Question 1

Which of the following, if True, would most weaken the argument for venturing into the Chinese market?

Accepted Answer

A)  The Chinese government provides subsidies and tax incentives to local manufacturers who export their products. 
B)  The Chinese breakfast menu is typically made up of steamed dough, noodles, fruits, and eggs. 
C)  It would take a few months to establish operations in China because of regulatory hurdles. 
D)  Several international companies have failed in China because of their inability to understand local requirements. 
E)  Penetrating the Chinese market requires extensive use of local employees. 
A)  The Chinese government provides subsidies and tax incentives to local manufacturers who export their products. 
B)  The Chinese breakfast menu is typically made up of steamed dough, noodles, fruits, and eggs. 
C)  It would take a few months to establish operations in China because of regulatory hurdles. 
D)  Several international companies have failed in China because of their inability to understand local requirements. 
E)  Penetrating the Chinese market requires extensive use of local employees.

Question 2

Which of the following is a government payment to help a domestic business compete with foreign firms?

Accepted Answer

A)  revenue tariff 
B)  protectionist tariff 
C)  import buy-back 
D)  export rebate 
E)  subsidy 
A)  revenue tariff 
B)  protectionist tariff 
C)  import buy-back 
D)  export rebate 
E)  subsidy

Question 3

A comparative advantage exists when a country can produce something more cheaply and/or of higher quality than any other country.

Accepted Answer

A) True 
 B)False

Question 4

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?

Accepted Answer

If it engages in a strategic alliance to

Question 5

Explain how a firm may have more direct control with a branch office than it does over agents or license holders.

Accepted Answer

In a branch office, a firm sends its own

Question 6

Citronel's Chief Operating Officer thinks that the company should adopt a standardized marketing approach throughout the world. Which of the following, if True, would strengthen her position?

Accepted Answer

A)  Long production runs of the same items would allow the company to save money. 
B)  Different cultures vary in how they perceive French clothing. 
C)  The company has had only limited success establishing a consistent marketing strategy throughout France. 
D)  The company will have strong competition from various brands throughout the world. 
E)  The company has a substantial marketing budget. 
A)  Long production runs of the same items would allow the company to save money. 
B)  Different cultures vary in how they perceive French clothing. 
C)  The company has had only limited success establishing a consistent marketing strategy throughout France. 
D)  The company will have strong competition from various brands throughout the world. 
E)  The company has a substantial marketing budget.

Question 7

Low-income countries have an annual per capita income of $2,500 or less.

Accepted Answer

A) True 
 B)False

Question 8

Which of the following is the name for the overall flow of money into or out of a country?

Accepted Answer

A)  exchange rate 
B)  trade rate 
C)  balance of exchange 
D)  balance of payments 
E)  balance of trade 
A)  exchange rate 
B)  trade rate 
C)  balance of exchange 
D)  balance of payments 
E)  balance of trade

Question 9

What are the four components of national competitive advantage?

Accepted Answer

The four components of national competit

Question 10

Critics of protectionism charge that it drives up prices by reducing competition.

Accepted Answer

A) True 
 B)False

Question 11

A Chinese steel company cannot charge less for its product in the United States than the cost of production.

Accepted Answer

A) True 
 B)False

Question 12

What are the advantages and disadvantages of globalization?

Accepted Answer

Globalization has increased the standard

Question 13

Which of the following exists when a country can produce something more cheaply and/or of higher quality than any other country can?

Accepted Answer

A)  monopolistic advantage 
B)  national competitive advantage 
C)  resource advantage 
D)  absolute advantage 
E)  comparative advantage 
A)  monopolistic advantage 
B)  national competitive advantage 
C)  resource advantage 
D)  absolute advantage 
E)  comparative advantage

Question 14

Define licensing arrangement and strategic alliance and discuss their relative merits.

Accepted Answer

With a licensing arrangement, a firm giv

Question 15

Which country is the world's largest marketplace and most stable economy?

Accepted Answer

A)  the United States 
B)  Canada 
C)  Germany 
D)  Japan 
E)  China 
A)  the United States 
B)  Canada 
C)  Germany 
D)  Japan 
E)  China

Question 16

Which of the following organizations is a firm that makes products in one country and then distributes and sells them in others?

Accepted Answer

A)  importer 
B)  exporter 
C)  multinational firm 
D)  international firm 
E)  direct foreign investor 
A)  importer 
B)  exporter 
C)  multinational firm 
D)  international firm 
E)  direct foreign investor

Question 17

Local content laws guarantee that products sold in a country are at least partly made there.

Accepted Answer

A) True 
 B)False

Question 18

The Trade Agreements Act of 1979 forbids "dumping." Because of its low prices, is it possible that Nokia could be accused of "dumping" their phones in the United States?

Accepted Answer

"Dumping" is the practice of selling a p

Question 19

Which statement is True regarding independent agents?

Accepted Answer

A)  They represent one firm at a time. 
B)  They usually specialize in a particular product. 
C)  They act as sales representatives. 
D)  They are usually based at domestic offices. 
E)  They do not monitor or address customer satisfaction. 
A)  They represent one firm at a time. 
B)  They usually specialize in a particular product. 
C)  They act as sales representatives. 
D)  They are usually based at domestic offices. 
E)  They do not monitor or address customer satisfaction.

Question 20

How might the imposition of a quota on cell phones impact Nokia's exportation of cell phones to the United States?

Accepted Answer

A quota is a restriction on the number o

Which of the following, if True, would most weaken the argument for venturing into the Chinese market?

Which of the following is a government payment to help a domestic business compete with foreign firms?

A comparative advantage exists when a country can produce something more cheaply and/or of higher quality than any other country.

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?

Explain how a firm may have more direct control with a branch office than it does over agents or license holders.

Citronel's Chief Operating Officer thinks that the company should adopt a standardized marketing approach throughout the world. Which of the following, if True, would strengthen her position?

Low-income countries have an annual per capita income of $2,500 or less.

Which of the following is the name for the overall flow of money into or out of a country?

What are the four components of national competitive advantage?

Critics of protectionism charge that it drives up prices by reducing competition.

A Chinese steel company cannot charge less for its product in the United States than the cost of production.

What are the advantages and disadvantages of globalization?

Which of the following exists when a country can produce something more cheaply and/or of higher quality than any other country can?

Define licensing arrangement and strategic alliance and discuss their relative merits.

Which country is the world's largest marketplace and most stable economy?

Which of the following organizations is a firm that makes products in one country and then distributes and sells them in others?

Local content laws guarantee that products sold in a country are at least partly made there.

The Trade Agreements Act of 1979 forbids "dumping." Because of its low prices, is it possible that Nokia could be accused of "dumping" their phones in the United States?

Which statement is True regarding independent agents?

How might the imposition of a quota on cell phones impact Nokia's exportation of cell phones to the United States?

The Us Business Environment

Business Ethics and Social Responsibility

Entrepreneurship, New Ventures, and Business Ownership

Business Management

Organizing the Business

Operations Management and Quality

Employee Behavior and Motivation

Leadership and Decision Making

Human Resource Management and Labor Relations

Marketing Processes and Consumer Behavior

Pricing, Distributing, and Promoting Products

Information Technology for Business

The Role of Accountants and Accounting Information

Money and Banking

Managing Finances

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Exam 4: The Global Context of Business

Which of the following, if True, would most weaken the argument for venturing into the Chinese market?

Which of the following is a government payment to help a domestic business compete with foreign firms?

A comparative advantage exists when a country can produce something more cheaply and/or of higher quality than any other country.

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?

Explain how a firm may have more direct control with a branch office than it does over agents or license holders.

Citronel's Chief Operating Officer thinks that the company should adopt a standardized marketing approach throughout the world. Which of the following, if True, would strengthen her position?

Low-income countries have an annual per capita income of $2,500 or less.

Which of the following is the name for the overall flow of money into or out of a country?

What are the four components of national competitive advantage?

Critics of protectionism charge that it drives up prices by reducing competition.

A Chinese steel company cannot charge less for its product in the United States than the cost of production.

What are the advantages and disadvantages of globalization?

Which of the following exists when a country can produce something more cheaply and/or of higher quality than any other country can?

Define licensing arrangement and strategic alliance and discuss their relative merits.

Which country is the world's largest marketplace and most stable economy?

Which of the following organizations is a firm that makes products in one country and then distributes and sells them in others?

Local content laws guarantee that products sold in a country are at least partly made there.

The Trade Agreements Act of 1979 forbids "dumping." Because of its low prices, is it possible that Nokia could be accused of "dumping" their phones in the United States?

Which statement is True regarding independent agents?

How might the imposition of a quota on cell phones impact Nokia's exportation of cell phones to the United States?

The Us Business Environment

Business Ethics and Social Responsibility

Entrepreneurship, New Ventures, and Business Ownership

Business Management

Organizing the Business

Operations Management and Quality

Employee Behavior and Motivation

Leadership and Decision Making

Human Resource Management and Labor Relations

Marketing Processes and Consumer Behavior

Pricing, Distributing, and Promoting Products

Information Technology for Business

The Role of Accountants and Accounting Information

Money and Banking

Managing Finances

Filters