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Study Resources (Business Management)

Case 4.3 Smart Design: Life Is in the Details Smart Design, a company about designing products for people in their everyday life, operates quietly behind the scenes, developing a wide range of designs for products made and sold by companies around the world. They come up with designs that make everything from.
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Hit & Miss: Starbucks Uses Franchising for UK Expansion You’re in the United Kingdom and you can get an iced Carmel Macchiato at one of any corporate-owned Starbucks stores, right? Well, sort of. You can get the iced coffee drink, but the store isn’t going to be corporate owned. Starbucks, long.
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21. In what ways does NAFTA benefit Canada, the United States, and Mexico? a. It eliminates competition between the countries. b. Regulations were strengthened in banking and reduced for intellectual property. c. It created a common currency. d. The three nations can trade without tariffs or other trade barriers. 22. The ________ was created to.
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11. Which of the following is true about exchange rates? a. Exchange rates are simpler for currencies such as the Russian ruble. b. Exchange rates do not change much over time. c. Exchange rate changes can create a competitive advantage. d. Exchange rates are fixed by treaty. 12. ________ occurs when there is a drop.
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1. ________________A positive balance of trade is referred to as a balance surplus. 2. ________________An unfavorable balance of trade results in a trade deficit. 3. ________________A strong dollar helps the United States create a favorable balance of trade. 4. ________________Currency values rarely fluctuate. 5. ________________The overall flow of money into or out of a.
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1. Nations trade: a. only with smaller countries. b. to provide markets for its products and access to needed resources. c. in order to avoid domestic taxation. d. because it increases employment opportunities and guarantees profits. 2. Boeing sells jetliners in Asia. The jets would be considered _______ in the United States. a. exports b. imports c. exchanges d..
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11. ________________In a free-trade area, the participants have no tariffs or trade restrictions. 12. ________________Most companies choose not to establish an overseas division. 13. ________________Exchange control is the regulation of foreign trade through a central bank or government agency. 14. ________________If a firm allows a foreign company to produce and distribute its products.
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Case 4.1 McDonald’s Local Menu Strategy a Hit With over 34,000 restaurants in 118 countries, global giant McDonald’s is not only the world’s largest burger chain, but one of the fastest growing fast-food chains overseas. The company has become an icon of globalization. Part of the company’s success lies in its ability.
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Hit & Miss: Ford Motor Company: Engineered and Made in Mexico Three of Ford Motor Company’s 77 worldwide factories are located in Mexico, a country once viewed by carmakers as an assembly-only manufacturing destination. Ford’s Mexico unit has tripled its engineering staff and produced 40 patents in less than three years,.
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1. ________________In a global business strategy, a business will adjust how they sell a particular product for each country. 2. ________________When a unique product and/or marketing strategy is designed for each foreign market, a multidomestic business strategy is in use. 3. ________________Companies that neglect the global nature of the Internet can unwittingly.
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Hit & Miss: Turning Technologies Creates High-Tech Jobs Turning Technologies, a technology company based in Youngstown, Ohio, that makes audience-response systems, was helped by a local business organization that provides start-up tech firms with free rent and utilities. Audience response systems are the wireless keypads that spectators use on TV game.
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11.Governments that control access to foreign currency exchange in accordance with national policy are exercising ________________ 12.The ________________ is the accord that removes trade barriers among Canada, Mexico, and the United States. 13.If a country tries to penetrate foreign markets by selling goods or services abroad at a price lower than it.
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1. ________________The United States is the world’s largest importer. 2. ________________Foreign trade is less critical to the United States than to countries such as Mexico. 3. ________________When a nation’s imports exceeds its exports, it is said to have a favorable balance of trade. 4. ________________A favorable balance of payments means that there is.
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1.________________ is the relationship between the flow of money into and out of a country. 2.A complete ban on importing certain products is called an ________________. 3.A ________________ is a tax or surcharge on imports. 4.________________ is selling domestically produced products abroad. 5.A free-trade area between the U.S. and several Central American countries is.
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1.Which of the following is a macroeconomic issue? a.inflation.c.unemployment. b.all of these answers are correctd.the business cycle. 2.The common factor that directly impacts both supply and demand is: a.government policy.c.price. b.advertising.d.gross domestic product. 3.If buyer optimism improves: a.the demand curve shifts to the right. b.the demand curve shifts to the left. c.the supply curve shifts to the right. d.the supply.
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Going Green: Canon Helps With Global Reforestation Forests are home to some 300 million people around the globe, and 1.6 billion people depend upon forest habitats for their survival. The $40 billion global imaging company Canon has made reforesting a priority. Its Canon Forestry Program has planted more than 200,000 trees.
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11.___________________Generally, a decrease in the price of travel will increase the demand for travel. 12. __________________If the price of apples increases, consumers’ demand for apples will also likely increase. 13. __________________A surplus of a product or service will bring the price of that product or service down. 14. __________________Excess demand for a product.
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1.Which of the following does NOT affect the U. S. balance of payments? a.tourismd.foreign investments b.congressional budget actionse.imports c.exports 2.U. S. firms operating abroad must conform to: a.U. S. law.c.international regulations. b.host country law.d.all of these answers are correct. 3.As a result of U. S. ability to grow wheat, there is a surplus. What is the most.
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1.The stage characterized by low unemployment and strong consumer confidence is called: a.recovery.c.depression. b.recession.d.prosperity. 2.A contraction in the gross domestic product (GDP) that lasts six months or more is called: a.prosperity.c.recovery. b.recession.d.depression. 3.When an economic slowdown continues in a downward spiral over a long period of time, we have: a.depression.c.prosperity. b.recession.d.recovery. 4.After an economic downturn, when consumer spending begins.
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21.The ________________ makes long-term loans for economic development projects. 22.International bartering agreements used to facilitate trade are known as ________________. 23.The federation of European countries that seeks to protect and promote trade among them is called the ________________ 24.The ________________ is the institution that succeeded GATT in monitoring and enforcing trade agreements. 25.A ________________.
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1.The United States has been running a trade deficit for several years. What exactly is a trade deficit, and how does it arise? What steps might the United States take to reverse this situation? 2.In today’s growing global market, it’s important for businesspeople to be familiar with exchange rates. Define exchange.
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1.__________________Economics is the study of people and the choices they make in allocating scarce resources. 2.___________________Microeconomics addresses such questions as how to control inflation. 3.___________________If consumers’ incomes increase, more products may be sold, shifting the demand curve to the left. 4.__________________If the demand curve shifts to the right, then the number of buyers.
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1.________________Where obstacles to multinational economic integration still exist, the trend is toward greater free trade. 2. ________________The European Union (EU) is composed of only western European countries in order to avoid trading or job-related conflicts. 3. ________________The General Agreement on Tariffs and Trade (GATT) has been succeeded by the World Trade Organization.
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Solving an Ethical Controversy: Bribery or the Cost of Doing Business Roughly translated, guanxi is the Chinese word for relationships and involves making business connections with local companies and officials. Some say guanxi is a local custom and a generally accepted business practice in China, while others say it is a.
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1. ________________Foreign trade makes up a large portion of American’s business activity. 2. ________________The U.S. mainly trades with Western Europe over other areas of the world. 3. ________________Trading with other countries increases a company’s dependence on economic conditions in its home market. 4. ________________Trading with other countries spreads out risk for multinational firms. 5.If.
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