1 Please answer all questions 1 Todays managers should expec

1. Please answer all questions

1) Today\'s managers should expect to interact with international clients and customers because:

a. Telecommunications and the Internet are connecting people and businesses all over the word.

b. Most businesses are large multinational corporations.

c. Organizations can\'t succeed without serving global markets.

d. Some countries have international trade agreements.

2) To be effective in an international setting, managers must be prepared to encounter:

a. differences in social values.

b. differences in culture

c. differences in languages

d. all of these

3) Which of the following beliefs could help managers avoid the pitfall of regarding other cultures as inferior to their own?

a. \"My country\'s way of doing business is correct\"

b. \"Most people around the world think and act as I do\"

c. \"Researching other cultures can help me develop better businesses relationships globally\"

2. Complete the exersise by selecting the right key term

1) A manager with this would never offer a Muslim coworker food with his or her left hand.

a. Rigid cultural boundaries

b. An ethnocentric approach

c. A global mundset

d. A bottom of the pyramid concept

2) Companies using this globalization strategy tend to use different approaches in each of the countries in which they operate

a. Multidomestic

b. Geocentric

c.Ethnocentric

d. Polycentric

3) This strategy only involves selling products outside of one\'s home country

a.Exporting

b.Direct investing

c.Franchising

d.Licensing

4) This is one of the problems with doing business in Africa, and it is involves the lack of highways and airports, for example.

a. Per-capita income

b. Infrastructure

c. Economic strategy

d. Global mindset

5) People who are classified by Hofstede as having this national value act on their own and gave loose ties with others in society

a. Masculinity

b. Individualism

c. Uncertainty avoidance

d. Femininity

6) In this type of society, relationships and trust are more important than business

a. Femininity

b. High-context culture

c. Uncertainty avoidance

d. Power distance

7) The association of countries reduces trade barriers and establishes a common currency for most of the European continent.

a.WTO

b.EU

c.EFTO

d.CAFTA

8) A franchising strategy is _______ risky than an acquisition strategy when entering the global market

a. more

b. less

9) The designation of developing versus developed is based in part on a country\'s ______________.

a. exchange rate

b. kinship patterns

c. per capita income

10) One of the biggest drawbacks to doing business in less-developed countries is:

a. The large number of experienced managers

b. The sophistication of financial markets

c. The lack of a well-developed infrastructure

d. The high wages of the population

11) Guinea lowered its projection of economic growth from 4.5 percent to 2.9 percent after problems with a delayed election and ethnic conflict in the country. This is an example of how____________________ can influence a country\'s economy.

a. immigration

b. political instability

c. sociocultural changes

d. outsourcing

3) Identify the market entry that will best help Jerzy to meet his objectives

1. Jerzy has the idea that one way of expanding would be to purchase Leon\'s already profitable shoes in Spain. Doing so will be costly, but it will give him an outlet for selling his shoes, and he will be able to maintain complete control over how the shoes are marketed. Jerzy believes that the risks he faces in Spain will be low, due to Spain\'s developed economy and commitment to a modernized infrastructure, but he concerned about Spain\'s recent problems with Basque terrorists.

a. Acquisition

b. Licensing

c. Joint venture

d. Exporting

2. In thinking about ot, Jerzy realizes that he and Leon could create a shoe manufacturing facility in Spain. Doing so would certainly require a largeoutlay of money, but Jerzy thinks that with his expertise in shoes design and Leon\'s expertise in navigating Spanish management and business practices, they could create a partnership that has true synergy.

a. Acquisition

b. Licensing

c. Joint venture

d. Global outsourcing

3. Jerzy knows that he will have to expand his operations if he wants to produce enough shoes for an international market. He has heard that there are shoe dyers in the Ukraine who will work for much lower prices that the dyres in his town charge. Jerzy is considering sending some of his work out to a Ukrainian shoe dying factory as a way to keep his costs down while he determines exactly how much demand exists for his product.

a. Direct investing

b. Global outsourcing

c. Joint venture

d. Exporting

Solution

1.

1.A, 2.D, 3.C

2

1.A, 2. D, 3.A, 4.B, 5.B, 6.B, 7.B, 8.B, 9.C, 10.C, 11.B

3.

1.A, 2.C, 3. B