Exam 5: The Global Environment

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

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

A(n)____ strategy requires little initial investment,is heavily regulated,and provides little opportunity to modify products for local conditions.

Economies based on ____________________ of business that tend to let the law of supply and demand allocate resources are called market economies.

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

McDonalds operates restaurants around the world in airports.The agreement between McDonalds and the airports is a(n)

Describe the advantages and disadvantages of licensing and direct investment.

The cultural challenges of international management include

The National Football League and team owners allow shirts,hats,blankets,and many other products to be sold with team logos on them.The teams and league get a percentage of the sale.The teams have chosen to use a(n)____ strategy to generate more income.

Supervising a group of five managers,each of whom is from a different state in the United States,is likely to be much ____________________ than supervising a group of five managers,each of whom is from a different culture.

TransFair USA promotes fair trade programs so farmers in developing countries can earn high enough wages to afford adequate nutrition and basic health care.TransFair is trying to change the ____ environment of international management.

According to the text,which of the following is a factor of the political-legal environment for international managers?

A developing country in South America offers your firm a construction subsidy if you build your new plant there.This is an example of

Japanese firms give managers of their foreign operations relatively great responsibility.As a result,top executives frequently travel to the foreign operations.

The management functions that constitute the framework for this book¾____________________,____________________,____________________,and ____________________¾are just as relevant to international managers as to domestic managers.

____ is the least risky type of international business in which firms usually become involved.

Briefly describe Hofstede's five fundamental differences that can be used to characterize people in different cultures.