Question

The forces in the _____________ environment that occur the firm s home country are the same as those in the _____________ environment.

		domestic, foreign
		foreign, domestic

A company deciding to lay off a percentage of its workforce is an example of an external or internal force?

		internal
		external

The North American Free Trade Agreement (NAFTA) is an example of a(n) __________.

		international organization
		Regional Trade Agreement
		International Law
		Tariff

Import-substitution industrialization (ISI) is an economic model that generally favors __________.

		Protectionism
		Free Trade
		Dogs

Answer 1

1.domestic, foreign

The domestic forces are similar to the foreign forces faced by a firm, the foreign forces are more dynamic and far more difficult to predict and fight against than in domestic competition.

2.Regional Trade Agreement

It is a regional trade aggrement, as NAFTA , now USMCA is an agreement between the US, Canada and Mexico serveing only the North American continent.

3. Protectionism

Its is a situation when and economy chooses to replace imports with domestic production of a certain good or service.

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