Q6
_____ refers to customers' preference for the products of organizations currently in the task environment
Brand loyalty
Superior Power is a new company in the electrical industry, and the company has shown success and is building a strong reputation. What impact will this company have on the other companies in the electrical industry?
Competition will increase and prices and profits will decrease.
Which of the following statements supports the fact that Candlewick Inc. operates in a task environment with a high barrier to entry?
Candlewick Inc. is able to sell its products easily, even though they are overpriced
_____ are organizations that help other organizations sell their goods or services directly to customers
Distributors
_____ capital flows through the processes of overseas investment, credit, lending, and aid
Financial
In what way does the task environment differ from the general environment?
Forces in the task environment have a more immediate and direct effect on managers than forces in the general environment
Clara belongs to a society which values assertiveness, performance, competition, and results. Her society also encourages freedom of expression and personal success, but makes few provisions for the welfare of the weak. According to Hofstede's model of national culture, which of the following is true about her society?
Her society has an achievement orientation and is high on individualism
Max belongs to a society which is rigid and skeptical about people whose behaviors or beliefs differ from the norm. His society also values warm, personal relationships over success and performance. According to Hofstede's model of national culture, which of the following is true about his society?
His society is high on uncertainty avoidance and has a nurturing orientation
Holly belongs to a culture which values the subordination of individuals to the group. The national culture also values personal stability and living for the present. Which of the following, according to Hofstede, is true about Holly's culture?
It is high on collectivism and has a short-term orientation
Which of the following, according to Hofstede, is characteristic of societies with high power distance?
The gap between the rich and poor is very large
Which of the following is true about political capital?
It is the flow of power and influence around the world using diplomacy, persuasion, aggression, and force of arms
Which of the following is true about the task environment?
It is the set of forces that originate with global suppliers, distributors, customers, and competitors
_____ are unwritten, informal codes of conduct that shape the behavior of people toward one another and are held important by most members of society.
Norms
_______ forces are outcomes of the changes in the laws and regulations of a society.
Political
_____ is the traditional system of relationships established between people and groups in a society
Social structure
Which of the following, according to Hofstede, is characteristic of societies with low power distance?
The government uses taxation and social welfare programs to reduce inequality
In what way is the task environment similar to the general environment?
They are both a set of forces and conditions that operate beyond an organization's boundaries
Which of the following is true about mores?
They are many difference in mores from one society to another
According to Hofstede, which of the following is true about countries with a long-term orientation?
They have a high rate of per capita savings.
_____ are beliefs about what a society considers to be good, right, desirable, or beautiful.
_____ are beliefs about what a society considers to be good, right, desirable, or beautiful.
Shannon works for an e-commerce company. Her manager asked her to update the company's global website. To improve the company's global presence, the most important element Ella should focus on is
a global design template.
Which of the following is an example of individualism values?
a high regard for individual entrepreneur
a high regard for individual entrepreneur
a high regard for individual entrepreneur
Which of the following is an example of individualism values?
a high regard for individual entrepreneurs
According to Hofstede, collectivist societies
adhere to the principle that people should be judged by their contribution to the group.
Which of the following is a value of nurturing orientation?
assertiveness
Walmart has used its power as a distributor to control the frequency of payments to a supplier
based on the timeline for a supplier's inventory to move off the shelves at Walmart stores
Walmart has used its power as a distributor to control the frequency of payments to a supplier
based on the timeline for a supplier's inventory to move off the shelves at Walmart stores.
Dolphin's Diner, a famous seafood chain, has opened its newest restaurant in a small town. It soon finds that the only customers it attracts are tourists, because the locals prefer to go to The Clam Café—an older but more expensive restaurant. The Clam Café enjoys significant
brand loyalty
As the only store to design and sell curtains in the suburb of Oakland, the merchandise sold by Plush Parade is overpriced. Noticing this, Diana's Draperies sets up a showroom in the same suburb, reasoning that with lower prices, they would be able to attract more customers. Diana's Draperies is Plush Parade's
competitor
Jeremy has a personal library with over 5,000 novels of various genres, most of them bought from Benison's Book House. He is an example of a Benison Book House's
customer
A decline in the number of young people joining the workforce and an increase in the number of active employees who are postponing retirement are examples of _____ forces in the general environment.
demographic
Which of the following forces are outcomes of changes in or changing attitudes toward the characteristics of a population?
demographic
Amethyst, an Italian house of high fashion, designs and creates luxury items like jewelry and hair accessories. It sells its merchandise only through Fiesta, a multinational retail store. Fiesta acts as Amethyst's
distributor
Inflation is an example of a(n) _____ force in an organization's environment
economic
Leo wants to improve the costs for his business, so he chooses to buy inputs in bulk and manufacture products in larger quantities. This is an example of
economies of scale
According to the HSBC survey, the United States ranked 16 out of 39 countries overall because of poor scores on
experience and family.
Lobo belongs to a society which values the subordination of the individual to the group and discourages individual expressions of thought. Inequality in the power and well-being of people is believed to be due to differences in their physical and intellectual capabilities, and heritage. According to Hofstede's model of national culture, Lobo's society is
high on power distance and low on individualism.
A supplier's bargaining position is especially strong when the input supplied
is a fundamental component of the organization's product
Which of the following can be defined as the set of values and the norms of behavior which are approved or sanctioned by a particular society?
national culture
Deregulation, privatization, and the removal of legal barriers to trade are examples of changing _____ forces.
political
Nadine belongs to an egalitarian society, one in which few distinctions are made between individuals and groups. Her society is low on
social stratification
Which of the following is an example of collectivism values?
subordination of the individual to the goals of the group
Companies that provide other organizations with input resources are known as
suppliers
The Republic of Karibo has been losing capital steadily over the last five years. As a result of this
the standard of living has fallen
According to Hofstede, individualist societies
value personal freedom, personal success, and self-expression.
The basic building blocks of national culture are
values and norms