IMS 3310 Exam 1 Review || with 100% Correct Answers.
controllable forces correct answers internal forces that management administers to adapt to
changes in the uncontrollable forces
i.e., Factors of production (capital, raw materials, people) and activities of the organization
(human resources, finance, production, and marketing)
uncontrollable forces correct answers the external forces that management has no direct control
over; can exert influence. External forces consist of the following:
1) Competitive: kinds and number of competitors, their locations, and their activities
2) Distributive: national and international agencies available for distributing goods and services
3) Economic: variables that influence a firm's ability to do business (gross national income, unit
labor cost, personal consumption expenditure)
4) Socioeconomic: characteristics and distribution of human population
5) Financial: interest rates, inflation, taxation
6) Legal: foreign and domestic laws governing how international firms must operate
7) Physical: elements of nature like topography, climate, natural resources
8) Political: nationalism, forms of government, international organizations
9) Sociocultural: elements of culture like attitude, belief, and opinions
10) Labor
11) Technological
drivers of globalization correct answers 1) Political drivers: (1) the progressive reductions of
barriers to trade and foreign investment by most governments, which is hastening the opening of
new market by international firms that are both exporting to them and building production
facilities in them and (2) the privatization of much of the industry in formerly communist nations
and the opening of their economies to global competition
, 2) Technological drivers: advances in computers and communications technology are permitting
an increased flow of ideas and information across borders, enabling customers to learn about
foreign goods.
-Cable and satellite tv systems allow advertisers to reach numerous countries simultaneously
creating regional and global demand.
-Internet and network computing enable small companies to compete globally because they make
possible the rapid flow of information regardless of physical location of buyer/seller; internet
videoconferencing
-Computer-based communications allow virtual integration
3) Market drivers: service companies will establish foreign operations in markets where their
principal accounts are located, to prevent competitors from gaining access to accounts
-Managers always under pressure to increase sales + profits and will begin to search for new
markets outside the home country and find that (1) markets with a rising GDP per capita and
population growth appear to be viable candidates for their operations (2) the economies of some
nations where they are not doing business are growing at a considerably faster rate than is the
economy of their own market
4) Cost drivers: going abroad can lower cost of goods sold
-Globalize product lines to reduce development, production, and industry costs
-Management can move production or other value chain to countries where costs are lower
-Inducements: reduced taxes or subsidies
apple article key points correct answers
paris accord correct answers
china's one belt, one road correct answers
understand to notion of china and the U.S. and their co-dependency. what does this mean?
correct answers Both nations benefit. China gets a huge market for its export products, and the
U.S pays low prices for China's goods. If china sold some of its U.S debt, an excess supply of
U.S dollars would reduce the dollar's value and make the RMB appreciate. China's products
controllable forces correct answers internal forces that management administers to adapt to
changes in the uncontrollable forces
i.e., Factors of production (capital, raw materials, people) and activities of the organization
(human resources, finance, production, and marketing)
uncontrollable forces correct answers the external forces that management has no direct control
over; can exert influence. External forces consist of the following:
1) Competitive: kinds and number of competitors, their locations, and their activities
2) Distributive: national and international agencies available for distributing goods and services
3) Economic: variables that influence a firm's ability to do business (gross national income, unit
labor cost, personal consumption expenditure)
4) Socioeconomic: characteristics and distribution of human population
5) Financial: interest rates, inflation, taxation
6) Legal: foreign and domestic laws governing how international firms must operate
7) Physical: elements of nature like topography, climate, natural resources
8) Political: nationalism, forms of government, international organizations
9) Sociocultural: elements of culture like attitude, belief, and opinions
10) Labor
11) Technological
drivers of globalization correct answers 1) Political drivers: (1) the progressive reductions of
barriers to trade and foreign investment by most governments, which is hastening the opening of
new market by international firms that are both exporting to them and building production
facilities in them and (2) the privatization of much of the industry in formerly communist nations
and the opening of their economies to global competition
, 2) Technological drivers: advances in computers and communications technology are permitting
an increased flow of ideas and information across borders, enabling customers to learn about
foreign goods.
-Cable and satellite tv systems allow advertisers to reach numerous countries simultaneously
creating regional and global demand.
-Internet and network computing enable small companies to compete globally because they make
possible the rapid flow of information regardless of physical location of buyer/seller; internet
videoconferencing
-Computer-based communications allow virtual integration
3) Market drivers: service companies will establish foreign operations in markets where their
principal accounts are located, to prevent competitors from gaining access to accounts
-Managers always under pressure to increase sales + profits and will begin to search for new
markets outside the home country and find that (1) markets with a rising GDP per capita and
population growth appear to be viable candidates for their operations (2) the economies of some
nations where they are not doing business are growing at a considerably faster rate than is the
economy of their own market
4) Cost drivers: going abroad can lower cost of goods sold
-Globalize product lines to reduce development, production, and industry costs
-Management can move production or other value chain to countries where costs are lower
-Inducements: reduced taxes or subsidies
apple article key points correct answers
paris accord correct answers
china's one belt, one road correct answers
understand to notion of china and the U.S. and their co-dependency. what does this mean?
correct answers Both nations benefit. China gets a huge market for its export products, and the
U.S pays low prices for China's goods. If china sold some of its U.S debt, an excess supply of
U.S dollars would reduce the dollar's value and make the RMB appreciate. China's products
