Exam 6: Managing in the Global Environment

Which of the following is true of the task environment?

An organization that is not presently in a task environment but has the resources to enter if it so chooses is called a potential:

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

The violation of folkways is a serious matter and is punishable by law.

The flow of natural resources, parts, and components between companies and countries is called human capital.

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.

Amethyst, an Italian house of high fashion, designs and creates luxury items like jewelry and hair accessories. It sells its merchandise only through Fiesta- a multinational retail store. Fiesta acts as Amethyst's _____.

What are barriers to entry? Describe in brief the three main sources from which barriers to entry result.

Discuss the four principal forms of capital that flow between countries.

Deregulation, privatization, and the removal of legal barriers to trade are examples of changing _____ forces

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

According to Hofstede, collectivist societies:

As the only store to design and sell curtains in the suburb of Oakland, the merchandise sold by Plush Parade is overpriced. Noticing this, Diana's Draperies sets up a showroom in the same suburb, reasoning that with lower prices, they would be able to attract more customers. Diana's Draperies is Plush Parade's _____.

Which of the following, according to Hofstede, is characteristic of societies with low power distance?

Define globalization and explain why the global market is becoming more open.

Jean is the CEO of Creative Tribune, an advertising firm in Winchester. Many distinctions exist between the different classes of people in her society. Most of the top managers in her organization, for example, come from the upper classes.This implies that society in Winchester has a high degree of _____.

Distributors are the individuals and companies that provide an organization with the input resources it needs to produce goods and services.

According to Hofstede, a national culture with a long-term orientation rests on values such as thrift and persistence in achieving goals.

Holly belongs to a culture which values the subordination of individuals to the group. The national culture also values personal stability and living for the present. Which of the following, according to Hofstede, is true of Holly's culture?

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