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Study Resources (Business Management)

1. While several forces at work together have dissolved national borders, the most influential of these forces is: a. international travel. b. foreign exchange and other financial activities. c. hospitality and other industrial activities. d. the increasing flow of communication. 2. Which of the following statements about transnational enterprises is false? a. It owns and controls.
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1. Which of the following were among the first organizations to inform potential guests of the quality of specific lodging accommodations? a. state or regional governments b. national tourism organizations c. automobile manufacturers d. cycling clubs 2. Which of the following is an important purpose of hotel classification systems? a. to create new markets b. to standardize.
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1.How important is it for nations to control natural resources? Is China’s growth threatened if it needs to rely on foreign owned sources of raw materials? 2.Should there be separate rules for state owned acquirers like SINOPEC? 3.Should countries have special rules for acquisitions of natural resource companies by foreign-based companies? 4.If China’s.
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1. Most marketing experts agree that the best marketing decisions come from: a. experience. b. research. c. intuition. d. a blend of experience, research, intuition, and judgment. 2. A hotel’s international marketing strategy requires the selection of: a. specific target markets. b. distribution channels. c. communication and promotion methods. d. all of the above 3. Which of the following is.
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8.How did import substitution policies affect the economies of Brazil and Argentina? 1.Regional trading blocs, such as the EU and NAFTA, are growing in importance.  What are the implications of these trading blocs for international business?  Are they helpful or harmful?  How may they affect a firm’s investment decisions? .
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1. The effect of high room taxes tends to be that: a. fair competition in the local lodging industry is disrupted. b. the competitive position of the destination becomes less favorable. c. hotels must increase their employee-to-room ratio. d. all of the above 2. A travel allowance is a government-imposed restriction that limits the: a. number.
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1. Which of the following was an American hotel innovation? a. spacious public rooms for socializing b. luxury hotels c. private baths d. all of the above 2. Which of the following was among the factors that deterred American hotel operators from investing money in hotels abroad before World War II? a. anti-American sentiment in Central.
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                Goal-setting, forecasting, and budgeting are primarily __________ functions. a. planning b. coordinating c. directing d. controlling                 Which of the following observations is not valid about organizational structures of international hotels? a. Food, beverages, banqueting, and off-site outlets may account for about two-thirds of the revenues of a Japanese hotel. b. Food, beverages, banqueting, and off-site.
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1.Which of the following is considered a human resource development activity? a.setting performance standards b.compensation administration c.recruitment d.promotion 2.In developing countries, skilled hospitality personnel are sometimes difficult to find because: a.there is a general labor shortage. b.there is a shortage of training facilities and trainers. c.of poor working conditions. d.of high labor turnover. 3.Strategies to attract and retain workers in.
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       Under a management contract’s terms, the owner of a hotel property is not responsible for: a.working capital. b.operating decisions. c.operating expenses. d.debt service.        Negotiation of a fee structure that is fair and affordable requires: a.              standardized fee structure rules for various properties. b.              mediation by a neutral party. c.              adequate incentives for the owner to generate.
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2.Many American and European business people argue that the keiretsu system in Japan acts as a barrier to foreign companies entering the Japanese market.  Why do you think they believe this? 3.Ethnic ties, old colonial alliances, and shared languages appear to affect international trade.  Why might this be so?  If true,.
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1. International hotel developers should include the hotel operator in the early stages of hotel development because: a. affiliation with an established hotel chain can help the developer secure financing. b. only an operator can perform a realistic market feasibility study. c. the operator’s corporate resources can be used to pay for development.
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4.South Korea is prominently featured in many lists of “emerging markets.” (For example: see Table 1.2 on page 11) Is South Korea an emerging market? Defend your answer. How would you define an emerging market? 5.What can African countries do to encourage more foreign investment in their economies? .
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5. Increasingly, H&M targets emerging markets like China, Russia, and Saudi Arabia, often characterized by distinctive cultures, lower incomes, and inexperience with leading-edge fashion. Thinking in terms of marketing program elements, what can management do to ensure H&M succeeds in these markets? .
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3. TEK management attempts to maintain a reasonable ratio of debt to equity. Most firms prefer relatively low levels of debt in their capital structures. Why? What other approaches could TEK use to generate financing for its international operations? What approaches can TEK use to transfer funds within its operations.
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1. Describe the marketing program elements and how each influences sales and performance in international business. 2. Audrey Corp. has historically adapted its offerings for all its foreign markets, leading to a proliferation of product variations. Explain why Audrey Corp. might want to consider global marketing strategy. What are the benefits.
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1. Equity investment criteria for specific hotel projects usually include which of the following? a. adequate cash flow to service the investment b. a long payback period c. subordination of management fees d. availability of full recourse loans 2. In order to obtain Euroyen financing, a hotel project must have: a. Japanese ownership. b. diversified sources of.
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1.  What is international human resource management (IHRM)? Why is it      important to internationalizing firms? What is the role of IHRM in company      strategy? 2.  Under what circumstances would an MNE staff itself with (a) parent-      country nationals, (b) host-country nationals, and (c) third-country nationals? 3.  What are the characteristics of managers.
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1. Managing the resources of a transnational organization in accordance with local customs and traditions: a. is a generic approach to competing in the international market. b. would be easy to coordinate and control. c. is not as competitive as putting out a perfect product. d. would be the ultimate competitive edge in a.
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1. Traditionally, Japanese MNEs followed an ethnocentric orientation in international staffing, in which managers from headquarters hold key subsidiary positions. Sony is shifting away from this model. What approach should Sony follow for staffing its subsidiaries? When recruiting expatriates for foreign operations, what characteristics should Sony emphasize to ensure its.
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5. What are the major steps in capital budgeting? For what types of ventures do international managers typically engage in capital budgeting? 6. What are the types of currency exposure? Why is currency exposure potentially harmful to the firm’s international operations? How can managers go about forecasting currency exposure? What steps.
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1. Visit H&M’s website at www.hm.com. What are the characteristics of H&M’s global market segment(s)? How does H&M position itself in the minds of target customers around the world? 2.  How does management at H&M use global branding and global product development to create and offer its fashions? How does the.
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1. Overly restrictive immigration and work policies are likely to cause: a. a concentration of economic power in the hands of foreign hotel investors. b. local skilled workers to leave the community in search of better compensation. c. a weakening of the local hotel industry’s competitive position. d. domestic hotels to have a competitive.
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1. A hotel industry study in Toronto showed that although cultural diversity in the workplace has positive effects, it can be a negative force when: a. departmental concentration of minority ethnic groups causes conflicts between individuals due to language or cultural differences. b. new immigrant groups provide a large source of potential.
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