U)SFirms That Sell Products in Foreign Markets Protested the "Buy

question 61

Multiple Choice

U) S.firms that sell products in foreign markets protested the "Buy American" provision in the 2009 stimulus bill,arguing that if the United States restricted imports from foreign firms,

• A) foreign countries would likely retaliate by limiting U.S. exports.
• B) foreign firms would stop selling all products in the United States.
• C) U.S. firms would never be able to meet the increased demand for U.S.-produced goods.
• D) eventually the government would demand price cuts from U.S. manufacturers.

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Definitions:

Environmental Scanners

Individuals or tools that continuously monitor an organization’s external and internal environment to detect early signs of opportunities and threats that may influence strategic planning.

Critical Events

Significant occurrences that have a profound impact on an organization, requiring immediate attention and action.

Competitive Intelligence

The gathering and analysis of information about competitors' activities and strategies to inform business decision-making.

Formal Approach

A structured method or procedure in management and organization, characterized by established rules and regulations.