Exam 4: Managing in a Global Environment

A wholly owned foreign affiliate is a foreign subsidiary over which an organisation has complete control.

Franchising is a form of direct investment.

A company in the international stage often uses an international division to deal with the marketing of products in several countries individually.

According to the GLOBE project,the extent to which a society encourages and rewards people for being altruistic,generous and caring towards others is known as its ______________________ (two words).

A(n)__________________ (two words)has been achieved when a manager has the ability to appreciate and influence individuals,groups,organisations and systems that represent different social,cultural,political,institutional,intellectual and psychological characteristics.

The ______________________ (three words)concept relates to the various tactics and managers use to enter foreign markets

When__________________,a company maintains its production facilities within the home nation and transfers its products for sale in foreign countries.

The ability to appreciate and influence individuals,groups,organisations and systems that represent different social,cultural,political,institutional,intellectual and psychological characteristics is associated with a:

________________ means a preference for a tightly knit social framework in which individuals look after one another and organisations protect their members' interests.

Your restaurant in Malaysia is having trouble getting the local farmers to supply you with the necessary produce.This is a problem with Malaysia's:

A nation's __________ includes the shared knowledge,beliefs and values,as well as the common modes of behaviour and ways of thinking,among members of a society.

In the ____________________ stage,exports increase,and the company usually adopts a multi-domestic approach,probably using an international division to deal with the marketing of products in several countries individually.

____________ is an entry strategy in which an organisation in one country makes certain resources available to organisations in other countries in order to participate in the production and sale of its products abroad.

An organisation that receives more than 25 per cent of its total sales revenues from operations outside the parent company's home country is called a transnational company.

Which of the following is not a legal-political factor in the international environment?

The economic factor in the international environment includes all of the following,except:

List and describe the characteristics of a multinational company?

In the multinational stage,exports increase and the organisation usually adopts a multi-domestic approach,probably using an international division to deal with the marketing of products in several countries individually.

The single European currency that replaced 17 national currencies in the European Union is known as the:

Tim's Tools operates in Indonesia using cheap labour for assembling products.This lowers the price for Australian consumers and is an example of: