3. Ford is considering moving its Taurus plant from Edison, NJ to Buenos Aires i

Question

3. Ford is considering moving its Taurus plant from Edison, NJ to Buenos Aires in Argentina, but is intimidated by the fact that the inflation rate in the nation is too high, and their dollar investments may be compromised. Which segment of the general environment does this statement refer to? a. Corporate-financial b. Business-exchange c. Political-legal d. Economic 4. Which of the following is an example of economies of scale? a. Johnson&Johnson; makes fourteen different varieties of b. Intel has a big plant making Centrino chips, reducing the per- . Mutual funds invest their stocks in several different d. Wal-Mart sells certain products very economically, in order Band-Aid for various product segments. unit cost of each chip companies, to offset the risk of one company failing suddenly to attract customers, while other products may be at par with, or even more expensive than competition. 5. The term strategy can be defined as: a. A company's market share, which allows it to outperform b. A coordinated deployment of a firm's resources to achieve c. The sum total of a company's financial, organizational, d. All of the above. competition. competitive advantage physical and human re sources. 6. EB Company sells a large pack of "Cutie" diapers for $20. One pack of diapers requires two pounds of raw material and one hour of direct labor for manufacture. Raw material costs S3 per pound and direct production labor is paid S4 per hour. Fixed supervisory costs are $2,000 per month and EB rents its factory for $4,000 per month. How many packs of diapers should EB break even? sell every month to a. 500 b. 400 ?. 600 d. 800

Explanation / Answer

3. The correct answer is option d.

The economic dimension is nothing but the aspect of general environment that gives clear picture about the complex interactions of economies globally. The organization should monitor the economy efficiently by marketing its products effectively, spending money for growth of business and focusing on the target market. In order to identify the demand, it is important to assess the economic performance of the country. This depends on the population, per capita income and demography of consumers. The elements of the economic dimension of the external environment are interest rates, inflation, unemployment rates, gross national product and value of U.S dollar as compared to other currency.

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