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Question
A company that sells differentiated products may maintain the ability to respond quickly to changing buyer preferences by utilizing ________.A) vertical integration
B) decentralized production
C) lean production
D) continuous production
Answer
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Which of the following statements is true of developing countries that have embraced globalization?
A) The countries have experienced an increase in life expectancy.
B) As a result of extensive commercialism, there has been a decline in personal income.
C) Relying upon developed countries for technology has rendered their talent pool stagnant.
D) Their rich cultural diversity hasn't been affected by exposure to new cultures.
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According to the opponents of globalization, which of the following occurs as a result of worker dislocation brought about by globalization?
A) increased labor costs for companies
B) lower workers' wages in developed nations
C) surfeit of jobs in developed nations
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Export-processing zones are special areas in which companies engage in tariff-free importing and exporting.
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The General Agreement on Tariffs and Trade (GATT) was designed to promote free trade by reducing both tariffs and nontariff barriers to international trade.
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B) rise of closed economies
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Explain how technological innovation has benefitted entrepreneurs.
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B) The government considers banking sector as important to national security.
C) The country has never experienced threats against its long-term stability.
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B) central
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According to Hofstede's framework, a culture with ________ values security and places its faith in strong systems of rules and procedures in society.
A) large uncertainty avoidance
B) low power distance
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A) feminity
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C) trash culture
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A) a person's social status is decided by his acquired wealth
B) a person's position in society depends upon his educational qualifications and achievements
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A) trash culture
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A) Strict product liability laws
B) Relaxed trade and investment barriers
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B) traditional market
C) emerging market
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