Managing in the Global Environment: Chapter 6
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Questions and Answers

What is the primary purpose of a tariff?

  • To reduce global competition
  • To promote free trade
  • To increase global resource utilization
  • To protect domestic industry and jobs from foreign competition (correct)

    • What is the result of countries specializing in producing goods and services they can produce most efficiently?

  • Increased trade barriers
  • Better use of global resources and lower prices (correct)
  • Decreased global competition
  • Higher prices for goods and services

    • What has opened enormous opportunities for managers to expand their market?

  • Imposition of tariffs
  • Rise of protectionism
  • Increase in global competition
  • Declining trade barriers (correct)

    • What is the outcome of nations becoming increasingly interdependent and similar?

    <p>Integration of economic, political, and social systems</p> Signup and view all the answers

    What is the effect of free trade on global resource utilization?

    <p>Better use of resources</p> Signup and view all the answers

    What is the consequence of managers now being able to buy and sell goods and services globally?

    <p>More dynamic and exciting job of managing</p> Signup and view all the answers

    What is the primary driver of globalization?

    <p>Declining barriers to trade and investment</p> Signup and view all the answers

    What is the outcome of specialization in production?

    <p>Better use of global resources and lower prices</p> Signup and view all the answers

    What has led to increased intensity of global competition?

    <p>Declining trade barriers</p> Signup and view all the answers

    What is the result of nations becoming more integrated and interdependent?

    <p>Integration of economic, political, and social systems</p> Signup and view all the answers

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