Exam 2: Managing the Organizational Environment

The letter 'T' in the PESTI acronym stands for:

An organization's "competitors" are those organizations which try to sell their goods to the same customers as the organization is trying to sell its goods.

The result of falling trade barriers is:

All of the following are included in the organization's general environment,except:

The degree to which forces in the environment change over time is known as:

The highest degree of uncertainty for a manager occurs when the rate of change and the degree of complexity in the environment is high.

Globalization is a set of forces that work together to integrate and connect systems across countries.

Managers face a number of challenges in the global environment,including:

The four building blocks of a competitive advantage are:

Changes in economic forces are handled by:

The general environmental forces pose easily identifiable opportunities and threats for managers.

The organizational environment is comprised of:

The social structure of a country affects the socio-cultural forces acting on organizations.

Overseas suppliers are increasingly specializing in just one part of the task of producing a product.

Which of the following is a task of the top-management team in reducing the impact of environmental forces?

Globalization is driven by the free movement of:

The task environment (or industry-specific environment)is a set of external forces that affect an organization's ability to obtain inputs and dispose of outputs.

When an organization's customers put pressure on the organization to reduce prices on its goods,this is a force in the organization's:

The establishment of free-trade areas creates an opportunity for manufacturing organizations because it lets them reduce their costs.

The aim of import tariffs is to foster growth opportunities for foreign investors.