MGT 200 Exam 2 WCU Questions And
Answers 2025 Update.
The purchase or production of inputs or final products from overseas suppliers to lower costs
and improve product quality or design. - Answer✔global outsourcing
Organizations that help other organizations sell their goods or services to customers -
Answer✔distributors
individuals and groups that buy the goods and services an organization produces -
Answer✔customers
Organizations that produce goods and services that are similar to a particular organization's
goods and services - Answer✔competitors
organizations that presently are not in a task environment but could enter if they so choose -
Answer✔potential competitors
factors that make it difficult and costly for an organization to enter a particular task
environment or industry - Answer✔barriers to entry
Cost advantages associated with large operations - Answer✔economies of scale
Customers' preference for the products of organizations currently existing in the task
environment. - Answer✔brand loyalty
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Interest rates, inflation, unemployment, economic growth, and other factors that affect the
general health and well-being of a nation or the regional economy of an organization. -
Answer✔Economic Forces
Knowledge that people use to make a way of life in their surroundings - Answer✔Technology
Outcomes of changes in the technology that managers use to design, produce, or distribute
goods and services - Answer✔Technological Forces
Pressures emanating from the social structure of a country or society or from the national
culture - Answer✔sociocultural forces
the tradition system of relationships established between people and groups in a society. -
Answer✔social structure
the set of values that a society considers important and the norms of behavior that are
approved or sanctioned in that society - Answer✔national culture
Outcomes of changes in, or changing attitudes toward, the characteristics of a population, such
as age, gender, ethnic origin, race, sexual orientation, and social class. - Answer✔demographic
forces
Outcomes of changes in laws and regulations, such as deregulation of industries, privatization
of organizations, and increased emphasis on environmental protection. - Answer✔political and
legal forces
Actions or processes that involve the entire world and result in making something worldwide in
scope. - Answer✔Globalization
a tax that a government places on certain imported products - Answer✔Tarrif
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