Download The Big Squeeze Study Guide

The Big Squeeze Study Guide
The general _________ ____________ is the overall environment that has an impact on most businesses.
Advances in ______________ change the way most companies do business, regardless of size and industry.
Having easy access to __________ ___________ would encourage a business to open in a specific location.
Strict government regulations, high unemployment rates, and easy access to competitors' products would
__________ businesses from opening in a certain location.
Businesses are affected by the ____________ of the people who buy from them.
Examples of environmental factors affecting the business environment:
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____________ __________, which is how an individual approaches the task of supervising, affects the internal
business environment and the way employees work and interact with one another.
The business cycle, industry trends, and exchange rates are _________ factors that affect the business
environment.
A main reason that environmental scanning is important is so that businesses can be aware of _________
_________ and ___________.
The aging of the population is a ________________ trend since it refers to demographic data (age). Shifting
political climates is a _______________ or ___________ trend. Rising interest rates is an ______________
trend. A concern for fitness and health is a _________/_________ attitude.
The economy's effect on the _____________ is an example of how environmental factors are interrelated.
The first step in conducting an environmental scan is to ____________ ___________ and their responsibilities.
A business should conduct ________________ _______ on a continuous basis so that it can respond to
opportunities and threats quickly.
__________ ________ are goods and services that are used by all people and cannot be withheld from those
who don't help to pay for them.
_____________ tax rates will stimulate the economy because disposable income, the money people have left
after paying taxes, will increase.
_________ ____________ are assistance by government to maintain the price of a good or service to enable
producers to earn a profit.
The government can refuse to grant a license to ______________ _____________.
A ______________ is a collection (or file) of related information about a specific topic. Many businesses
collect information about their ______________ and store this information in computer databases.
One of the reasons why the federal government awards patents is to encourage businesses to do __________
and continue to develop ______ _________ and ___________.
The _______ ________ _____ requires businesses to hire, train, transfer, and promote employees without
regard to race, color, gender, religion, or national origin. The _______-________ ______ deals primarily with
pricing practices. The ________ _________ _______ deals with monopolies and competition. The
___________ __________ ______ created the Federal Reserve.
____________ is a type of intangible property because it is not capable of being detected through the senses.
___________ property is capable of being touched, smelled, tasted, seen, or heard, such as office equipment.
A business might be sued for _____________ if it does not take reasonable precautions to protect workers
from risks or health hazards on the job.
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The advantage to a business of filing Chapter 11 bankruptcy is that the process allows the business to
_________________ in an attempt to keep operating.
Businesses often evaluate the risk of operating in certain countries based on the ____________ __________
of the government.
An ____________ is an action that suspends all import-export trade with another country.
By offering their products in other countries, businesses are able to reach _______ ___________ to which
they have not previously been able to sell their products.
_________________ of all types have enabled global markets to function effectively.
__________________ is the rapid and unimpeded flow of capital, labor, and ideas across national borders.
Because many developing countries have less stringent ______ _____ than the U.S., some U.S. based
businesses have moved some of their operations (e.g., call centers) to other countries. This practice is often
called __________________.
A _________________ advantage is the benefit that a country obtains from specializing in and producing
goods and services at which it is relatively most efficient.
The U.S. produces widgets faster and cheaper than Switzerland. In this example, the U.S. has a(n)
__________advantage.
A trade __________ exists when a nation's exports are greater than its imports. A trade surplus
___________the gross domestic product and can lead to a higher standard of living and more job
opportunities. A _________ of trade is the difference between the exports and imports of a nation. A trade
_________ exists when imports are greater than exports.
Levels of inflation and unemployment are factors that make the ___________ of nations more or less
____________ with each other.
A country with a weak ____________ must pay more to countries with strong ______________ values to
purchase necessary goods and services. Because it is more expensive to import goods, a country with a weak
currency tends to _______________ its imports and _____________ its exports. Exports __________ because
nations possessing a strong currency can obtain more products at a cheaper price from the country with the
weak currency.
Business people need to be aware of the meaning of ______________ __________________ in other cultures
in order to avoid being insulting or rude.
___________ influences verbal communication, even in countries that basically speak the same language.
Non-verbal communication (body language) involves _______________ or ____________
_________________ rather than the use of words.
A business's ______________________ responsibility involves its contributions to charity.
Businesses that practice good ________ usually build positive public images and attract long-term customers
An increased financial risk for a company with poor business ethics is decreased company __________.
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