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Globus Final Exam Questions and Essays with 100% Correct Answers
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Globus Final Exam Questions and Essays with 100% Correct Answers
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Globus Final Exam Questions andEssays with 100% Correct Answers
A firm practicing social responsibility seeks to balance the interests of all
stakeholders: - ✔ ✔ Its economic responsibility to shareholders.
Its legal responsibility to comply with the laws of the countries where it operates.
Its ethical responsibility to abide by society's norms .
Its discretionary philanthropic responsibility to meet the unmet needs of society.
Common Corporate Social Responsibility (CSR) Initiatives - ✔ ✔ Efforts to employ
an ethical strategy and observe ethical principles in operating the business.
Making charitable contributions, supporting community service endeavors,
engaging in broader philanthropic initiatives, and reaching out to make a
difference in the lives of the disadvantaged.
Environmental sustainability strategies - ✔ ✔ Entail actions to operate
businesses to protect and enhance natural resources and ecological support
systems, to guard against outcomes that endanger the planet, and to be
sustainable for centuries.
Are directed at improving a firm's triple bottom line (TBL)—its performance
on economic, environmental, and social metrics.
Why Companies Expand into
International Markets - ✔ ✔ To gain access to new customers.
, To achieve lower costs and enhance the firm's competitiveness.
To further exploit its core competencies.
To gain access to resources and capabilities located in foreign markets.
To spread its business risk across a wider market base.
Factors That Shape Strategy Choices
in International Markets - ✔ ✔ The degree to which there are important
country differences in buyer tastes, market sizes, and growth potential.
Whether opportunities exist to gain a location-specific advantage based on wage
rates, worker productivity, inflation rates, energy costs, tax rates, and other
factors that impact cost structure.
The risks of adverse shifts in currency exchange rates.
The extent to which governmental policies affect the business environment .
Differences in local buyer tastes - ✔ ✔ Raise manufacturing and distribution costs.
Reduce scale economies and learning curve effects.
Differences in market growth potential - ✔ ✔ Demographics, income levels,
and cultural
attitudes vary widely in emerging markets.
Lack of infrastructure, distribution systems,
and retail networks limits market growth.
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