Exam 4: Managing in a Global Environment

An example of global sourcing is seen when Gap, Inc uses low-cost Caribbean labor to cheaply produce their clothing, and then finish off and sell their clothing in the United States.

Ethnocentrism refers to a natural tendency of people to regard their own culture as superior and to downgrade or dismiss other cultural values.

Market risk is defined as the risk of loss of assets, earning power, or managerial control due to politically based events or actions by host governments.

A tendency to regard their own culture as superior and to downgrade other cultures reflects an attitude called geocentric.

The ____________________ is the single European currency that has replaced 12 national currencies.

Language, values, religion, and education all describe which dimension in the international environment?

Countries that value high power distances normally have cities that are geographically separated and so have the need to transport electrical energy over large distances.

A country's physical facilities that support economic activities make up its infrastructure.

A country that places emphasis on fairness and values kindness would be described by the Globe Project as high in ____________________.

List the four stages of globalization.

The Write Pens, Inc. wants to reduce transferring costs by producing closer to the consumer in a foreign country. This will also help in reducing transportation and storage costs. Which strategy would be the best to use given the circumstances?

The European Union has expanded to a ____-nation alliance

List three examples of a country's infrastructure.

Geocentric companies are truly world-oriented and favor no specific country.

When it comes to economic development, a currently developing country is also called a(n) ____________________.

Linguistic pluralism occurs in countries like India where more than one language exist.

Explain NAFTA.

A high-context interaction requires more time because a relationship has to be developed, and trust and friendship must be established.

Today, the number of global or stateless corporations is decreasing and the awareness of national borders is increasing.

Which of the following has a goal to guide the nations of the world toward free trade and open markets?