Exam 4: Understanding the Global Context of Business

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

If you have given another company in another country the right to produce your company's product,you are engaging in a licensing arrangement.

In which international organization structure does a firm have greatest control over foreign activities?

Under which of the following treaties are Canada,the United States,and Mexico gradually eliminating tariffs and all other trade barriers?

An import is a product made or grown abroad but sold domestically.

How can a local content law in a country act as a barrier to a U.S.-based automobile manufacturing company that is interested in setting up a branch office in that country?

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

Which of the following denotes the practice of protecting domestic business at the expense of free market competition?

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

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

Revenue tariffs are primarily designed to discourage the importation of foreign products.

Which of the following represents the controversial practice of supporting domestic businesses at the expense of free market competition?

Which of the following directly affects the price and quantity of foreign-made products in a country by restricting the amount of product that can be imported?

What condition is needed to gain a national competitive advantage that includes a large domestic consumer base that promotes use of innovative products?

Which of the following types of tariff is meant to discourage the import of particular products?

Suppose the United States requires products sold in the United States be at least 51 percent made in the United States.Which of the following denotes this type of policy?

Why should companies conducting international operations be concerned about exchange rate fluctuations?

What is the result when a country can produce goods more efficiently or better than other nations?

Explain a floating exchange rate.

Which organization was developed to promote economic and cultural cooperation among Asian countries?