Exam 4: Managing in the Global Environment

In the context of the global general environment, which of the following accurately defines economic forces?

Societies that are high on uncertainty avoidance, such as the United States, value diversity and tolerate differences between people in their actions.

When new competitors enter an industry, prices in the industry typically increase.

The higher the barriers to entry in an industry, the more difficult it is to enter the task environment of that industry.

If it is difficult and costly to enter a task environment, then for companies already within a task environment or industry ________.

What is a tariff? Explain the reason for removing tariffs and the effects of governments raising tariff barriers.

List and explain the principal forms of capital flow between countries.

The collection of values that a society considers important and the norms of behavior that are approved by the society are known as ________.

In a society, a folkway violation can lead to serious retribution.

For a company planning to enter a task environment or industry, the greater the economies of scale within that task environment, ________.

With Dell Computer, the actions of suppliers, distributors, customers, and competitors affect their managers' ability to obtain resources and dispose of outputs, and thus, have a significant impact on Dell's ________.

Today in most industrialized nations, as a consequence of falling birth and death rates, the absolute number of older people has increased substantially. This is an example of ________ change.

In countries that are rooted in a culture of collectivism it is easy to spot ________.

If a society believes that self-expression is important to the people in that society, then the society is said to value ________.

In the United States individualism is highly valued, and in Japan individuals are expected to conform to group expectations. The two countries differ in terms of their ________ force.

The government uses taxation and social welfare programs to reduce inequality and improve the welfare of the least fortunate in ________ countries.

Karen, an executive at Brandon's Department Store, finds that the median age of the population in the chain's region is increasing by about three years every decade. This is an example of which type of force in the general environment?

The norms of a society are written rules of codes of conduct that tell people how they are supposed to act in given situations.

Customers repeatedly choose to purchase Max Drive products instead of several less expensive substitutes produced by competitors. We can thus attribute a high level of ________ to Max Drive.

Vlanco Electronics and Highway Computers both make laptop computers in the same price range for the European market. Thus each would see the other as a ________.