chapter 2

Question 1

The General Environment includes?

Answer 1

Economic, Technological, and Political–Legal Dimension

Question 2

The Task Environment includes?

Answer 2

competitors, customers, suppliers, strategic partners, and regulators.

Question 3

The Internal Environment

Answer 3

owners, boards of directors, employees, and physical work environment.

Question 4

The external environment

Answer 4

everything outside an organization’s boundaries that might affect it.

Question 5

Licensing

Answer 5

one company allows another company to use its brand name in exchange for a royalty based on sales

Question 6

Direct investment

Answer 6

When a firm builds/purchases operating facilities in a different country

Question 7

North American Free Trade Agreement (NAFTA)

Answer 7

An agreement between the United States, Canada, and Mexico to promote trade with one another

Question 8

United States–Mexico–Canada Agreement (USMCA)

Answer 8

Revised and amended NAFTA to provide greater incentives for Mexico to increase its imports from the United States