MGT 200 Exam 2 WCU Prof. Dizengoff Questions and Answers

global outsourcing - ANSWER The purchase or production of inputs or final products from overseas suppliers to lower costs and improve product quality or design. distributors - ANSWER Organizations that help other organizations sell their goods or services to customers customers - ANSWER individuals and groups that buy the goods and services an organization produces competitors - ANSWER Organizations that produce goods and services that are similar to a particular organization's goods and services potential competitors - ANSWER organizations that presently are not in a task environment but could enter if they so choose barriers to entry - ANSWER factors that make it difficult and costly for an organization to enter a particular task environment or industry economies of scale - ANSWER Cost advantages associated with large operations brand loyalty - ANSWER Customers' preference for the products of organizations currently existing in the task environment. Economic Forces - ANSWER 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.