Exam 3: Managing in a Global Environment

Seeking cheaper sources of materials or labor offshore is called offshoring.

A country that places emphasis on fairness and values kindness would be described by the Globe Project as high in _____.

The Digitec company has recently decided to design and manufacture a laptop that retails for under $50, in an effort to make information technology available to people in places like rural Africa and rural India. This is known as what type of strategy?

Which organization originated and supports the idea of small businesses operating on a global level?

________places an emphasis on a worldwide perspective.

How many nations signed on for negotiation when GATT was created in 1947?

CRL, a European plastics manufacturer, is considering forming an alliance with a U.S. military goods manufacturer to develop a new type of polymer that can be used for international industrial and military applications. Such a partnership represents what type of direct investment?

The Write Pens, Inc. wants to reduce transferring costs by producing closer to the consumer in a foreign country. This will also help in reducing transportation and storage costs. Which strategy would be the best to use given the circumstances?

An example of global outsourcing is seen when Gap, Inc uses low-cost Caribbean labor to cheaply produce its clothing, and then finishes off and sells its clothing in the United States.

_________means that people have a tendency to regard their own culture as superior to other cultures.

A ________interaction requires more time because a relationship has to be developed, and trust and friendship must be established.

The extent to which trade and investments, information, social and cultural ideas, and political cooperation flow between countries is called .

People who value high power distances normally expect equality in power.

In countries where women are often in positions of high status, the Globe Project would describe that culture as low in _____.

A multinational corporation typically receives at least % of its total sales revenues from outside the parent's home country.

Which of the following is an entry strategy in which the organization maintains its production facilities within its home country and transfers its products for sale in foreign markets?

Briefly explain the difference between high power distance and low power distance.

A country's physical facilities that support economic activities make up its .

Business has become a unified, global field as trade barriers fall, communication becomes faster and cheaper, and consumer tastes converge.

The risk of loss due to actions by host country governments is known as _________.