Exam 6: Managing in the Global Environment

A high level of rivalry typically results in price competition that increases existing prices.

Which of the following is an example of a folkway?

Describe the basic building blocks of national culture briefly.

Which of the following is true of regional trade agreements?

List the five dimensions upon which Hofstede placed national culture. Discuss the necessity for managers who work with different national cultures to acknowledge these dimensions.

The aim of import tariffs is to encourage the entry of foreign goods into a country's market.

Holly belongs to a culture which values the subordination of individuals to the group. The national culture also values personal stability and living for the present. Which of the following, according to Hofstede, is true of Holly's culture?

Which of the following is true of the general environment?

What are barriers to entry? Describe in brief the three main sources from which barriers to entry result.

Falling trade barriers pose a serious threat to the nation's domestic market because they increase competition in the task environment.

According to Hofstede, the gap between the rich and poor in low-power-distance societies is very wide.

Clara belongs to a society which values assertiveness, performance, competition, and results. Her society also encourages freedom of expression and personal success, but makes few provisions for the welfare of the weak. According to Hofstede's model of national culture, which of the following is true of her society?

Describe the five major forces of the general environment briefly.

Which of the following statements supports the fact that Candlewick Inc. operates in a task environment with a high barrier to entry?

Opportunities and threats that result from changes in the task environment are easier to identify and respond to than events in the general environment.

Individuals and groups that buy the goods and services an organization produces are called _____.

Dolphin's Diner, a famous seafood chain, has opened its newest restaurant in a small town. It soon finds that the only customers it attracts are tourists, because the locals prefer to go to The Clam Café-an older but more expensive restaurant. The Clam Café enjoys significant _____.

Which of the following is an example of a more?

According to Hofstede, which of the following is true of countries with a long-term orientation?

Forces in the task environment have little impact on short-term decision making.