Question 1

A(n)_____ is an intermediary who brings a buyer and a seller together.

Accepted Answer

A)  licensor 
B)  export broker 
C)  contract manufacturer 
D)  export merchant 
A)  licensor 
B)  export broker 
C)  contract manufacturer 
D)  export merchant

Question 2

Generally,complex and sophisticated industries are found in developed countries,and more basic industries are found in less developed nations.

Accepted Answer

A) True 
 B)False

Question 3

Which of the following statements is true of third-stage multinational companies?

Accepted Answer

A)  They sell products only in one country. 
B)  Their top executives and core corporate functions are in different countries. 
C)  They operate an entire line of business in another country. 
D)  They set up foreign subsidiaries to handle sales in one country. 
A)  They sell products only in one country. 
B)  Their top executives and core corporate functions are in different countries. 
C)  They operate an entire line of business in another country. 
D)  They set up foreign subsidiaries to handle sales in one country.

Question 4

Which of the following correctly defines the role of an export broker?

Accepted Answer

A)  An export broker is an intermediary who plays the traditional broker's role by bringing buyer and seller together. 
B)  An export broker is an intermediary who acts like a manufacturer's agent for the exporter; the export agent lives in the foreign market. 
C)  An export broker is an intermediary in the global market that assumes all ownership risks and sells globally for its own account. 
D)  An export broker is an intermediary who sells domestically produced products to buyers in other countries. 
A)  An export broker is an intermediary who plays the traditional broker's role by bringing buyer and seller together. 
B)  An export broker is an intermediary who acts like a manufacturer's agent for the exporter; the export agent lives in the foreign market. 
C)  An export broker is an intermediary in the global market that assumes all ownership risks and sells globally for its own account. 
D)  An export broker is an intermediary who sells domestically produced products to buyers in other countries.

Question 5

Discuss the most common legal structures that affect international trade.

Accepted Answer

Answers will vary. Many legal structures

Question 6

Companies at the fourth stage of developing their global business:

Accepted Answer

A)  set up foreign subsidiaries to handle sales in one country. 
B)  operate in one country and sell into others. 
C)  operate an entire line of business in another country. 
D)  have their top executives and core corporate functions located in different countries. 
A)  set up foreign subsidiaries to handle sales in one country. 
B)  operate in one country and sell into others. 
C)  operate an entire line of business in another country. 
D)  have their top executives and core corporate functions located in different countries.

Question 7

Which of the following is NOT true about culture from the perspective of a global marketer?

Accepted Answer

A)  Culture underlies the family,the educational system,religion,and the social class system. 
B)  A company that does not understand a country's culture may try other means to succeed in the country. 
C)  Cultural blunders lead to misunderstandings and often perceptions of rudeness or even incompetence. 
D)  Culture is the common set of values shared by its citizens that determines what is socially acceptable. 
A)  Culture underlies the family,the educational system,religion,and the social class system. 
B)  A company that does not understand a country's culture may try other means to succeed in the country. 
C)  Cultural blunders lead to misunderstandings and often perceptions of rudeness or even incompetence. 
D)  Culture is the common set of values shared by its citizens that determines what is socially acceptable.

Question 8

How is a marketing mix relevant for firms entering the global market,and what are the steps to creating that successful marketing mix?

Accepted Answer

Answers will vary.To succeed,firms seeki

Question 9

Which of the following is a similarity between joint ventures and licensing agreements?

Accepted Answer

A)  Both involve joining with a foreign company to create a new entity. 
B)  Both depend heavily on contract manufacturing. 
C)  Both are free from government interference. 
D)  Both are free from risks. 
A)  Both involve joining with a foreign company to create a new entity. 
B)  Both depend heavily on contract manufacturing. 
C)  Both are free from government interference. 
D)  Both are free from risks.

Question 10

Which of the following is a tool that governments use to exclude companies from countries with which they have a political dispute?

