Exam 4: Understanding the Global Context of Business

Which of the following denotes the international organization strategy of finding a partner in the country in which a company would like to conduct business?

Which of the following,if true,would strengthen the argument for venturing into the Chinese market?

China and India require that when foreign firms enter into joint ventures with local firms,the local partners must have the controlling ownership stake.What is this an example of?

Today,fixed exchange rates are the norm for most major nations of the world.

Which of the following refers to the practice of selling a product abroad for less than the cost of production?

Which of the following treaties sought to eliminate trade barriers such as tariffs and quotas?

What is it called when a company sends some of its own managers overseas to conduct business in a local office?

Which of the following,if true,would MOST weaken the argument for venturing into the Chinese market?

What countries are included in NAFTA?

Suppose that the United States requires that products sold here be at least 51 percent made here.Which of the following denotes this type of policy?

A Chinese steel company cannot charge less for its product in the United States than the cost of production.

National competitive advantage derives from four conditions,one of which is factor conditions.What do factor conditions include?

Which of the following denotes the practice of protecting domestic business at the expense of free market competition?

Which of the following types of payments are usually received by an exporter as an ongoing payment calculated as a percentage of the license holder's sales?

Currently,a majority of U.S.imports come from Canada,Japan,Mexico,and China.

Globalization refers to the process by which countries around the world are becoming more self-sufficient.

If the United States exports more to the Netherlands than it imports from the Netherlands,the United States has a trade deficit with the Netherlands.

The value of the U.S.dollar relative to the value of the British pound fluctuates with market conditions.What is this type of exchange rate?

The World Trade Organization (WTO)was created to encourage international trade.

A company with high demand for its product in a particular foreign market that is associated with high transportation costs would tend to arrange a strategic alliance over any other international organization structure.