Exam 2: An Overview of the International Marketing Environment

Protection of the rights of the inventor of the firm employing the inventor to use and sell the invention for a specified period of time is a type of intellectual property known as a(n) ____________________.

The U.S. government, through the Overseas Private Investment Corporation (OPIC) offers insurance policies that protect companies against expropriation, nationalization, or confiscation by foreign governments.

____________________ is a non-binding procedure that involves an independent third party.

The new European Union member countries that have rapidly privatized state-owned industries and adopted market reforms are classified as ______________________________ by the World Bank.

Which type of country is an important opportunity for firms operating in the areas of infrastructure development?

A country with a GNI per capita of US$3,200 is classified by the World Bank as ______________________________ country.

Which of the following is not a way to minimize the risk of domestication?

____________________ refers to the seizing of company assets and/or investors' assets without any compensation.

A ____________________ dollar makes American goods and services more competitive in foreign markets, keeps jobs at home, and decreases the trade deficit because America's workers keep more production at home and sell more goods abroad.

International law regards nationalization as an illegal activity taken by some governments that force domestication.

The Marxist-Leninist (Maoist) model endorses a collective orientation, one adopted by the more traditional developing countries.

Upper middle income countries have rapidly developing economies, and especially in urban areas, they have an infrastructure that is on par with that of developed countries.

The expression of nationalist sentiment in a country where the company is operating could constitute a cause for concern to the international company.

A weak dollar makes American goods and services more competitive in foreign markets.

The Marxist-Leninist model of economic development still constitutes a dominant development philosophy in some developing countries.

The top 100 companies in the world control about 20 percent of foreign assets.

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

These countries have a GNI per capita of US$3,466 to US$10,725.

Countries with emerging markets present great potential to international firms due to their technological growth.

Legal disputes that arise between governments are usually handled by the ____.