MBA 755 Ch 14 Module 7 Exam Questions With
Complete Answers
offshoring - ANSWER When a business relocates or moves some or part of its operations
to another country
Outsourcing - ANSWER involves contracting with another company (onshore or
offshore) to perform some business-related task.
domestic market - ANSWER one in which a product or service is sold only within the
borders of that country
international market - ANSWER one in which a company may find that it has saturated
the domestic market for the product, so it seeks out this market in which to sell its
product.
Since this type of market use their existing resources to expand, they do not respond to
local markets as well as a global organization
global organization - ANSWER one in which a product is being sold globally, and the
organization looks at the world as its market. The local responsiveness is high
multinational - ANSWER a company that produces and sells products in other markets,
unlike an international market in which products are produced domestically and then
sold overseas
transnational - ANSWER company is a complex organization with a corporate office, but
the difference is that much of the decision-making, research, and development, and
marketing is left up to the individual foreign market
The advantage of this type of company is the ability to respond locally to market
, demands and needs. The challenge in this type of organization is the ability to integrate
the international offices
Characteristics of a global market - ANSWER centrally controlled operations
no need for home office integration, since home offices make all decisions
views the world as its market
low market responsiveness, since it is centrally controlled
Transnational - ANSWER foreign offices have control over productions, markets
integration with home office
high local responsiveness
International - ANSWER Centrally controlled
no need for home office integration, as home office makes all decisions
uses existing production to sell products overseas
low market responsiveness
Multinational - ANSWER Foreign offices are viewed as subsidiaries
home office still has much control
high local responsiveness
trade agreement - ANSWER an agreement between two or more countries to reduce
barriers to trade.
For example, the European Union consists of twenty-seven countries (currently, with
five additional countries as applicants) with the goal of eliminating trade barriers
transnational scope - ANSWER means that HRM decisions can be made based on an
international scope; that is, HRM strategic decisions can be made from the global
Complete Answers
offshoring - ANSWER When a business relocates or moves some or part of its operations
to another country
Outsourcing - ANSWER involves contracting with another company (onshore or
offshore) to perform some business-related task.
domestic market - ANSWER one in which a product or service is sold only within the
borders of that country
international market - ANSWER one in which a company may find that it has saturated
the domestic market for the product, so it seeks out this market in which to sell its
product.
Since this type of market use their existing resources to expand, they do not respond to
local markets as well as a global organization
global organization - ANSWER one in which a product is being sold globally, and the
organization looks at the world as its market. The local responsiveness is high
multinational - ANSWER a company that produces and sells products in other markets,
unlike an international market in which products are produced domestically and then
sold overseas
transnational - ANSWER company is a complex organization with a corporate office, but
the difference is that much of the decision-making, research, and development, and
marketing is left up to the individual foreign market
The advantage of this type of company is the ability to respond locally to market
, demands and needs. The challenge in this type of organization is the ability to integrate
the international offices
Characteristics of a global market - ANSWER centrally controlled operations
no need for home office integration, since home offices make all decisions
views the world as its market
low market responsiveness, since it is centrally controlled
Transnational - ANSWER foreign offices have control over productions, markets
integration with home office
high local responsiveness
International - ANSWER Centrally controlled
no need for home office integration, as home office makes all decisions
uses existing production to sell products overseas
low market responsiveness
Multinational - ANSWER Foreign offices are viewed as subsidiaries
home office still has much control
high local responsiveness
trade agreement - ANSWER an agreement between two or more countries to reduce
barriers to trade.
For example, the European Union consists of twenty-seven countries (currently, with
five additional countries as applicants) with the goal of eliminating trade barriers
transnational scope - ANSWER means that HRM decisions can be made based on an
international scope; that is, HRM strategic decisions can be made from the global
