Exam 6: Managing in the Global Environment

The greater the economies of scale of an existing organization, the lower are the barriers to entry for new competitors.

A supplier's bargaining position is especially strong when:

The quality of managers' understanding of forces in the global environment and their ability to respond appropriately to those forces are critical factors affecting organizational performance.

Economic, technological, sociocultural, demographic, political, and legal forces in the general environment often have important effects on forces in the task environment that determine an organization's ability to obtain resources.

Political capital is the flow of people around the world through immigration, migration, and emigration.

Which of the following statements supports the fact that Toy Track operates in a task environment with a low barrier to entry?

Briefly describe the task environment. How do forces in the task environment impact managers?

Which of the following is true of values?

Companies that provide other organizations with input resources are known as _____.

Cost advantages associated with large operations are called economies of scale.

National culture is the traditional system of relationships established between people and groups in a society.

_____ are organizations that help other organizations sell their goods or services directly to customers.

Economic forces affect the general health and well-being of a country or world region.

The global environment is a set of forces and conditions in the world outside an organization's boundary that affect how it operates and shape its behavior.

Which of the following is true about mores?

_____ result(s) from factors such as manufacturing products in very large quantities, buying inputs in bulk, or making more effective use of organizational resources than do competitors by fully utilizing employees' skills and knowledge.

Organizations with culturally homogeneous management teams are best equipped to tailor their management systems to meet the requirements of different cultures.

Tariffs are taxes that governments impose on goods in the domestic market that are only circulated within the nation.

The free-trade doctrine predicts that if each country agrees to specialize in the production of the goods and services that it can produce most efficiently, this will make the best use of global capital resources and will result in lower prices.

Which of the following factors played an important role in speeding up globalization?