macellen education agencies

Globalization correct answersthe process by which businesses or other organizations develop international influence or start operating on an international scale. Globalization of Markets correct answersMoving away from an economic system in which national markets are distinct entities, isolated by trade barriers and barriers of distance, time, and culture, and toward a system in which national markets are merging into one global market. Globalization of Production correct answersTrend by i...

Porter's Strategy theory correct answersFirms need: 1. Strategy 2. Operations 3. Organization Strategy correct answerswhere V&C is balanced and support strategic choice Operations correct answersconfigure operations to support position Organization correct answershave correct organizational structure to execute strategy Porter's Two Strategies correct answers1. low cost strategy 2. differentiation strategy low cost strategy correct answerscompany creates more value by lo...

globalization correct answerstrend away from distinct national economic units and toward one huge global market globalization of markets correct answersmoving away from an economic system in which national markets are distinct entities, isolated by trade barriers and barriers of distance, time, and culture, and toward a system in which national markets are merging into one global market globalization of production correct answerstrend by individual firms to disperse parts of their producti...

To maximize profitability, firms must (3) correct answers1) Pick a position on the PPF curve with good demand 2) Align internal positions with position on PPF 3) Align organization structure with PPF Operations correct answersValue chain of distinct activities 2 Types of Operations correct answersPrimary- R&D, production, marketing, customer service Support- logistics, hr, infrastructure Organizational structure correct answers1) Formal division of organization 2) Location of decisi...

Under the free market view, countries should specialize in the production of those goods and services that they can produce most efficiently correct answersTrue Walmart's move into Japan is considered to be correct answersHorizontal FDI An industry composed of a limited number of large firms correct answersoligopoly According to internalization theory, licensing has three major drawbacks as a strategy for exploiting foreign market opportunities. Each of the following is a drawback of...

timing of entry correct answersentry is early when a firm enters a foreign market before other foreign firms and late when a firm enters after other international businesses have established themselves. first-mover advantages correct answersaccruing to the first to enter a market. includes technology leadership, control of resources, and buyer switching costs. first-mover disadvantages correct answersassociated with entering a foreign market before other international businesses. includes ...

Social Media can affect a business's? correct answersStock price, Reputation, and Revenue Did Google behave unethically by accepting the Project Maven contract? correct answersyes or no Is Apple ethically responsible for what happens at Foxconn? correct answersyes or no Global leaders must be able to: correct answers-See different cultural contexts. -Adjust to different cultural contexts. -Adjust to some local practices while challenging the status quo in other areas. True or Fa...

Globalization correct answersThe shift toward a more integrated and interdependent world economy. Globalization of Markets correct answersThe merging of historically distinct and separate national markets into one huge global marketplace. Why do significant differences still exist among national markets? correct answersconsumer tastes and preferences distribution channels culturally embedded value systems business systems legal regulations The most global of markets are not...

The Samuelson Critique correct answersThe low prices you pay for goods imported, may not offset the expenses incurred from the US labor force (retraining, unemployment) The effect on middle-class wages in the US may be similar to mass inward migration into the country Heckscher-Ohlin Theory correct answersComparative advantage arises from differences in national factor endowments - A country's resources: land, labor, and capital - The more abundant a factor, the lower its cost Nati...

levels of economic integration (in order of increasing integration) correct answers1. free trade area 2. customs union 3. common market 4. economic union 5. political union free trade area correct answersall barriers to the trade of goods and services among member countries are removed (NAFTA) customs union correct answerseliminates trade barriers between member countries and adopts common external trade policy ex.) Andean community common market correct answersno barriers betwee...

Export Management Company (EMC) correct answersoffer the service of selling your product in a different country 3M is successful at international expansion because: correct answers- Use EMC - Add additional product lines - Hire local workers Lack of Trust correct answerswhy companies aren't involved w/ international business Letter of Credit correct answersbank receives money and holds it until exporter sends the product over Site-draft correct answerspayable on presentation to ...

1. We discussed that ____ faces increased dumping complaints. a. Bulgaria b. the U.S. c. China d. none of the above correct answersAnswer: China 2. Which statement about the sharing economy is true: A) There are serious safety risks in the sharing economy for both contractors and consumers B) The sharing economy affects outside businesses that aren't part of it (e.g., hotels, taxi's, etc.) only negatively C) The sharing economy is mostly harmful to the consumers par...

Which of the following accurately depicts the levels of economics integration, from least integrated to most integrated? correct answersFree trade area, customs union, common market, economic union, political union Which term is used to refer to a group of countries committed to removing all barriers to the free flow of goods and services between each other, but pursuing common external trade policies? correct answersCustoms union The article toxic trade discussed one of the following? cor...

Strategy correct answersActions managers take to attain the firm's goals Profitability correct answersA ration or rate of return concept (Add value and prices, or reduce costs to improve profitability) Profit growth correct answersThe percentage increase in net profits over time (sell more in existing markets, or enter new markets to increase profit growth) Value creation correct answersPerforming activities that increase the value of goods or services to consumers Operations corr...

GNP correct answersC + I + G + (X-M) USA and Europe correct answersHas most economic activity = 1st: ____ and ____ Brettenwoods correct answersEurope, USA, and other countries decided to be more "connected" : more dependent on each other = Globalization = No more high tariffs GATT correct answersControl tariffs WTO correct answersFair trading IMF correct answersmonetary policies UN correct answers"Good things" = focus on poverty G20 correct answers19 countries ...

Why Do Firms Internationalize? correct answers1. Expand the market for their domestic product offerings by selling those products in international markets -Leveraging core competencies: skills within the firm that competitors cannot easily imitate 2. Realize location economies by dispersing individual value creation activities to locations around the globe where they can be performed most efficiently and effectively 3. Realize greater cost economies from experience effects by serving an expan...

Free Trade Area correct answerstariffs abolished among members, but maintain external tariffs to nonmember nations. (restrictions: services, people, capital) Customs Union correct answersagreement/collaboration that adds common external tariffs to the FTA. (Ex. Southern African Customs Union, Common Market of the South, and the Andean Community) Common Market correct answerscreated when a customs union lifts restrictions on the mobility of services, people, and capital among the member...

Mercantilism, as advocated in the 16th and 17th centuries, believed that countries should simultaneously encourage both imports and exports. correct answersFalse Largely discredited and primitive, mercantilism still influences the trade policies of many countries today. correct answersTrue Free trade refers to a situation where a government, through quotas or duties, attempts to influence what its citizens can buy from another country, or what they can produce and sell to another country. ...

International Business correct answersBusiness activities that involve the transfer of resources (raw materials, capital, and people), goods (semi-finished and finished assembly products), services, skills (including property rights), or information across national boundaries Globalization correct answersthe shift towards a more integrated and interdependent world economy The two key facets of globalization are: correct answers-The globalization of markets -The globalization of production...

it places parent-country nationals in key management positions correct answersWhat is a characteristic of an ethnocentric staffing policy? location economies correct answersTri-Star Technologies Inc. has manufacturing units in Canada. The country's stable economic and political environment helps the firm gain competitive advantage by lowering production costs and improving product quality. Other than being equal, the benefits realized from such a strategy can be typically referred to as ...