Exam 4: Managing in a Global Environment

A(n)________________________ (two words)is an organisation that receives more than 25 per cent of its total sales revenues from operations outside the parent company's home country.

Briefly explain the cultural difference originally identified by Hofstede.Explain how the GLOBE research extended Hofstede's idea.

The stateless stage is also referred to as the __________ stage.

A country's road system is usually publically owned.Therefore,road systems must be considered as which of the following?

An international entry strategy in which the organisation is involved in managing its production facilities in a foreign country is known as:

The most risky direct investment,in which a company builds a subsidiary from scratch in a foreign company,is known as a:

An entry strategy in which the organisation maintains its production facilities within its home country and transfers its products for sale in foreign markets is referred to as:

An organisation's risk of loss of assets,earning power or managerial control due to politically based events or actions by host governments is known as its level of political instability.

Engaging in the international division of labour so as to obtain the cheapest sources of labour and supplies regardless of country is referred to as:

Direct investing means that the company is involved in managing the productive assets in a foreign country.There are three options for direct investing.Name and compare these three options.

A country's physical facilities that support economic activities are defined as its 'infrastructure'.

List the four stages of globalisation.

The exchange rate is the rate at which the average household income of one country is compared with the average household income of another country.

Your company is interested in producing and marketing a line of outdoor wear that will penetrate the Chinese market.Your organisation is willing to supply the equipment,products,product ingredients,trademark and standardised operating system.What type of strategy are you going to use?

List at least three international trade block agreements that are in force currently.What are the benefits of these trading blocks to the member counties?

__________________ is the degree to which people accept inequality in power among institutions,organisations and people.

Franchising is a form of:

A preference for a tightly knit social framework in which individuals look after one another and organisations protect their members' interests is known as _____________________.

A company in the global stage of international development transcends any single home country of operation.

Which of the following is not an example of an international trade alliance?