Managment 371 Practice Ch.6-9

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