Question 1

If a country can boost exports and limit imports,then fewer jobs are created and there is more competition for local businesses.

Accepted Answer

A) True 
 B)False

Question 2

When a domestic firm buys part of a foreign company or joins with a foreign company to create a new entity,it is called _____________.

Accepted Answer

A)  licensing 
B)  contract manufacturing 
C)  a joint venture 
D)  a direct foreign investment 
A)  licensing 
B)  contract manufacturing 
C)  a joint venture 
D)  a direct foreign investment

Question 3

A form of trade in which all or part of the payment for goods or services is in the form of other goods or services is called __________.

Accepted Answer

A)  countertrade 
B)  global trade 
C)  domestic trade 
D)  dumping 
A)  countertrade 
B)  global trade 
C)  domestic trade 
D)  dumping

Question 4

_____ is the largest Latin American trade agreement,and it includes Argentina,Bolivia,Brazil,Chile,Colombia,Ecuador,Paraguay,Peru,Uruguay,and Venezuela.

Accepted Answer

A)  Mercosur 
B)  General Agreement on Tariffs and Trade (GATT) 
C)  The Uruguay Round 
D)  The North American Free Trade Agreement (NAFT
A)  
A)  Mercosur 
B)  General Agreement on Tariffs and Trade (GATT) 
C)  The Uruguay Round 
D)  The North American Free Trade Agreement (NAFT
A)

Question 5

Which of the following statements is a characteristic of dumping?

Accepted Answer

A)  It refers to exporter business trying to decrease an overseas market share 
B)  It refers to the sale of an exported product at a price lower than that charged for the same or a like product in the "home" market of the exporter 
C)  It refers to a form of trade in which all or part of the payment for goods or services is in the form of other goods or services. 
D)  It 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 
A)  It refers to exporter business trying to decrease an overseas market share 
B)  It refers to the sale of an exported product at a price lower than that charged for the same or a like product in the "home" market of the exporter 
C)  It refers to a form of trade in which all or part of the payment for goods or services is in the form of other goods or services. 
D)  It 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

Question 6

Which of the following is NOT correct regarding the practice of inshoring?

Accepted Answer

A)  Rapid consumer product innovation has led to the need to keep production experts in close proximity so that they can work together. 
B)  Expanding development and manufacturing timelines have contributed to inshoring. 
C)  Increased fuel and transportation costs associated with long-distance shipping has given impetus to inshoring. 
D)  Rising wages in the developing world have made U.S.rates more competitive. 
A)  Rapid consumer product innovation has led to the need to keep production experts in close proximity so that they can work together. 
B)  Expanding development and manufacturing timelines have contributed to inshoring. 
C)  Increased fuel and transportation costs associated with long-distance shipping has given impetus to inshoring. 
D)  Rising wages in the developing world have made U.S.rates more competitive.

If a country can boost exports and limit imports,then fewer jobs are created and there is more competition for local businesses.

When a domestic firm buys part of a foreign company or joins with a foreign company to create a new entity,it is called _____________.

A form of trade in which all or part of the payment for goods or services is in the form of other goods or services is called __________.

_____ is the largest Latin American trade agreement,and it includes Argentina,Bolivia,Brazil,Chile,Colombia,Ecuador,Paraguay,Peru,Uruguay,and Venezuela.

Which of the following statements is a characteristic of dumping?

Which of the following is NOT correct regarding the practice of inshoring?

An Overview of Marketing

Strategic Planning and Competitive Advantage

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The Marketing Environment

Consumer Decision Making

Business Marketing

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Marketing Research

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Supply Chain Management and Marketing Channels

Retailing

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Exam 5: Developing a Global Vision

If a country can boost exports and limit imports,then fewer jobs are created and there is more competition for local businesses.

When a domestic firm buys part of a foreign company or joins with a foreign company to create a new entity,it is called _____________.

A form of trade in which all or part of the payment for goods or services is in the form of other goods or services is called __________.

_____ is the largest Latin American trade agreement,and it includes Argentina,Bolivia,Brazil,Chile,Colombia,Ecuador,Paraguay,Peru,Uruguay,and Venezuela.

Which of the following statements is a characteristic of dumping?

Which of the following is NOT correct regarding the practice of inshoring?

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