Exam 5: Developing a Global Vision

The ability of multinationals to tap financial,physical,and human resources from all over the world and combine them economically and profitably can benefit any country.

Which of the following is/are the benefits of outsourcing?

Which of the following statements is true of the term quota?

_____ is a trade agreement that has dramatically lowered trade barriers worldwide and that led to the creation of the World Trade Organization.

Which of the following could be a motive for a company going global?

Which statement is true of natural resources in terms of global trade or a country's economy?

Average family incomes are higher in more developed countries than in less developed countries.

A company is doomed to failure in a foreign country if it _____.

Which of the following is a characteristic of market grouping?

Which of the following is NOT a factor of external environment?

The Group of Twenty (G-20)was founded in 1945,one year after the creation of the World Bank,to promote trade through financial cooperation and eliminate trade barriers in the process.

Explain the role of the Internet in global marketing and how old brick-and-mortar rules restrain the global economy.

The owners of Vogue,an apparel store based in California,want to expand the store's business all over the world.In this case,which of the following strategies can help the owners of Vogue achieve their objectives?

The stage in which multinationals set up foreign subsidiaries to handle sales in one country is the _______________ in developing a global business.

_____ was founded in 1945,one year after the creation of the World Bank,to promote trade through financial cooperation and eliminate trade barriers in the process.

Which of the following statements is not correct about multinational companies

Melrow Inc.,a U.S.firm,suffers heavy losses and lays off many of its employees.To reduce its manufacturing costs,it shifts its production units to another country where labor costs are less.In this scenario,Melrow Inc.is engaged in _____.

Traditionally,companies utilizing a multidomestic strategy enable individual subsidiaries to compete independently in domestic markets.

A business that requires a greater expenditure for equipment than for labor is called:

Which of the following companies is in the first stage of developing a global business?