Accepted Answer

A)  Exchange control 
B)  Market grouping 
C)  Boycott 
D)  Tariff 
A)  Exchange control 
B)  Market grouping 
C)  Boycott 
D)  Tariff

Question 11

Marketing that aims at markets across the world is called _________.

Accepted Answer

A)  global marketing 
B)  outsourcing 
C)  inshoring 
D)  regional marketing 
A)  global marketing 
B)  outsourcing 
C)  inshoring 
D)  regional marketing

Question 12

Which of the following refers to the total market value of all final goods and services produced in a country during a given time period?

Accepted Answer

A)  Gross domestic product 
B)  Intermediate product 
C)  Final product 
D)  International commerce 
A)  Gross domestic product 
B)  Intermediate product 
C)  Final product 
D)  International commerce

Question 13

Which of the following refers to a system in which prices of different currencies move up and down based on the demand for and the supply of each currency?

Accepted Answer

A)  Floating exchange rates 
B)  Dumping 
C)  Countertrade 
D)  Trade exchange 
A)  Floating exchange rates 
B)  Dumping 
C)  Countertrade 
D)  Trade exchange

Question 14

Which statement correctly states the relationship between a country's political structure and actions and businesses?

Accepted Answer

A)  Regulation does not burden businesses or make it difficult for them operate. 
B)  International politics rarely affect business laws. 
C)  Government-owned industries and centralized planning tend to decrease as rights of private property increase. 
D)  Regulations do not help businesses grow and prosper. 
A)  Regulation does not burden businesses or make it difficult for them operate. 
B)  International politics rarely affect business laws. 
C)  Government-owned industries and centralized planning tend to decrease as rights of private property increase. 
D)  Regulations do not help businesses grow and prosper.

Question 15

Opening an e-commerce site on the Internet makes it difficult for a company to gain profit in the international marketplace.

Accepted Answer

A) True 
 B)False

Question 16

Discuss the impact of international trade on the United States.

Accepted Answer

Answers will vary.Although some countrie

Question 17

Maria Apparel is a well-known apparel store.The owners of the store want the store to go global; hence,they have opened a website.In this scenario,doing business online:

Accepted Answer

A)  makes it difficult for Maria Apparel to access customers through the Internet. 
B)  frees Maria Apparel from old brick-and-mortar rules,regulations,and habits. 
C)  immediately puts Maria Apparel in the international marketplace. 
D)  stops Maria Apparel from selling products in its physical stores. 
A)  makes it difficult for Maria Apparel to access customers through the Internet. 
B)  frees Maria Apparel from old brick-and-mortar rules,regulations,and habits. 
C)  immediately puts Maria Apparel in the international marketplace. 
D)  stops Maria Apparel from selling products in its physical stores.

Question 18

A company that is heavily engaged in global trade,beyond exporting and importing,is called ___________.

Accepted Answer

A)  a regional firm 
B)  a multinational corporation 
C)  a capital intensive firm 
D)  an export agent 
A)  a regional firm 
B)  a multinational corporation 
C)  a capital intensive firm 
D)  an export agent

Question 19

Which of the following indicates a benefit of outsourcing?

Accepted Answer

A)  Increased corporate growth 
B)  Chances of increased production delays 
C)  Rising wages in the developing world 
D)  Decreases efficiency 
A)  Increased corporate growth 
B)  Chances of increased production delays 
C)  Rising wages in the developing world 
D)  Decreases efficiency

Question 20

GE has been in the news lately for _____,or bringing back the production of GE appliances to its Louisville,Kentucky plant from China.

Accepted Answer

A)  inshoring 
B)  offshoring 
C)  insourcing 
D)  importing 
A)  inshoring 
B)  offshoring 
C)  insourcing 
D)  importing

A(n)_____ is an intermediary who brings a buyer and a seller together.

Generally,complex and sophisticated industries are found in developed countries,and more basic industries are found in less developed nations.

