chapter 11

As long as the price and quality of a firm's products and services are competitive on a local basis, it has nothing to worry about. T/F?

False

Europeans are especially motivated by pay-for-performance, commission salaries, and objective measurement and reward systems.

False

Foreign revenue as a percentage of total company revenues is approaching 20 percent for Colgate-Palmolive. T/F

False

Weaknesses of competitors in foreign lands are often underestimated, and strengths are often overestimated.

False

Desire for ________ is a part of the social fabric in worker-manager relations in Mexico.

Harmony

Which of the following is NOT true regarding European workers and workplaces?

Many Europeans respond enthusiastically to pay-for-performance, commission salaries, and objective measurement reward systems.

For many years, the Omega Company manufactured all of its products in Brazil. In early 2018, the company made the decision to bring back its manufacturing by establishing several large plants in the state of Florida. What the Omega Corporation did is called

Reshoring

Which of the following is a valid reason for a firm's power and prestige in domestic markets to be significantly enhanced if it competes globally?

This can translate into improved negotiating power among important groups.

Foreign revenue as a percentage of total company revenues ________ in hundreds of U.S. firms, including ExxonMobil, Gillette, Dow Chemical, and Citicorp.

exceed 50 percent

The domestic food industry ________, so Kraft Foods is focusing on foreign acquisitions.

is growing 3 percent per year