Exam 4: The Global Context of Business

The United States has current embargoes against ________ .

The ________ sought to eliminate trade barriers such as tariffs and quotas.

Which statement is true regarding independent agents?

The ________ is an organization that encourages its 149 member nations to negotiate trade agreements and resolve disputes about trade policies and practices.

In some countries,laws make strategic alliances virtually the only way to do international business.

When all conditions for national competitive advantage exist,a nation is less likely to do international business.

Short Case Scenario 4-1 Nokia Corporation, headquartered in Finland, is a world leader in the cell phone industry. Because much of Finland is heavily forested and sparsely populated, it is difficult and expensive to develop a land-based communication network. Nokia created Europe's first digital telephone network in 1982. Today, Nokia has 27 percent of the world market in cell phones, well ahead of their competition. -Should telephone technology be considered an absolute advantage in Finland? Explain.

Short Case Scenario 4-1 Nokia Corporation, headquartered in Finland, is a world leader in the cell phone industry. Because much of Finland is heavily forested and sparsely populated, it is difficult and expensive to develop a land-based communication network. Nokia created Europe's first digital telephone network in 1982. Today, Nokia has 27 percent of the world market in cell phones, well ahead of their competition. -Nokia is a dominant market player in its industry.What are some risks that Nokia might face if it engages in a strategic alliance with a foreign company?

The ________ is the common currency for much of the European Union.

In assessing a country's national competitive advantage,what is meant by factor conditions?

Why might a company decide not to conduct business internationally?

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

The World Bank uses ________ to make distinctions among countries.

Which of the following resulted from NAFTA?

A firm that makes products in one country and then distributes and sells them in others is a(n)________.

A trade deficit occurs when a nation imports more than it exports.

Saudi oil,Brazilian coffee beans,and Canadian timber are cited as examples of ________.

Why might Lionel Poilane have preferred exporting his specialty products around the world rather than involving himself in a licensing arrangement?

Dumping refers to the practice of selling a product abroad for less than the cost of production.

Which of the following international organizational strategies means buying or establishing tangible assets in another country?