Chapter 3

Question 1

Type of Workforce Reductions

Answer 1

Layoffs, termination, outplacement, employment at will

Question 2

Trade Barriers

Answer 2

Tariff and Non tariff Barriers: they are one of the major issues confronting international marketers

Question 3

Global Supply Chain

Answer 3

These are the main areas of concern to manage: Role of JIT; Role of Information
Technology; Coordination in Global Supply Chain; and Interorganizational Relationships.

Question 4

Performance appraisal (PA)

Answer 4

It is the assessment of an employee’s job performance

Question 5

Human Resource Management

Answer 5

This role has a critical impact on the people , culture , incentive , and control system elements of the firm’s organizational architecture

Question 6

International Marketing

Answer 6

The performance of business activities: Plan, price, promotion, direct flow of goods and services for profit, for consumers or users in more than one nation

Question 7

Geocentric Approach in Human Resource Management

Answer 7

Seeks the best people for key jobs
throughout the organization, regardless of nationality

Question 8

Globalization of Production

Answer 8

The sourcing goods to take advantage of differences in cost and quality of factors of production.

Question 9

Global Organizations

Answer 9

Institutions needed to help manage, regulate, and police global marketplace .
e.g. WTO, IMF, WB, UN

Question 10

World Trade Organization (WTO)

Answer 10

Polices the world trading system , ensur es nation states adhere to
the rules, facilitates multinational agreements among members

Question 11

International Business Benefits : s

Answer 11

International Business Benefits : Peace, Trade World, Poverty Reduction, Integrated Economies