of goods and services?

Nestlé and Coca-Cola collaborated whereby both firms have benefited from using each other's distribution channels and marketing programs. Nestlé and Coca-Cola are utilizing the __________ strategy.

Organizations in any industry are directly affected by at least five competitive forces: competitors, new entrants, substitute goods and services, customers, and suppliers.

There are many societies that rank high in power distance as a cultural value dimension. All of the following rank high in power distance except .

Courtney Massey has applied for a MBNA America credit card. By law, the credit grantor must reveal the "true" cost of using the credit, including the annual interest rate that will be assessed. This law is known as the Act.

Alliances, especially those created to influence government actions, typically form around issues of social self-interest.

The City of Calgary showed environmental awareness in its installation of low wattage streetlights, which was a result of __________.

After a drug has been approved, the Food and Drug Administration (FDA) continues to monitor the drug and may require additional testing or removal of the drug from the marketplace, which could cost a company billions of dollars. This is an example of __________ that can affect the profitability of firms in an industry.

In 2005, nearly 60 percent of Sony's profits were from sales of hardware and its latest video game console, ______________.

As the watch industry moved from mechanical to electronic watches, Timex didn't change its strategy and continued to build watches that relied on older technology. This is an illustration of technology's role in manufacturing.

The knowledge, tools, techniques, and actions used to transform ideas, information, and materials into finished goods and services is known as .

Product differentiation is achieved when increased volume lowers the unit cost of a good or service produced by a firm.