12. A factory that features unsafe working conditions, long hours, and/or low wages is a(n) a....
12. A factory that features unsafe working conditions, long hours, and/or low wages is a(n)
a. private sector workplace
b. public sector workplace
c. sweatshop
d. activist
13. When companies look for gaps in the international marketplace,
which of the following types of analysis are they doing?
a. sales presentation
b. strategy analysis
c. opportunity analysis
d. brand identification
15. Which of the following types of government is typical of countries that have a market-oriented or capitalist economy?
a. autocratic
b. democratic
c. totalitarian
d. socialist
16. The risk that government policy may adversely affect currency exchange rates is called
a. risk of political instability
b. ownership risk
c. operations risk
d. transfer risk
20. The biggest problem likely experienced by the seller of products in different cultures is a lack of
a. supply of culture
b. demand for culture
c. profit from culture
d. cultural awareness
21. Political and economic measures used by a government to try to regulate the amount and value of its currency are called exchange
a. rates
b. currencies
c. controls
d. devaluations
22. Which of the following agreements do smaller companies seek when they see an attractive product that has not yet been marketed in their own country?
a. brand distribution rights
b. exclusive distribution rights
c. manufacturing rights
d. independence
23. When a company buys into foreign companies, to avoid dependence on one country’s economy, the strategy is known as
a. processing
b. creating
c. outsourcing
d. diversification
24. The organization formed to raise the level of corporate citizenship in member countries is the
a. Organization for Economic Cooperation and Development
b. World Bank Group
c. International Monetary Fund
d. World Economic Forum
25. When a multinational company (MNC) operates globally much as it would at home, it is
a. ethnocentric
b. polycentric
c. geocentric
d. regiocentric
Homework Answers
12)ANS C) SWEATSHOP-They are manufacturing concerns which employ people under unfair and unhygienic working conditions.
13)c)Opportunity Analysis-Analyze the gap between what is provided for and what is demanded
15)b)Democratic-they have market oriented and capitalist economy as the focus shifts from a particular power and socialist sector to each and every people who form the economy.
16)c)Operations Risk-The risk that government policy might make it difficult for a company due to their policy in currency exchange rate.
20)d)cultural awareness
21)c)Exchange controls-
22)b)Exclusive Distribution right
23)d)Diversification
24)a)Organization for economic cooperation and development
25)c)geocentric
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12. A factory that features unsafe working conditions, long
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