Question 1

Companies that provide other organizations with input resources are known as

Accepted Answer

Suppliers are the individuals and companies that provide an organization with the input resources (such as raw materials, component parts, or employees) it needs to produce goods and services.

Question 2

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?

Accepted Answer

National culture is the set of values that a society considers important and the norms of behavior that are approved or sanctioned in that society.Societies differ substantially in the values and norms they emphasize.

Question 3

Apple Inc.contracts with companies in Taiwan to make inputs such as the chips, batteries, and LCD displays that power its digital devices at lower costs.This strategy is an example of

Accepted Answer

The purchase or production of inputs or final products from overseas suppliers to lower costs and improve product quality or design is called global outsourcing.

Question 4

_____ are organizations that help other organizations sell their goods or services directly to customers.

Accepted Answer

Distributors are organizations that help other organizations sell their goods or services to customers.The decisions managers make about how to distribute products to customers can have important effects on organizational performance.

Question 5

Which of the following statements supports the fact that Toy Track operates in a task environment with a low barrier to entry?

Accepted Answer

Barriers to entry are factors that make it difficult and costly for a company to enter a particular task environment or industry.In other words, the more difficult and costly it is to enter the task environment, the higher are the barriers to entry.The higher the barriers to entry, the fewer the competitors in an organization's task environment and thus the lower the threat of competition.With fewer competitors, it is easier to obtain customers and keep prices high.

Question 6

The more difficult it is to enter the task environment

Accepted Answer

Barriers to entry are factors that make it difficult and costly for a company to enter a particular task environment or industry.In other words, the more difficult and costly it is to enter the task environment, the higher are the barriers to entry.The higher the barriers to entry, the fewer the competitors in an organization's task environment and thus the lower the threat of competition.With fewer competitors, it is easier to obtain customers and keep prices high.

Question 7

An organization that is not presently in a task environment but has the resources to enter if it so chooses is called a

Accepted Answer

Competitors are organizations that produce goods and services that are similar and comparable to a particular organization's goods and services.Potential competitors are organizations that are not presently in a task environment but have the resources to enter if they so choose.

Question 8

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

Accepted Answer

Distributors are organizations that help other organizations sell their goods or services to customers.The decisions managers make about how to distribute products to customers can have important effects on organizational performance.

Question 9

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

Accepted Answer

Competitors are organizations that produce goods and services that are similar and comparable to a particular organization's goods and services.

Question 10

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

Accepted Answer

Individuals and groups that buy the goods and services an organization produces are called customers.

Question 11

_____ refers to customers' preference for the products of organizations currently in the task environment.

Accepted Answer

Brand loyalty is customers' preference for the products of organizations currently in the task environment.

Question 12

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

Accepted Answer

Economies of scale are the cost advantages associated with large operations.They result from factors such as manufacturing products in very large quantities, buying inputs in bulk, or making more effective use of organizational resources than do competitors by fully utilizing employees' skills and knowledge.

Question 13

Inflation is an example of a(n) _____ force in an organization's environment.

Accepted Answer

Economic forces affect the general health and well-being of a country or world region.They include interest rates, inflation, unemployment, and economic growth.

Question 14

Jay's Furniture Factory gets its raw material from the local timber yard.The timber yard acts as Jay's

Accepted Answer

Suppliers are the individuals and companies that provide an organization with the input resources (such as raw materials, component parts, or employees) it needs to produce goods and services.

Question 15

______ are individuals and groups that buy the goods and services an organization produces.

Accepted Answer

Individuals and groups that buy the goods and services an organization produces are called customers.An organization's success depends on its responsiveness to customers-whether it can satisfy their needs.

Question 16

A supplier's bargaining position is especially strong when the input supplied

Accepted Answer

A supplier's bargaining position is especially strong when the supplier is the sole source of an input and the input is vital to the organization.

Question 17

Which of the following statements supports the fact that Candlewick Inc.operates in a task environment with a high barrier to entry?

Accepted Answer

Barriers to entry are factors that make it difficult and costly for a company to enter a particular task environment or industry.In other words, the more difficult and costly it is to enter the task environment, the higher are the barriers to entry.The higher the barriers to entry, the fewer the competitors in an organization's task environment and thus the lower the threat of competition.With fewer competitors, it is easier to obtain customers and keep prices high.

Question 18

_____ is the traditional system of relationships established between people and groups in a society.

Accepted Answer

Social structure is the traditional system of relationships established between people and groups in a society.Societies differ substantially in social structure.

Question 19

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

Accepted Answer

Brand loyalty is customers' preference for the products of organizations currently in the task environment.If established organizations enjoy significant brand loyalty, a new entrant will find it difficult and costly to obtain a share of the market.

Question 20

_____ are outcomes of changes in the skills and equipment managers use to design, produce, or distribute goods and services.

Accepted Answer

Technology is the combination of tools, machines, computers, skills, information, and knowledge that managers use to design, produce, and distribute goods and services; technological forces are outcomes of changes in that technology.

Quiz 6: Managing in the Global Environment

Companies that provide other organizations with input resources are known as

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?

Apple Inc.contracts with companies in Taiwan to make inputs such as the chips, batteries, and LCD displays that power its digital devices at lower costs.This strategy is an example of

_____ are organizations that help other organizations sell their goods or services directly to customers.

Which of the following statements supports the fact that Toy Track operates in a task environment with a low barrier to entry?

The more difficult it is to enter the task environment

An organization that is not presently in a task environment but has the resources to enter if it so chooses is called a

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

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

_____ refers to customers' preference for the products of organizations currently in the task environment.

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

Inflation is an example of a(n) _____ force in an organization's environment.

Jay's Furniture Factory gets its raw material from the local timber yard.The timber yard acts as Jay's

______ are individuals and groups that buy the goods and services an organization produces.

A supplier's bargaining position is especially strong when the input supplied

Which of the following statements supports the fact that Candlewick Inc.operates in a task environment with a high barrier to entry?

_____ is the traditional system of relationships established between people and groups in a society.

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

_____ are outcomes of changes in the skills and equipment managers use to design, produce, or distribute goods and services.