The areas described in the text as the most dominant in the global economy include: |
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-North America
-Western Europe
-Asia |
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Which of the following is the overarching goal of unification of the European Union? |
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Strengthen Europe's position as an economic superpower, particularly vis-a-vis the United States |
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Under (the) _____ member countries have agreed to adopt a common European currency called the euro? |
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NAFTA |
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To be competetitve in a global economy, Europeans must increase their level of ______? |
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productivity |
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Which country does th etext describe as becoming the largest producer and consumer of many of the worlds goods? |
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China |
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One study found that maufacturing labor costs about _____ an hour in China, compared to ______ dollars in the United States. |
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Less than $1; about $25 |
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NAFTA combined the economies of |
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the U.S., Canada, and Mexico |
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The passage of NAFTA has provided short-term benefits to which of the following industries? |
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-The auto industry
-Grain producers
-The financial industry
-Capital-goods suppliers |
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Which of the following existing agreements includes Guatemala, Honduras, and the United States? |
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CAFTA-DR |
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Which country does the text describe as having become an important provider of online computer and software support for the U.S.? |
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India |
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What are consequences of the increasing integration of the global economy? |
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Many compaies find their home markets under attack from foriegn competition. |
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Today's managers operate in an environment that is ____ complex and competitive and offers more _____. |
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more; opprotunities |
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Operating in a global marketplace is considered more complex because? |
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of varying cultures and coordination of globally dispersed operations. |
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_______ occurs when the organization contracts with an outside provider to produce one or more of an organization's products or services. |
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Outsourcing |
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______ occurs when companies move jobs to another country, typically where wages are lower. |
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Offshoring |
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What factors should be considered by managers who are deciding whether to offshore? |
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What is the competitive advantage of the organization's products?
Is the organization in its early stages?
Can production savings be achieved locally?
Can the entire supply chain be improved? |
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When identifying the best strategy for competing in a global marketlace, it is helpful to plot a company's position on a(n) _________? |
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integration-responsiveness grid |
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The grid used for identifying the best strategy for competting in a global marketplace measures what two dimensions? |
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1.) Financial Visability
2.) Employee Satisfaction |
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Pressures for global integration includes? |
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pressures to reduce costs |
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Which of the following is a global strategy used as an apporach to international competition? |
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International model
Multinational mode
Global model
Transitional model |
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The model in which managers use their organization's existing core capabilities to expand into foreign markets is called the _______? |
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international model |
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Pressure for local responsiveness includes? |
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varying consumer preferences
varying sales and distribution patterns
varying traditions
varying political demands |
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_______ includes threats of protectionism, economic nationalism and local rules. |
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Economic and political demands |
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The Disney Coropration has marketed its ficility in France somewhat differently that its United States facilities in order to appeal to the European consumer. This is a type of strategy lnown as __________ model. |
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International |
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The international model of organizational structure consists of? |
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Subsidiaries located in countries where the company does bsuiness with much of the control excersized by the parent company. |
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Which model of organizational structure did IBM and Xerox profit from to transfer skills and know-how to sunsidiaries around the globe? |
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International Model |
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The overseas success of Kellogg, Coca-Cola, Heinz, and Procter & Gamble are based on marketing know-how. These companies are using which model of organizational structure? |
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International Model |
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Character Corporation has subsidiaries in each country in which id does business. As the parent company, Character transfers its core skills in technology and R&D overseas so that each subsidiary remains dependent on it for new products, processes and ideas. This illustrates the ______ of organizational structure. |
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International |
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Where global effieneicny is not required but adapting to local conditions offers advantages, the ________ model of an organizational structure is appropriate. |
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Multinational |
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