Exam 5: The Global Context of Business

Derrido is an American firm that has produced several successful animated TV series in the United States. It is considering contracting with one or more international companies as a way to market its products overseas. Derrido's chief financial officer thinks that the company should enter into a contractual agreement because it will give Derrido an immediate and steady stream of revenue. Which of the following, if true, would strengthen this argument?

Sometimes foreign companies have many problems in complying with stringent and often changing regulations and bureaucratic obstacles known as

Michael is going to sell his baby products abroad, and he is interested in having someone in the foreign country sell the product for him. Michael is most interested in working with a(n)

Give an example of an absolute advantage.

What is a difference between an international firm and a multinational firm?

Canada has a(n) ________ in farming due to its fertile land, while South Korea has a(n) ________ in electronics manufacturing.

Which organization created the classification of countries based on per capita income?

If Trinidad could produce mangos cheaper and better tasting than any other country due to its climate, then it would have an absolute advantage over any other country.

Computers-B-Us sent some of its managers abroad to gain more control over the operations and provide a more visible public presence. This type of organizational structure is known as a(n)

Which of the following types of payments are usually received by an exporter as an ongoing payment calculated as a percentage of the licence holder's sales?

Herald Inc., a French newsprint manufacturer, is geared towards international markets but does not have specific domestic and international divisions. This firm is a(n)

Exporting activity is limited mostly to multinational firms.

Government support of domestic businesses is the most important factor in generating national competitive advantage.

For any given country, the balance of trade and the balance of payments must both be both positive or both be negative.

McCain Foods developed single-sized portions of frozen vegetables to serve customers in South Africa that do not have proper refrigeration. This is an example of

Canadians who were opposed to free trade feared all of the following except

Beta Corp. is trying to decide whether to market its products internationally. Its first decision is to

Explain the two forms of competitive advantage and provide examples of each.

What organization was founded in Pacific Asia for economic, political, social, and cultural cooperation?

Lite Foods is a producer of breakfast cereals such as oatmeal and cornflakes, and its products can be found in nearly all supermarkets across Canada. Lite Foods now has its sights set on international shores, specifically the large Chinese consumer market. Company executives are currently debating the optimal route for the firm to enter the market. Which of the following, if true, would most weaken the argument for venturing into the Chinese market?