Question 1

Briefly describe the General Agreement on Tariffs and Trade (GATT).

Accepted Answer

The answer of Briefly describe the General Agreement on Tariffs...

Question 2

The world's largest manufacturer of peppermint candy canes was in Albany, Georgia, until it could no longer afford to buy the sugar needed for its operation. It moved its manufacturing business to Mexico where there are no restrictions (as existed in the U.S.) on the amount of sugar that can be brought into the nation. The movement of this U.S. business to Mexico was caused by a(n) ________established by the U.S.
Government.

Accepted Answer

A)  excise tax
B)  quota
C)  tariff
D)  blocked currencyE) A) and C)
F) B) and D)

Question 3

Those in favour of protectionism would never say that protectionism:

Accepted Answer

A)  discourages economic dependency on foreign countries.
B)  helps reduce tariffs and quotas.
C)  encourages the development of domestic industries.
D)  protects a nation's political security.E) A) and C)
F) B) and D)

Question 4

Briefly describe the concept of economic espionage. Give an example.

Accepted Answer

The answer of Briefly describe the concept of economic espionage....

Question 5

The most significant difference between direct exporting and indirect exporting is that the exporting firm operates ________in the foreign country.

Accepted Answer

A)  without paying import duties
B)  without paying export duties
C)  through an intermediary
D)  in violation of a quotaE) A) and D)
F) None of the above

Question 6

The Dutch lead the world in the cut-flower industry because of their research in flower cultivation, packaging, and shipping-not because of their weather. This is an example of________ in their competitive advantage as a nation.

Accepted Answer

A)  demand conditions
B)  factor conditions
C)  socio-cultural conditions
D)  structural conditionsE) B) and C)
F) B) and D)

Question 7

Briefly describe what is meant by economic infrastructure and give an example of how each element of it may affect marketing plans.

Accepted Answer

The answer of Briefly describe what is meant by economic...

Question 8

A joint venture in international marketing is:

Accepted Answer

A)  contracting with a foreign firm to manufacture products according to certain specifications.
B)  having a company handle its own exports directly, without intermediaries.
C)  offering the right to a trademark, patent, trade secret, or similarly valued items of intellectual property in return for a royalty or fee.
D)  when a foreign company and a local firm invest together to create a local business.E) None of the above
F) A) and C)

Question 9

Which of the following is a disadvantage associated with licensing?

Accepted Answer

A)  increase of profit potential
B)  creates its own competition
C)  complete control of the product
D)  lower wages and pricesE) A) and B)
F) None of the above

Question 10

Back translation is:

Accepted Answer

A)  translating words from one foreign alphabet into another.
B)  retranslating a word or phrase into the original language using a different interpreter to catch errors.
C)  recording the spoken word into a foreign transliteration.
D)  recording the hidden meaning behind the written term.E) A) and B)
F) None of the above

Question 11

Which of the following is an advantage inherent in the use of licensing?

Accepted Answer

A)  high risk
B)  high entry costs
C)  the ability to gain information about the dynamics of the market
D)  increased employment in the company licensing its brand or technologyE) A) and B)
F) None of the above

Question 12

One major difference between contract assembly and contract manufacturing is that the domestic firm ships ________to the foreign firm.

Accepted Answer

A)  products to sell locally
B)  products to sell internationally
C)  product components
D)  technical specificationsE) A) and C)
F) A) and D)

Question 13

Which of the following statements about Canadian gross domestic product (GDP) is NOT true?

Accepted Answer

A)  Canada exports over 35% of GDP, making it an important trading nation.
B)  The three largest importers of Canadian goods and services are the United States, Japan and the European Union (EU) .
C)  Canada's gross domestic product is valued at over $1.75 trillion.
D)  Canada exports over 50% of GDP, making it an important trading nation.E) All of the above
F) C) and D)

Question 14

All of the following are suitable reasons why Target entered Canada except:

Accepted Answer

A)  understanding that numerous Canadians cross-border shop at Target stores
B)  large Canadian market potential
C)  declining customer satisfaction in the USA
D)  adoption of NAFTA by Canada and the USAE) None of the above
F) All of the above

Question 15

If your primary motive were to raise prices on imports, would you use tariffs or quotas? Why?

Accepted Answer

The answer of If your primary motive were to raise...

Question 16

Coca-Cola views their business of selling soft-drinks in the North American market very different in comparison to their views of selling soft-drinks in India. Coca-Cola would be viewed as a(n) :

Accepted Answer

A)  multinational firm.
B)  economic intruder.
C)  foreign exploiter.
D)  international firm.E) B) and C)
F) A) and D)

Question 17

A Canadian bicycle manufacturer has formed an agreement with a firm in Thailand for them to build bikes according to detailed specifications. The Canadian firm is operating under which pretense:

Accepted Answer

A)  contract manufacturing.
B)  indirect manufacturing.
C)  licensing.
D)  foreign manufacturing.E) B) and C)
F) A) and D)

Question 18

When General Mills and Nestlé formed 'Cereal Partners Worldwide,' they created a(n)

Accepted Answer

A)  restraint of trade
B)  oligopoly
C)  strategic alliance
D)  monopolyE) None of the above
F) A) and D)

Question 19

Why might an upstart firm developing a new type of landing gear want to locate in Quebec's advanced aerospace cluster, home to firms such as Boeing, Bombardier, Pratt & Whitney, and Rolls Royce?

