Technological Advancements Overview
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Questions and Answers

Which region has become the primary location for outsourcing services, computer software, and telecommunications?

  • India (correct)
  • Southeast Asia
  • Eastern Europe
  • North America

    • What percentage of global GDP growth is attributed to emerging markets according to the International Monetary Fund?

  • Less than one-third
  • Exactly one-half
  • One-fourth
  • More than half (correct)

    • Which of the following is NOT one of the six categories of risks associated with climate change for companies?

  • Regulatory
  • Supply chain
  • Market saturation (correct)
  • Physical

    • What is a key benefit of cloud computing mentioned in the content?

    <p>Ability to access data anywhere</p> Signup and view all the answers

    What aspect of the environment has been described as accelerating at an unprecedented pace?

    <p>Ecological trends</p> Signup and view all the answers

    How has the cost of photovoltaic solar-power systems changed over the past two decades?

    <p>Decreased by 20% with every doubling of installed capacity</p> Signup and view all the answers

    What is one reason traditional small-scale farming is becoming less viable?

    <p>Corporate farms achieving higher crop yields</p> Signup and view all the answers

    Which category of risk involves the possibility of legal action against a company due to climate change?

    <p>Litigation</p> Signup and view all the answers

    What technology is being integrated into tractors to improve farming efficiency?

    <p>Precision management systems</p> Signup and view all the answers

    Which region is noted as a significant manufacturing supplier to European Union countries?

    <p>Eastern Europe</p> Signup and view all the answers

    What is one of the main outcomes of India graduating more English-speaking scientists and engineers?

    <p>Growth in outsourcing services</p> Signup and view all the answers

    Which of the following is NOT a function of virtual personal assistants?

    <p>Performing manual labor tasks</p> Signup and view all the answers

    What is indicated as a dramatic change in the type of computing devices in the future?

    <p>Desktops becoming obsolete</p> Signup and view all the answers

    Which of the following best describes the effect of emerging markets on the global economy?

    <p>They are responsible for more than half of GDP growth.</p> Signup and view all the answers

    What convergence is creating a new field of life sciences?

    <p>Biotechnology and agriculture</p> Signup and view all the answers

    What is one advantage of precision farming according to the content?

    <p>Decreases overall farming costs and increases yields</p> Signup and view all the answers

    What is one significant benefit of advances in nanotechnology?

    <p>Manufacturing of energy-efficient small devices</p> Signup and view all the answers

    What role does biotechnology play according to the advancements mentioned?

    <p>It provides new approaches to diseases and agriculture</p> Signup and view all the answers

    According to the technological breakthroughs identified, what merging of technologies is highlighted?

    <p>Personal computers, Internet, and telecommunications</p> Signup and view all the answers

    What is the expected usage trend of tablets and smartphones in industrialized nations?

    <p>They will be adopted by a majority of the population</p> Signup and view all the answers

    What is the outcome of connecting homes, autos, and offices into intelligent networks?

    <p>Increased interaction between various devices</p> Signup and view all the answers

    What aspect of communications will tablets and smartphones support in both business and personal contexts?

    <p>Document sharing and data transmission</p> Signup and view all the answers

    Which development is NOT directly linked to the advances mentioned in nanotechnology and biotechnology?

    <p>Creation of virtual reality environments</p> Signup and view all the answers

    How are technological advancements expected to influence social interactions in industrialized nations?

    <p>They will improve connectivity between individuals</p> Signup and view all the answers

    How can a company's environmental practices affect its reputation?

    <p>They can risk brand value due to negative perceptions.</p> Signup and view all the answers

    What advantage does a company gain from having a good record of environmental sustainability?

    <p>Attracting and retaining loyal consumers and investors</p> Signup and view all the answers

    What specific environmental objective has Wal-Mart set for its retail stores?

    <p>Reduce greenhouse gases by 20%</p> Signup and view all the answers

    What is a consequence of a company failing to pursue environmental sustainability?

    <p>Negative brand perceptions</p> Signup and view all the answers

    What measure has Wal-Mart implemented on its suppliers related to sustainability?

    <p>Require suppliers to enhance environmental sustainability</p> Signup and view all the answers

    What measurement tool has been developed recently in regard to sustainability?

