Managing in the Global Environment: Chapter 6

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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?

Integration of economic, political, and social systems Signup and view all the answers

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

Better use of resources Signup and view all the answers

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

More dynamic and exciting job of managing Signup and view all the answers

What is the primary driver of globalization?

Declining barriers to trade and investment Signup and view all the answers

What is the outcome of specialization in production?

Better use of global resources and lower prices Signup and view all the answers

What has led to increased intensity of global competition?

Declining trade barriers Signup and view all the answers

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

Integration of economic, political, and social systems Signup and view all the answers

Managing in the Global Environment: Chapter 6

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Questions and Answers

What is the primary purpose of a tariff?

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

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

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

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

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

What is the primary driver of globalization?

What is the outcome of specialization in production?

What has led to increased intensity of global competition?

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

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