Exam 3: Exploring Global Business

What type of international expansion did BMW engage in when it built production lines in the United States?

Anup decides to take her small company international. She needs a low-risk method that won't require a large investment. She knows she might need to choose a method where she doesn't maintain 100% control over what happens with her product in the international markets. Which of the following would most likely be Anup's first step in going global?

The Canadian Department of Finance likely raised tariffs on Chinese solar-product manufacturers in an effort to do which of the following?

If the Korean government charged tariffs on Japanese automobiles and in turn the Japanese government put tariffs on Korean automobiles, what would be Japan's major rationale for imposing these tariffs?

Suppose that Peru increases tariffs on food products imported from Mexico. What is the desired effect of this tariff?

Canada imports trillions of dollars of goods per year. What is a benefit of importing for Canada?

Suppose that last year it cost 1000 British pounds to buy a Canadian-made bicycle from Canada. Due to changes in the currency exchange rate, a few months later the same bicycle cost only 800 British pounds to purchase. What will be the likely result of this change?

Exchange rates between countries are usually determined by which of the following?

If Australia changed the average import tariff on all goods from 30% to 2%, what would be the expected impact?

When a chain of organic coffee shops in Vancouver purchases coffee from Colombia, it is doing which of the following?

In 2014, Canada imported $2 billion in computers. As a result of these imports, Canadian consumers had a ________ variety of computers to choose from and likely paid a ________ price than if the computers were produced in Canada.

Areas of rural Bangladesh lack basic infrastructure, such as working roads, electricity, and clean water. What international organization could most likely assist in this situation?

When Sony Corporation of Japan purchased Columbia Pictures Entertainment, Inc., of the United States, which of the following was made by Sony?

Someone in support of trade restrictions would make which of the following arguments?

Approximately 11 million people in Indonesia live without access to sanitation and 9 million lack access to safe water. Which organization could provide help with infrastructure to help Indonesia's poor?

If Canada and Japan cannot settle their trade disputes on their own, they should probably settle them through which of the following entities?

The United States bans Cuban cigars and other Cuban products from entering the United States because of political difficulties. What is this action called?

If the developing African country of Ethiopia were struggling to provide clean water to its citizens in rural areas, it would most likely seek assistance from which of the following?

Which countries are members of NAFTA?

China has become a dominant exporter of electronics to Canadian and European markets. What is a direct effect of China's growth in exports?