Agro Commodities & Agricultural Produts

Question by slice1pod: I need some business test help asap?
1: To be competitive in a global economy, Europeans must increase their level of
population density.
productivity.
espionage activity.
philanthropic contributions.
wealth.

2. One study found that manufacturing labor costs about __________ an hour in China, compared to __________ dollars in the United States.
Less than $ 1; about 15
$ 2; about 15
Less than $ 1; about 25
$ 2; about 25
Less than $ 1; about 40

3. NAFTA combined the economies of
the U.S., Canada and Mexico.
Canada, Mexico and South America.
South America, the U.S. and Central America.
Latin America, Pacific Rim and the E.U.
the U.S., the E.U. and Canada.

4. The passage of NAFTA has provided short-term benefits to which of the following industries?
The auto industry
Grain producers
The financial industry
Capital-goods suppliers
All of the above have benefited from NAFTA.

5. When identifying the best strategy for competing in a global marketplace, it is helpful to plot a company’s position on a(n)
leadership grid.
force field analysis grid.
integration-responsiveness grid.
cost-benefit grid.
strategy map.

6. Pressure for global integration includes
pressures to reduce costs.
variances in traditional practices.
political demands imposed by host countries.
consumer preferences.
legal demands imposed by host countries.

7. Which of the models of organization structure depends most heavily on communication and coordination between subsidiaries?
The global model
The transnational model
The international model
The worldwide model
The multinational model

8. A disadvantage of licensing is that the licensing company (licensor)
may lose control over its technology.
takes on greater political risk.
takes on greater development costs.
realizes higher profit margins.
hires more people.

9. A disadvantage of entering global competition through a joint venture is
it may present political barriers.
the partner’s knowledge of local tastes and preferences may interfere with standardized operations.
conflict over who controls what resources within a joint venture causes many joint ventures to fail.
it is a seldom used strategy, offering many unknowns.
there is seldom an agreement in place covering the joint venture.

10. McDonald’s uses __________ to participate in the global marketplace.
licensing
franchising
exporting
joint ventures
wholly owned subsidiaries

Best answer:

Answer by gjonesgrad
1. Productivity
2. Less than $ 1; about $ 15
3. Canada, Mexico, South America
4. All of the Above
5. force field analysis grid
6. Pressures to reduce costs
7. International Model
8. May lose control over its technology
9. It is a seldom used strategy, offering many unknowns.
10. wholly owned subsidiaries

What do you think? Answer below!