Exam 5: Developing a Global Vision

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Currency markets operate under a system of _____,which is a system in which the prices of different currencies move up or down based on the demand for and the supply of each currency.

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Which of the following refers to private label manufacturing by a foreign company?

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Which of the following correctly defines balance of payments?

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Which statement is true of global marketing standardization?

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Which of the following is correct regarding the benefit of globalization?

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A tax levied on the goods entering a country is called:

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Using a capital-intensive technology refers to spending less money for equipment than labor in the production process.

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A U.S.licensor will be most successful at maintaining effective control over licensees and preventing them from voiding the contract by:

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Which of the following is true of outsourcing?

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An intermediary in the global market that assumes all ownership risks and sells globally for its own account is called _________.

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Which of the following is true about the different stages of business development of a multinational corporation?

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A global marketer or a firm considering global marketing must consider the external environment.

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The four Ps of global marketing strategy are product,place,promotion,and price.

(True/False)
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Which term describes a form of price discrimination that can potentially harm the importing nation's competing industries?

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Which of the following eliminated the extensive loopholes of the General Agreement on Tariffs and Trade (GATT)?

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Which of the following statements is a characteristic of countertrade?

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Nessca Motors,a well-known company based in Nebolina,manufactures engines.Its management recently signed a joint venture with Singletone Inc.,a small company based in Trinitia.Of the following scenarios,which would be the most likely to happen?

(Multiple Choice)
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Which of the following denotes the example of more than 100 unique Pringles potato chip flavors having been invented for international markets?

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Often small ventures are skeptical about entering the global market because it:

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Dumping has led to significant disagreements among countries and diverse views about its harmfulness.

(True/False)
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