B) Churning b 72) Trade unions claim that by permitting international firms to continually move to nations with relatively lower labor standards, globalization ________ labor's bargaining power and forces overall labor standards ________. C) reduces; lower c 73) A special region in which companies can engage in tariff-free importing and c
exporting is called a(n) ________. C) export-processing zone (EPZ) 74) Critics of globalization argue that globalization causes environmental conditions to ________. D) decline significantly d 75) The three main branches of the debate over income inequality include each of the following EXCEPT ________. B) inequality in nongovernmental organizations b 76) A business that has direct investments (in the form of marketing or manufacturing subsidiaries) abroad in multiple countries is called a ________. B) multinational corporation b 77) Which of the following makes the world market more accessible for companies that sell traditional products by lessening the cost and difficulties associated with global communication? A) Technology a 78) Key characteristics of born global firms are an ________ and knowledge- based organizational capabilities. D) innovative culture d 79) The "global business environment" consists of four distinct elements: globalization, national business environments, the international business environment, and ________. B) international firm management b ... ...
Terms Definitions 1) Nokia Corporation uses its knowledge of cultures to adapt its mobile handsets to suit local markets. t 2) The first step in analyzing a nation's potential for international business activity is to examine its customs. f 3) Ethnocentricity improves the ability to manage new business practices abroad. f 4) Democratic nations that value freedom of speech do not regulate economic sectors such as broadcasting. f 5) Subcultures seldom exist in democratic countries with large populations. f 6) Subcultures share the same language, lifestyle, values, and attitudes as the dominant culture. f 7) Mexican immigrants living in the United States comprise a subculture. t 8) All Chinese citizens are fluent in the official Mandarin dialect. f 9) A nation's cultural boundaries do not always correspond to its political boundaries. t 10) Some subcultures exist across national borders. t 11) The cultural component of aesthetics deals with elements such as imagery, symbolism, and the arts. t 12) Black is the universal color that symbolizes death and mourning. f 13) When choosing web site addresses or telephone numbers for businesses that serve Chinese customers, entrepreneurs should attempt to include the number four (4), which is considered to be particularly lucky in China. f 14) In today's global business world, f
the use of a 12-hour clock (as opposed to the 24-hour clock) is universally appropriate. 15) When going global with an Internet presence, it is highly beneficial for a business to localize its web site.
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- Summer '11
- Government, Planned economy, following terms