Exam 8: Global Management

What trend has allowed companies to skip the phase model when going global?

Before the Japanese government announced that Japanese snow was different from all other snow and required that all snow equipment marketed in the country be made in Japan for safety reasons,several companies from the United States and Europe had marketed their snow equipment in Japan.Which of the following influences on global business is the elimination of non-Japanese companies from the Japanese market an example of?

According to Hofstede,if people in a culture are oriented to the present and seek immediate gratification,how should their culture be described?

Identify the two basic types of political risk facing organizations when conducting global business.Which one is more common?

Identify and discuss the basic components of an attractive business climate.Also comment on the extent to which a fast-food restaurant franchise might make a different assessment of relevant factors than would a capital-intensive business,such as an oil refinery and pipeline company.

What is the term for the set of shared values and beliefs that affects the perceptions,decisions,and behaviour of the people from a particular country?

Much of China's sweater production comes from the city of Honghe.Half of the city's population produces 200 million sweaters that are distributed around the world.What does China use to distribute these sweaters?

Which of the following factors helps a company determine the growth potential of a foreign market?

Which of the following approaches tends to be most important to making an international business successful in any given country?

The Japanese government has proclaimed that its snow is different from that found in any other region of the world.As a result,all snow skis marketed in Japan must be manufactured in Japan.What is this an example of?

In which method does a company build a new business or buy an existing business in a foreign country?

During the 1990s,trade agreements were developed on the worldwide and regional levels.Briefly describe a regional trade agreement and a worldwide trade agreement.

What is the primary disadvantage of using wholly owned affiliates as the means of entering a foreign market?

The European Union (EU)bans the importation of hormone-fed U.S.beef and bioengineered corn and soybeans on safety grounds although Americans eat this food every day.This ban is in place so consumers in the EU will buy domestic beef and products made from domestically produced corn and soybeans.What is this ban an example of?

What are the two types of political risk that affect companies conducting global business?

According to Hofstede's research on cultural dimensions,which kind of culture emphasizes the importance of relationships,modesty,caring for the weak,and quality of life?

Narrative 8-1 India has the fastest-growing demand for consumer products in the world. In recent years, Coca-Cola attempted to enter the Indian market once again. Coca-Cola's first attempt to enter the Indian market a decade earlier was grossly mismanaged, which led to the company losing 20 billion Indian rubles. In that first attempt, Coca-Cola purchased Thumbs Up, the leading India-based carbonated soft drink. The company hoped to replace Thumbs Up with Coke while maintaining the Thumbs Up distribution strategy. For its return to the market, Coca-Cola built five plants, cut costly staff, revamped transport, shrunk bottles, and made the bottles lighter to increase a truck's carrying capacity. It also increased its number of distributors and dumped a global advertising campaign that proved irrelevant to the Indian market. -Refer to the Narrative 8-1.To increase distribution,Coca-Cola provided the financing needed for the retailers to purchase refrigeration units,and the refrigeration manufacturer gave deep price discounts.What type of agreement did Coca-Cola enter into with this manufacturer?

Robert Mondavi Wineries entered into an agreement with Baron Philippe de Rothschild,owner of Bordeaux's First Growth chateau,to produce a top quality wine in California.What does the two companies working together to create a new product exemplify?

The signing of which of the following created a regional trading zone?

What are the two general kinds of trade barriers?