In which of the following industries is the US not yet greatly challenged by foreign competitors?

91) Which of the following U.S. industries isnotyet greatly challenged by foreign competitors?A) Aircraft manufacturingB) Auto manufacturingC) Heavy equipment manufacturingD) Tire manufacturingE) Furniture manufacturingAnswer:EDiff: 2Page Ref: 334

Objective:11.03 Explain when and why a firm (or industry) may need to become more or lessglobal in nature to compete.92) Which U.S. industry is already greatly challenged by foreign competitors?EDiff: 2Page Ref: 334

Objective:11.03 Explain when and why a firm (or industry) may need to become more or lessglobal in nature to compete.93) The lowest cost source for precision machinery isDDiff: 2Page Ref: 334

Objective:11.03 Explain when and why a firm (or industry) may need to become more or lessglobal in nature to compete.

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In which of the following industries is the US not yet greatly challenged by foreign competitors?

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Strategic Management: Theory & Cases: An Integrated Approach

Hill/Schilling

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94) _______ is a process of doing business worldwide, so strategic decisions are made based onglobal profitability of the firm rather than just domestic considerations.C

Diff: 1Page Ref: 334Objective:11.03 Explain when and why a firm (or industry) may need to become more or lessglobal in nature to compete.95) Two consecutive quarters of a decline in real gross domestic product is commonly used as adefinition ofA) a depression.B) a recession.C) a cultural pitfall.D) protectionism.E) a joint venture.Answer:BDiff: 1Page Ref: 335

Objective:11.03 Explain when and why a firm (or industry) may need to become more or lessglobal in nature to compete.96) In South Korea, activities involve concern for _______, or harmony based on respect ofhierarchical relationships, including obedience to authority.B

Diff: 2Page Ref: 335AACSB:Multicultural and DiversityObjective:11.07 Discuss communication differences across countries.97) In Europe it is generally true that the farther _______ on the continent, the moreparticipatory the management style.DDiff: 1Page Ref: 335

AACSB:Multicultural and DiversityObjective:11.06 Describe how management style varies across Europe.

98) Which of the following isnottrue regarding European workers and workplaces?D

Diff: 2Page Ref: 335AACSB:Multicultural and DiversityObjective:11.06 Describe how management style varies across Europe.

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In which of the following industries is the US not yet seriously challenged by foreign competitors?

Exactly 70 percent of the world's population lives outside of the USA. The U.S. furniture manufacturing industry is not yet greatly challenged by foreign competitors.

Why competitors in foreign markets may not exist or competition may be less intense than in domestic markets?

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Which of the following is a potential benefit of a multinational corporation?

In terms of efficiency, multinational companies are able to reach their target markets more easily because they manufacture in the countries where the target markets are. Also, they can easily access raw materials and cheaper labor costs.

Which of the following are potential risks of doing business in different countries?

The main risks that are associated with businesses engaging in international finance include foreign exchange risk and political risk. These challenges may sometimes make it difficult for companies to maintain constant and reliable revenue.