Question

In: Finance

1. Which of the following is a particular challenge for a global company?

a. maintaining quality product standards throughout the company’s facilities

b. saving on raw materials and labour

c. ability to market a product worldwide

d. worldwide access to knowledge and ideas

2. Political risk can take the form of which of the following?

a. financial gain

b. increased market share

c. technical breakdown

d. all of the above

3. When you are underpaid, you are paid enough to live on.

a. True

b. False

4. The process of using natural resources, materials, or finished products to satisfy human wants or needs is called.... (Standard I-International Business Vocabulary and Definitions)

a. Export

b. Consumption

c. Resources

d. Trade

Expert Solution

1. Option (c) is correct

Ability to market a product worldwide is a challenge for a global company. While designing the strategy to market the product worldwide, the company will have to understand the preferences, attributes, culture, perceptions and needs of various countries, as what works in our country / domestic market may not work in other countries.

Option (a) is incorrect because maintaining quality product standards is a company specific or internal company matter.

Option (b) and option (d) are incorrect because saving on raw material and labour and worldwide access to knowledge and ideas are opportunities for the company, not a challenge for it.

2. Option (c) is correct

Technical breakdown can be a political risk also because in certain countries there may be stringent labor laws so as to make the entry of technical labor difficult. So the company may face the shortage of technical staff in case of technical breakdown.

Option (a), (b) and (d) are incorrect because financial gain and increased market share are not the risks rather than they are the opportunities.

3. Option (b) is correct

This statement is false.

When you are underpaid, you are not paid enough to live on.

4. Option (b) is correct

The process of using the natural resources, materials or finished products to satisfy human wants or needs is called Consumption.

jeff jeffy answered 2 years ago

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