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B&E 201, exam 1 material Questions and Correct Detailed
Answers (Verified Answers)
Companies that are pursuing a competitive advantage seek to
Ans: create an innovative product, provide a unique service, & forge a culture that is
not easily replicated.
Which of these are considered global forces on businesses?
Ans: military alliances
immigration policies
environmental regulations
What are the characteristics of business competitors?
Ans: they need similar resources for their products or services
they sell similar products or services
How do wars, epidemics of disease, and changes in the environment affect global
business?
Ans: they lead to worldwide panic
pg. 1
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What type of factors are at work when the U.S. Environmental Protection Agency
enforces a new regulation requiring businesses to meet more stringent population
standards?
Ans: political
-Political forces refer to the regulations and laws that businesses must abide by to
stay in business and out of trouble.
High volatility in the exchange rate between 2 countries has made trade between
them difficult. What type of force in the business environment is this an example of?
Ans: global
-Global forces refer to factors related to the global business environment, such as
trade pacts, currency exchanges, and immigration policies.
What is associated with restricting how much companies can invest in initiatives and
how much profit is retained in the business?
Ans: high tax rates of businesses
-Higher tax rates tend to reduce the amount of money companies can invest or
retain.
The government influences the business cycle primarily by controlling
pg. 2
, Click here- Nclex - Stuvia US
Ans: fiscal policy.
What are global forces that impact businesses around the world?
Ans: -fluctuations in currency exchange rates
-trade agreements
-military alliances
What is the impact on businesses when global forces increase national instability?
Ans: international business becomes more risky
Labor laws, elections, & bank regulations are all examples of ____________________
forces that affect businesses.
Ans: political
What effect do trade tariffs have on businesses?
Ans: They can help protect domestic businesses from foreign competition.
pg. 3
B&E 201, exam 1 material Questions and Correct Detailed
Answers (Verified Answers)
Companies that are pursuing a competitive advantage seek to
Ans: create an innovative product, provide a unique service, & forge a culture that is
not easily replicated.
Which of these are considered global forces on businesses?
Ans: military alliances
immigration policies
environmental regulations
What are the characteristics of business competitors?
Ans: they need similar resources for their products or services
they sell similar products or services
How do wars, epidemics of disease, and changes in the environment affect global
business?
Ans: they lead to worldwide panic
pg. 1
, Click here- Nclex - Stuvia US
What type of factors are at work when the U.S. Environmental Protection Agency
enforces a new regulation requiring businesses to meet more stringent population
standards?
Ans: political
-Political forces refer to the regulations and laws that businesses must abide by to
stay in business and out of trouble.
High volatility in the exchange rate between 2 countries has made trade between
them difficult. What type of force in the business environment is this an example of?
Ans: global
-Global forces refer to factors related to the global business environment, such as
trade pacts, currency exchanges, and immigration policies.
What is associated with restricting how much companies can invest in initiatives and
how much profit is retained in the business?
Ans: high tax rates of businesses
-Higher tax rates tend to reduce the amount of money companies can invest or
retain.
The government influences the business cycle primarily by controlling
pg. 2
, Click here- Nclex - Stuvia US
Ans: fiscal policy.
What are global forces that impact businesses around the world?
Ans: -fluctuations in currency exchange rates
-trade agreements
-military alliances
What is the impact on businesses when global forces increase national instability?
Ans: international business becomes more risky
Labor laws, elections, & bank regulations are all examples of ____________________
forces that affect businesses.
Ans: political
What effect do trade tariffs have on businesses?
Ans: They can help protect domestic businesses from foreign competition.
pg. 3