    <p>Tools to measure sustainability on various factors</p> Signup and view all the answers

    In what way did Wal-Mart attempt to improve its negative reputation?

    <p>By incorporating environmental sustainability into its business strategy</p> Signup and view all the answers

    What is one specific target Wal-Mart has set regarding its operational efficiency?

    <p>Increase truck fleet efficiency by 25%</p> Signup and view all the answers

    What is a key factor for companies looking to enter emerging markets?

    <p>Identifying the trigger point for demand growth</p> Signup and view all the answers

    Which of the following is NOT mentioned as an element of the sociocultural environment?

    <p>Internet availability</p> Signup and view all the answers

    What skill is emphasized as important for effective managers in understanding market potential?

    <p>Scanning and analyzing data</p> Signup and view all the answers

    Which variable is associated with the economic environment?

    <p>Per capita income</p> Signup and view all the answers

    Which of the following is considered a challenge in the technological environment?

    <p>Regulations on technology transfer</p> Signup and view all the answers

    What identifies specific consumer behaviors in a sociocultural context?

    <p>Language and demographics</p> Signup and view all the answers

    In the context of entering new markets, what does the phrase 'entering where the competition is not' mean?

    <p>Targeting untapped areas with growth potential</p> Signup and view all the answers

    Which factor is a part of the political-legal environment?

    <p>Tax laws</p> Signup and view all the answers

    Which of the following is a critical aspect that affects how companies can operate globally?

    <p>Transport infrastructure</p> Signup and view all the answers

    What does 'outsourcing capability' refer to in an international context?

    <p>The option to employ global resources for cost efficiency</p> Signup and view all the answers

    Which of the following aspects is associated with the ecological environment?

    <p>Passion for environmental causes</p> Signup and view all the answers

    What is typically a consequence of not understanding foreign attitudes towards local business?

    <p>Potential opposition from consumers</p> Signup and view all the answers

    How does currency convertibility affect international business?

    <p>Determines profitability in foreign markets</p> Signup and view all the answers

    Which of the following variables is associated with human rights in international business?

    <p>Labor practices</p> Signup and view all the answers

    Study Notes

    Technological Advancements

    • Nanotechnology enables the production of small, energy-efficient devices.
    • Biotechnology, including gene manipulation, offers innovative solutions in medicine and agriculture.
    • Portable information devices (tablets and smartphones) are becoming widespread in developed nations.
    • The internet and cloud computing facilitate connectivity and data access through devices.
    • Alternative energy sources like wind, solar, hydro, and geothermal are gaining momentum.
    • Precision farming uses technology to optimize crop production and sustainability.
    • Virtual assistants are sophisticated software programs that can manage routine tasks.
    • The emergence of genetically modified organisms blends biotechnology and agriculture.
    • India, with an abundance of English-speaking scientists, is a hub for outsourcing services.
    • Eastern Europe is a major manufacturing supplier to European Union countries.
    • Emerging markets, though representing a smaller share of global GDP, contribute heavily to GDP growth.

    Ecological Challenges & Environmental Sustainability

    • Climate change poses risks for businesses across various categories (regulatory, supply chain, product, litigation, reputational, and physical).
    • Companies' environmental impact can affect their reputation and brand value.
    • Companies that practice environmental sustainability can attract loyal customers, employees, and investors.
    • Wal-Mart's commitment to environmental sustainability has improved its image.
    • Tools are being developed to measure sustainability across various factors.

    International Societal Environments

    • Companies need to consider sociocultural, technological, economic, ecological, and political-legal aspects of global environments.
    • Important variables in international environments include customs, norms, values, technology regulations, economic development, environmental concerns, and government policies.
    • Emerging markets might present significant opportunities for companies, though they may not have a broad demand for products yet.
    • Companies can identify trigger points for demand growth in specific products or services.

    Environmental Scanning

    • Managers need to effectively scan and interpret information to adapt to a dynamic environment.
    • The internet provides an abundance of information, but making sense of it is essential.
    • Understanding and responding to changes in the international environment is crucial for business success.

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    Description

    Explore the key technological advancements shaping our world, from nanotechnology and biotechnology to alternative energy sources. This quiz covers the impact of these innovations on various fields, including agriculture and communication. Test your knowledge on how these technologies are revolutionizing industries and global connectivity.

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