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According to online sources, a fast-food chain plans to sell a $5.00 meal bundle this summer (e.g., a hamburger, fries, and drink for $5.00), as it seeks to hang on to cost-conscious customers. Using the SWOT analysis, how would you classify the company’s efforts to boost traffic and offer new promotions to bring back fast-food customers?

A new work policy requires all employees to work in the office every day of the week. Justin has been working from home for more than four years and is enjoying his work arrangements. Since he works for a call center, he is never face-to-face with customers and does not like or understand this new policy. He does not recognize the need for this new policy and is considering asking his manager for an explanation. He hopes he can still find a way to work from home. Considering the change process, Justin’s hopes represent the denial stage.

The highest cost/highest risk form of global business is:

A U.S.-based firm sells potato chips. The chips are made exclusively from potatoes grown in Canada. When Canada sells the potatoes to the U.S., this is an example of:

The last step of the strategic planning process is implementing and controlling strategies. Controlling includes the following, EXCEPT:

Ty works on site at a call center. A new work policy requires Ty to wear business casual attire every day of the week. Previously, he enjoyed wearing jeans. Since he works at a call center, he is never face-to-face with customers and does not like or understand this new policy. He does not recognize the need for this new policy and is considering asking his manager for an explanation. He hopes he can still find a way to wear whatever clothes or pants he wants. What stage of the change process do his hopes represent?

Companies such as McDonald’s (fast-food chain), Dunkin’ (coffee company), Organgetheory Fitness (fitness company), and Planet Fitness (another fitness company) are examples of a _______, where the company licenses the entire business to an individual or group for a fee and royalties.

A U.S.-based firm builds and operates a potato chip production plant in Canada. This is an example of direct investment.

Intrapreneurs are self-employed and start new business ventures.

Innovative cultures commonly share the following characteristics, EXCEPT: