Exam 4: Business in a Global Economy

What would be the impact on U.S.exporters if the value of the U.S.dollar rose against the Mexican peso?

U.S importers prefer a(n)________ dollar.

One way for a country to improve its competitiveness is to invest in worker training.

All of the following are legal challenges to conducting business in a foreign country EXCEPT ________.

Cooperative arrangements between actual or potential competitors in which each partner retains its business independence are known as ________.

An example of currency ________ would be if the value of the U.S dollar rises against the Malagasy ariary (the currency of Madagascar).

American Express competes around the world by offering a customized product while simultaneously selling at the lowest possible price.The company is using a ________ strategy.

All of the following are ethical challenges to conducting business in a foreign country EXCEPT ________.

A measure that divides a worker's wages by the average productivity of that worker is unit labor cost.

The developing country of Alpha had a rule that none of its factories could be owned by companies from the developed country of Beta.If Alpha drops this rule,this would be an example of ________.

What would prompt a nation to invest in a sovereign wealth fund (SWF)?

By differentiating its products to meet unique local needs,tastes,or preferences,a company follows a multidomestic strategy.

Socioeconomic factors that must be considered by international companies include all of the following EXCEPT ________.

With a global strategy for conducting business internationally,a company competes ________.

Localization is the movement toward a more interconnected and interdependent world economy.

Describe the attitudes of economists and government leaders with regard to free trade.

Describe the two major factors that determine an international firm's strategy.

A free trade area that includes 27 independent states is the ________.

International businesses prefer ________ economies to ________ economies because the bureaucratic hassles associated with government intervention drive costs up.

Even though the nation of Lambda lost in the arbitration of a WTO trade dispute,Lambda can ignore the result because the WTO has no enforcement power.