Accepted Answer

A)  demand conditions
B)  company structure, strategy, and rivalry
C)  factor conditions
D)  related and supporting industriesE) A) and B)
F) A) and C)

Question 20

The PRS group maintains a website that can be used to determine:

Accepted Answer

A)  whether consumers in different countries like American products.
B)  a list of all companies in each country.
C)  the tariffs of each country.
D)  a country's political risk ratings.E) A) and C)
F) A) and D)

Exam 7: Reaching Global Markets

The most significant difference between direct exporting and indirect exporting is that the exporting firm operates ________in the foreign country.

Correct Answer
verified

One major difference between contract assembly and contract manufacturing is that the domestic firm ships ________to the foreign firm.

Correct Answer
verified

Why might an upstart firm developing a new type of landing gear want to locate in Quebec's advanced aerospace cluster, home to firms such as Boeing, Bombardier, Pratt & Whitney, and Rolls Royce?

Correct Answer
verified

Briefly describe the concept of economic espionage. Give an example.

Correct Answer
verified

Which of the following statements about Canadian gross domestic product (GDP) is NOT true?

Correct Answer
verified

Which of the following is a disadvantage associated with licensing?

Correct Answer
verified

Back translation is:

Correct Answer
verified

All of the following are suitable reasons why Target entered Canada except:

Correct Answer
verified

Those in favour of protectionism would never say that protectionism:

Correct Answer
verified

When General Mills and Nestlé formed 'Cereal Partners Worldwide,' they created a(n)

Correct Answer
verified

Coca-Cola views their business of selling soft-drinks in the North American market very different in comparison to their views of selling soft-drinks in India. Coca-Cola would be viewed as a(n) :

Correct Answer
verified

Briefly describe what is meant by economic infrastructure and give an example of how each element of it may affect marketing plans.

Correct Answer
verified

If your primary motive were to raise prices on imports, would you use tariffs or quotas? Why?

Correct Answer
verified

The PRS group maintains a website that can be used to determine:

Correct Answer
verified

A Canadian bicycle manufacturer has formed an agreement with a firm in Thailand for them to build bikes according to detailed specifications. The Canadian firm is operating under which pretense:

Correct Answer
verified

Briefly describe the General Agreement on Tariffs and Trade (GATT).

Correct Answer
verified

A joint venture in international marketing is:

Correct Answer
verified

The Dutch lead the world in the cut-flower industry because of their research in flower cultivation, packaging, and shipping-not because of their weather. This is an example of________ in their competitive advantage as a nation.

Correct Answer
verified

Correct Answer
verified

Which of the following is an advantage inherent in the use of licensing?

Correct Answer
verified

Exam 7: Reaching Global Markets

The most significant difference between direct exporting and indirect exporting is that the exporting firm operates ________in the foreign country.

Correct AnswerverifiedShow Answer

One major difference between contract assembly and contract manufacturing is that the domestic firm ships ________to the foreign firm.

Correct AnswerverifiedShow Answer

Why might an upstart firm developing a new type of landing gear want to locate in Quebec's advanced aerospace cluster, home to firms such as Boeing, Bombardier, Pratt & Whitney, and Rolls Royce?

Correct AnswerverifiedShow Answer

Briefly describe the concept of economic espionage. Give an example.

Correct AnswerverifiedShow Answer

Which of the following statements about Canadian gross domestic product (GDP) is NOT true?

Correct AnswerverifiedShow Answer

Which of the following is a disadvantage associated with licensing?

Correct AnswerverifiedShow Answer

Back translation is:

Correct AnswerverifiedShow Answer

All of the following are suitable reasons why Target entered Canada except:

Correct AnswerverifiedShow Answer

Those in favour of protectionism would never say that protectionism:

Correct AnswerverifiedShow Answer

When General Mills and Nestlé formed 'Cereal Partners Worldwide,' they created a(n)

Correct AnswerverifiedShow Answer

Coca-Cola views their business of selling soft-drinks in the North American market very different in comparison to their views of selling soft-drinks in India. Coca-Cola would be viewed as a(n) :

Correct AnswerverifiedShow Answer

Briefly describe what is meant by economic infrastructure and give an example of how each element of it may affect marketing plans.

Correct AnswerverifiedShow Answer

If your primary motive were to raise prices on imports, would you use tariffs or quotas? Why?

Correct AnswerverifiedShow Answer

The PRS group maintains a website that can be used to determine:

Correct AnswerverifiedShow Answer

A Canadian bicycle manufacturer has formed an agreement with a firm in Thailand for them to build bikes according to detailed specifications. The Canadian firm is operating under which pretense:

Correct AnswerverifiedShow Answer

Briefly describe the General Agreement on Tariffs and Trade (GATT).

Correct AnswerverifiedShow Answer

A joint venture in international marketing is:

Correct AnswerverifiedShow Answer

The Dutch lead the world in the cut-flower industry because of their research in flower cultivation, packaging, and shipping-not because of their weather. This is an example of________ in their competitive advantage as a nation.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Which of the following is an advantage inherent in the use of licensing?

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified