Exam 2: An Overview of the International Marketing Environment

The following is a nonbonding procedure that involves an independent third party:

Antitrust laws of home and host countries are designed to prevent international anti-competitive activities, such as the creation of monopolies and cartels.

Political instability can lead to protectionist measures on the part of the host-country government, whereas nationalism and claims to national sovereignty can lead to the failure of the economy.

Common law refers to comprehensive written laws that specify what constitutes legal behavior.

Highly industrialized countries account for close to ____ of the world's gross national product.

According to the World Bank, countries considered upper middle income have a GNI per capita of US$3,466 to US$10,725.

____ are countries with rapid development and present the greatest potential for international trade and expansion.

The U.S. Foreign Corrupt Practices Act makes it illegal for companies and their representatives to bribe government officials and other politicians or candidate to political office.

Losses attributed to the violation of intellectual property rights are estimated to be $60 million a year.

Which stage of the Rostow Modernization model is characterized by increased productivity in agriculture, and modern manufacturing emergence?

Under communism, all means of production and private property are under state ownership and/or cooperative ownership.

Describe the stages of the Rostow Modernization model of economic development.

There are three types of ____________________, all of which are aimed to transfer company ownership from the company to local owners.

Low income countries

Under ____________________, all means of production and private property are under state ownership and/or cooperative ownership.

Which of the following offers a policy that insures companies against expropriation, nationalization, or confiscation by foreign governments?

____ involves some reimbursement for company assets, usually not at their market value.

____________________ occurs when the local government requires a gradual transfer of ownership and management to locals.

Italy has had the same government since World War II resulting in political stability and lowered risk for international firms.

____ determines the natural resources available in the country and its potential for prosperity.