International Business and Economies

<p>Wholly-Owned Subsidiaries (C)</p> Signup and view all the answers

<p>Merging with or acquiring direct competitors in the same industry. (C)</p> Signup and view all the answers

<p>Specializing in assembling low-cost, high-volume products and commodities. (D)</p> Signup and view all the answers

<p>Core business strategy development. (D)</p> Signup and view all the answers

<p>Transferring capital, technology, human resources, inventory, and information across markets. (B)</p> Signup and view all the answers

<p>International business agreements that allow for production in countries with lower labor costs. (D)</p> Signup and view all the answers

<p>They concentrate on the provision of goods and services with a high value-added component. (C)</p> Signup and view all the answers

<p>Purchasing goods and services from vendors outside the firm. (D)</p> Signup and view all the answers

<p>By encouraging specialization based on comparative advantages in global markets. (D)</p> Signup and view all the answers

<p>It makes technology access easier via trade between countries. (C)</p> Signup and view all the answers

<p>Focusing on a company's core competencies. (A)</p> Signup and view all the answers

<p>To gain control over its supply chain by acquiring companies that supply its inputs. (C)</p> Signup and view all the answers

<p>A decentralized structure. (B)</p> Signup and view all the answers

<p>A vertically integrated company. (B)</p> Signup and view all the answers

<p>To various managers across different projects or functions. (D)</p> Signup and view all the answers

<p>Employees have more responsibilities to different individuals in different areas. (D)</p> Signup and view all the answers

<p>Allowing an external party to conduct value creation activities for the company. (C)</p> Signup and view all the answers

<p>Adapting to different market conditions in various regions. (B)</p> Signup and view all the answers

<p>Duplication of resources across different divisions. (C)</p> Signup and view all the answers

<p>Confusion arising from dual reporting obligations. (D)</p> Signup and view all the answers

<p>Managers experiencing an excessive workload and responsibility. (B)</p> Signup and view all the answers

<p>Competition among teams for recognition and limited resources. (D)</p> Signup and view all the answers

<p>Matrix structure. (A)</p> Signup and view all the answers

<p>To ensure smooth, predictable, and free trade between nations. (A)</p> Signup and view all the answers

<p>Export restraint agreements (D)</p> Signup and view all the answers

<p>Promoting human rights at work, with emphasis on women's rights and collective bargaining. (B)</p> Signup and view all the answers

<p>Barriers in communication between departments, leading to a 'silo effect'. (B)</p> Signup and view all the answers

<p>A tax collected on goods shipped across national boundaries. (C)</p> Signup and view all the answers

<p>The World Bank. (B)</p> Signup and view all the answers

<p>Divisional Structure (C)</p> Signup and view all the answers

<p>Any individual, group, or organization that has an interest in or is affected by the actions of a business, project, or institution. (D)</p> Signup and view all the answers

Economic systems where countries specialize in producing goods and services based on their resources and skills. Developed countries focus on high-value goods and services, while developing countries focus on low-cost, high-volume production or resource extraction.

The practice of hiring external companies or individuals to perform tasks that are not part of a company's core business operations.

A multinational corporation is a business that operates in multiple countries, moving resources like money, technology, and employees across borders to find new growth opportunities.

A trade agreement between Canada, Mexico, and the United States, designed to promote free trade and investment between these countries.

A business strategy where a company sets up manufacturing operations in countries with lower labor costs, often near the border of a developed country.

The process of integrating economies, cultures, and societies around the world, driven by advancements in transportation, technology, and communication.

Advocates of globalization believe it brings economic growth, technology transfer, and cultural exchange, leading to a more interconnected and prosperous world.

Opponents of globalization argue that it can lead to job losses in developed countries, exploitation of workers in developing countries, and cultural homogenization.

The argument that globalization increases the gap between rich and poor countries, making poverty worse in some regions.

The concern that globalization reduces a nation's control over its own affairs as global organizations and companies gain influence.

The strategy of acquiring or merging with a company in the same industry.

The argument that globalization contributes to environmental damage through increased production and consumption.

A company sells the right to manufacture and sell its products to another company, typically in a foreign market.

A company focuses its resources on becoming the best in a specific area.

A strategy where a company sticks to its core strengths and avoids venturing into unfamiliar territories.

When a company expands its operations into industries that supply its inputs (backward integration) or distribute its products (forward integration).

A company expands its operations to produce materials or components used in its primary products.

A company expands its operations to distribute or sell its products directly to customers.

A company allows external organizations to perform some of its value-chain activities, focusing on its core competencies.

A company structure where decision-making authority is concentrated at the top level.

A company structure where decision-making authority is delegated to lower levels.

A structure where employees report to both a functional manager and a project/product manager, fostering collaboration and flexibility.

A structure with few hierarchical levels, promoting open communication and faster decision-making.

A structure where teams are formed around projects with employees working together to achieve specific goals.

A structure where a company is divided into different divisions based on products, customer groups, or geographic locations.

A structure based on functional areas like research, production, marketing, finance, and human resources.

A tax imposed on goods that are traded across national borders.

A limit on the quantity or value of goods that can be traded between countries.

Agreements where countries voluntarily limit the amount of goods they export and import to each other.

An international organization that sets the rules for global trade between nations.

A financial institution focused on providing loans and grants to developing countries to reduce poverty and promote economic growth.

Any individual, group, or organization that has an interest in or is affected by a business or project.

An intergovernmental organization promoting peace, security, human rights, and sustainable development through international cooperation.