Packet 61- 90
Retailing takes place whenever goods are
sold to the ultimate customer
Which of the following is a reason that a company would decide to offer its products in other countries?
to expand to new, untapped markets
Which of the following is a situation that might make businesspeople from other countries feel uncomfortable and impact their ability to conduct business?
Standing very close to others during conversations
Which of the following factors has aided the most in creating a global business environment?
Technology
An American businessperson in London was offered a "cuppa" by the company's receptionist. The business person did not know that the receptionist was offering a cup of tea. This is an example of
a language barrier
One way in which many businesses demonstrate their social responsibility toward employees is by providing them with
a safe working environment
Companies that operate at the international level should be aware of political factors that affect trade, such as civil unrest or
embargoes
One reason that some US businesses have moved some of their operations overseas is to
lower their labor costs
Formal relationships and a distinctive chain of command are characteristics of the ______ organizational business structure.
mechanistic
When meeting with business people from other countries, it is important to understand social differences, such as bowing, handshaking, and special comfort, which are often called
non-verbal cues
With Rosita's pizza shop, financial analysis is used to
obtain funding for supplies
Which of the following is an environmental factor that affects the performance of businesses that market products on a global level?
political risk
Franco's Bread Shop is introducing a new type of sandwich bread to the community this week. Which of the following describes the business activity the bread shop is likely involved in?
promoting the new bread through advertising
One reason why many businesses develop an organizational design that requires a board of directors is because a board
provides experience that increases the business's credibility
Businesses can show their social responsibility by contributing to
public interests
TeJuan's Fishing Shack demonstrates effective information management by
removing wasted materials from the process of providing goods to a customers
Which of the following is an example of nonverbal communication that might have a different meaning to business people in other parts of the world ?
shaking hands when greeting a customer
One reason that businesses use a matrix organizational design is to
share human resources
Online chats, forums and communities that enable businesses to learn about the wants and needs of their worldwide target market have created a new form of
social relationships
A socially responsible business will attempt to give customers
the best products at the best prices
Human resources management is demonstrated in which of the following statements?
the business takes care of responsibilities associated with having problems.
A nation that exports more than it imports maintains a
trade surplus
A manufacturer is a type of business that
turns raw goods into useful products.
A country with a weak currency value tends to
Decrease its imports and increase exports
Which of the following is a characteristic of the organic organizational business structure?
Delegation emphasis
Which of the following demonstrates the interrelationship among primary business activities?
One business activity changes, so the others must adjust in response.
The US produces widgets faster and cheaper than Switzerland. In this example, the US has a(n) _____ advantage.
absolute
Which of the following is a benefit of international trade?
an improved standard of living
Three primary factors that affect the organizational structure of a business include interpersonal relationships, tasks, and
authority
Levels of inflation and unemployment are factors that affect _________ in the world market.
competition