Which of the following statements is true of third-stage multinational companies?

Which of the following correctly defines the role of an export broker?

Discuss the most common legal structures that affect international trade.

Companies at the fourth stage of developing their global business:

Which of the following is NOT true about culture from the perspective of a global marketer?

How is a marketing mix relevant for firms entering the global market,and what are the steps to creating that successful marketing mix?

Which of the following is a similarity between joint ventures and licensing agreements?

Which of the following is a tool that governments use to exclude companies from countries with which they have a political dispute?

Marketing that aims at markets across the world is called _________.

Which of the following refers to the total market value of all final goods and services produced in a country during a given time period?

Which of the following refers to a system in which prices of different currencies move up and down based on the demand for and the supply of each currency?

Which statement correctly states the relationship between a country's political structure and actions and businesses?

Opening an e-commerce site on the Internet makes it difficult for a company to gain profit in the international marketplace.

Discuss the impact of international trade on the United States.

Maria Apparel is a well-known apparel store.The owners of the store want the store to go global; hence,they have opened a website.In this scenario,doing business online:

A company that is heavily engaged in global trade,beyond exporting and importing,is called ___________.

Which of the following indicates a benefit of outsourcing?

GE has been in the news lately for _____,or bringing back the production of GE appliances to its Louisville,Kentucky plant from China.

An Overview of Marketing

Strategic Planning and Competitive Advantage

Ethics and Social Responsibility

The Marketing Environment

Consumer Decision Making

Business Marketing

Segmenting and Targeting Markets

Marketing Research

Product Concepts

Developing and Managing Products

Services and Nonprofit Organization Marketing

Supply Chain Management and Marketing Channels

Retailing

Marketing Communications

Advertising,public Relations,and Sales Promotion

Personal Selling and Sales Management

Social Media and Marketing

Pricing Concepts

Filters

Exam 5: Developing a Global Vision

A(n)_____ is an intermediary who brings a buyer and a seller together.

Generally,complex and sophisticated industries are found in developed countries,and more basic industries are found in less developed nations.

Which of the following statements is true of third-stage multinational companies?

Which of the following correctly defines the role of an export broker?

Discuss the most common legal structures that affect international trade.

Companies at the fourth stage of developing their global business:

Which of the following is NOT true about culture from the perspective of a global marketer?

How is a marketing mix relevant for firms entering the global market,and what are the steps to creating that successful marketing mix?

Which of the following is a similarity between joint ventures and licensing agreements?

Which of the following is a tool that governments use to exclude companies from countries with which they have a political dispute?

Marketing that aims at markets across the world is called _________.

Which of the following refers to the total market value of all final goods and services produced in a country during a given time period?

Which of the following refers to a system in which prices of different currencies move up and down based on the demand for and the supply of each currency?

Which statement correctly states the relationship between a country's political structure and actions and businesses?

Opening an e-commerce site on the Internet makes it difficult for a company to gain profit in the international marketplace.

Discuss the impact of international trade on the United States.

Maria Apparel is a well-known apparel store.The owners of the store want the store to go global; hence,they have opened a website.In this scenario,doing business online:

A company that is heavily engaged in global trade,beyond exporting and importing,is called ___________.

Which of the following indicates a benefit of outsourcing?

GE has been in the news lately for _____,or bringing back the production of GE appliances to its Louisville,Kentucky plant from China.

An Overview of Marketing

Strategic Planning and Competitive Advantage

Ethics and Social Responsibility

The Marketing Environment

Consumer Decision Making

Business Marketing

Segmenting and Targeting Markets

Marketing Research

Product Concepts

Developing and Managing Products

Services and Nonprofit Organization Marketing

Supply Chain Management and Marketing Channels

Retailing

Marketing Communications

Advertising,public Relations,and Sales Promotion

Personal Selling and Sales Management

Social Media and Marketing

Pricing Concepts

Filters