Question 1

Heartz Ltd.,provides Glayton Technologies with input resources that it needs to produce its products.In this context,which of the following categories does Heartz Ltd.,belong to?

Accepted Answer

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

Question 2

_____ result from three main sources: economies of scale,brand loyalty,and government regulations that impede access.

Accepted Answer

Barriers to entry are factors that make it difficult and costly for a company to enter a particular task environment or industry. It results from three main sources: economies of scale, brand loyalty, and government regulations that impede entry.

Question 3

Which of the following statements accurately defines brand loyalty?

Accepted Answer

Brand loyalty is customers' preference for the products of organizations currently existing 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 4

_____ occurs when a company contracts with suppliers in other countries to make the various inputs that go into its products or to assemble the final products to reduce costs.

Accepted Answer

Global outsourcing occurs when a company contracts with suppliers in other countries to make the various inputs or components that go into its products or to assemble the final products to reduce costs.

Question 5

The citizens of the United States and France tend to spend more and save less.

Accepted Answer

A national culture with a short-term orientation is concerned with maintaining personal stability or happiness and living for the present. The United States and France have a short-term orientation, and their citizens tend to spend more and save less.

Question 6

The cost advantages that are associated with large operations are known as:

Accepted Answer

Economies of scale are the cost advantages associated with large operations. Economies of scale 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 7

_____ refer(s)to factors that make it difficult and costly for a company to enter a particular task environment or industry.

Accepted Answer

Barriers to entry are factors that make it difficult and costly for a company to enter a particular task environment or industry.

Question 8

The _____ environment is the set of forces and conditions that originate with global suppliers,distributors,customers,and competitors; these forces and conditions affect an organization's ability to obtain inputs and dispose of its outputs.

Accepted Answer

The task environment is the set of forces and conditions that originate with global suppliers, distributors, customers, and competitors; these forces and conditions affect an organization's ability to obtain inputs and dispose of its outputs.

Question 9

Organizations that produce goods that are similar to another organization's goods are known as:

Accepted Answer

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

Question 10

Building customer awareness of the newcomer's product is very costly in which of the following sources of barriers to entry?

Accepted Answer

If established organizations enjoy significant brand loyalty, then a new entrant will find it extremely difficult and costly to obtain a share of the market. Newcomers must bear huge advertising costs to build customer awareness of the goods or services they intend to provide.

Question 11

A supplier's bargaining position is strong when:

Accepted Answer

A supplier's bargaining position is especially strong when (1) the supplier is the sole source of an input and (2) the input is vital to the organization.

Question 12

An organization's major customer puts pressure on the organization to reduce prices of its products.This is an example of the organization's _____ environment.

Accepted Answer

The task environment is the set of forces and conditions that originate with global suppliers, distributors, customers, and competitors; these forces and conditions affect an organization's ability to obtain inputs and dispose of its outputs.

Question 13

The _____ environment includes the wide-ranging global,economic,technological,sociocultural,and political forces that affect the organization and its task environment.

Accepted Answer

The general environment includes the wide-ranging global, economic, technological, sociocultural, demographic, political, and legal forces that affect the organization and its task environment.

Question 14

Devinci Ltd.,lost its long-term raw material supplier to its primary competitor.This loss affected the _____ environment of Devinci Ltd.

Accepted Answer

Forces in the task environment result from the actions of suppliers, distributors, customers, and competitors both at home and abroad. These four groups affect a manager's ability to obtain resources and dispose of outputs daily, weekly, and monthly and thus have a significant impact on short-term decision making.

Question 15

For Dell Computer,the educational institutions that train future Dell employees are its:

Accepted Answer

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

Question 16

A firm that has not traditionally been a competitor of EcoPro,Inc.,suddenly creates a new type of product that makes the products of EcoPro,Inc.,obsolete.This is an example of which type of force in the environment?

Accepted Answer

One of the most important forces that an organization confronts in its task environment is competitors. Competitors are organizations that produce goods and services similar to a particular organization's goods and services. This includes new competitors who create substitute products.

Question 17

Organizations that help other organizations to sell their goods to customers are known as:

Accepted Answer

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

Question 18

A culturally diverse management team can be a source of strength for an organization participating in the global marketplace.

Accepted Answer

A culturally diverse management team can be a source of strength for an organization participating in the global marketplace.

Question 19

A society that has a short-term orientation places high value on persistence in the achievement of goals.

Accepted Answer

A national culture with a long-term orientation rests on values such as thrift (saving) and persistence in achieving goals.

Question 20

Organizations that are not currently selling goods in a particular task environment but which could choose to enter this environment if they wanted to are known as:

Accepted Answer

Potential competitors are organizations that are not presently in a task environment but could enter if they so choose.

Quiz 4: Managing in the Global Environment

Heartz Ltd.,provides Glayton Technologies with input resources that it needs to produce its products.In this context,which of the following categories does Heartz Ltd.,belong to?

_____ result from three main sources: economies of scale,brand loyalty,and government regulations that impede access.

Which of the following statements accurately defines brand loyalty?

_____ occurs when a company contracts with suppliers in other countries to make the various inputs that go into its products or to assemble the final products to reduce costs.

The citizens of the United States and France tend to spend more and save less.

The cost advantages that are associated with large operations are known as:

_____ refer(s) to factors that make it difficult and costly for a company to enter a particular task environment or industry.

The _____ environment is the set of forces and conditions that originate with global suppliers,distributors,customers,and competitors; these forces and conditions affect an organization's ability to obtain inputs and dispose of its outputs.

Organizations that produce goods that are similar to another organization's goods are known as:

Building customer awareness of the newcomer's product is very costly in which of the following sources of barriers to entry?

A supplier's bargaining position is strong when:

An organization's major customer puts pressure on the organization to reduce prices of its products.This is an example of the organization's _____ environment.

The _____ environment includes the wide-ranging global,economic,technological,sociocultural,and political forces that affect the organization and its task environment.

Devinci Ltd.,lost its long-term raw material supplier to its primary competitor.This loss affected the _____ environment of Devinci Ltd.

For Dell Computer,the educational institutions that train future Dell employees are its:

A firm that has not traditionally been a competitor of EcoPro,Inc.,suddenly creates a new type of product that makes the products of EcoPro,Inc.,obsolete.This is an example of which type of force in the environment?

Organizations that help other organizations to sell their goods to customers are known as:

A culturally diverse management team can be a source of strength for an organization participating in the global marketplace.

A society that has a short-term orientation places high value on persistence in the achievement of goals.

Organizations that are not currently selling goods in a particular task environment but which could choose to enter this environment if they wanted to are known as: