According to the Ethical Trading Initiative, child labor cannot be used unless there are no suitable alternatives for employees.
Indicate whether the statement is true or false
Question 2What strategic management challenges are faced by international businesses that have business units scattered around the world? How can a business strategy help improve a firm's ability to compete?
What will be an ideal response?
Question 3Which of the following would Maximus managers most likely cite as a reason to market Maximus cars to the Indian government?
A) The Indian government has issued a proposed purchase order for a fleet of automobiles.
B) Indian government employees can afford automobiles.
C) India's private sector influences government acquisitions.
D) The Indian government has a surplus of used automobiles.
Question 4Which of the following questions would be most important for Maximus managers to consider in determining the best entry strategy for the automaker?
A) What other firms have partnered with family conglomerates?
B) How often do Indians use their cars and for what purpose?
C) What type of automobile should Maximus manufacture in India?
D) How would Maximus benefit from partnering with a family conglomerate?
Question 5Smithson Pottery is considered a regular exporter because the firm fills unsolicited orders from foreign buyers and passively investigates international trade options.
Indicate whether the statement is true or false
Question 6Explain the concept of covered interest arbitrage. Why does it occur?
What will be an ideal response?
Question 7All of the following are examples of global sourcing except ________.
A) Mexican autoworkers manufacture generators in Mexico for General Motors
B) Japanese workers are employed at a Toyota plant in central Japan
C) Microsoft employs skilled workers in India for computer programming
D) Massachusetts General Hospital employs doctors in the Philippines to read x-rays
Question 8Which of the following terms is used to refer to unofficial economic transactions?
A) informal economy
B) national GDP
C) discretionary spending
D) market potential
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