Exam 9: Developing a Global Vision

International trade does not always involve cash.Sometimes companies accept all or part of the payment for goods or services in the form of other goods or services.This is known as:

The role of a domestic company that sells to an export merchant (also called a buyer for export)is to:

Wataniya Mobile Wataniya Mobile is offering cellular service in the Palestinian territories. It is only the second cell phone carrier in the region and is significant because it is owned by foreign companies and investors like the Qatari royal family and the Palestine Investment Fund. The new service is aimed at increasing cell phone penetration, which is only 35 percent, in this economically challenged area. It has not been easy for Wataniya, though. It took two years to gain the required license from Israel, which controls the Palestinian territories' airwaves and bandwidth required for the service. Even though Wataniya is allowed bandwidth, it has only received 3.8 megahertz of bandwidth from Israel, which is not enough for it to offer 3G mobile services that enable Web browsing and e-mail. -Refer to Wataniya Mobile.The fact that many potential customers in Wataniya's market cannot afford a cellphone is part of which environment?

The North American Free Trade Agreement did all of the following EXCEPT:

Private-label manufacturing by a foreign country is called franchising.

Vast differences in natural resources create all of the following EXCEPT:

When IKEA,the Swedish home furnishings retailer,first entered the Japanese market,it failed.It was more successful in its second try because it was aware of the need to adapt its furnishings to fit the smaller Japanese homes.The _____ environment had the greatest influence on IKEA's first failure in Japan.

NAFTA is the New American Foreign Trade Amendment,which allows for balanced trade with the European Union.

All of the following are countries included in the Central America Free Trade Agreement EXCEPT:

The first step in creating the global marketing mix is to:

The Group of Twenty is the largest free trade agreement in the world.

In general,average family incomes are higher in more developed countries than in the less developed countries.

Since 1953,the United States has limited the amount of raw peanuts that can be imported to 1.7 million pounds a year.This is only about one-tenth of 1 percent of all domestic edible peanut consumption in the United States.This limitation is an example of a(n):

The primary reason large U.S.companies send U.S.jobs abroad is because labor costs are higher in the United States.They are engaging in:

A(n)_____ is a company that is heavily engaged in global trade and moves its resources,goods,services,and skills across national boundaries.

Caterpillar,Inc.is the world's largest manufacturer of earthmoving and construction equipment.Kirovsky is a large Russian manufacturer of the same type of products.The two companies entered into a(n)_____ and created NEVAMASH,a new company.

Belgian Beer brewer InBev bought Anheuser-Busch for $52 billion.This is an example of a(n):

The rules,regulations,and habits used for brick-and-mortar stores tend to restrain and limit the success of those retailers engaged in e-commerce.

Describe the four stages of business globalization.Why do most companies stop when they reach the third stage?

_____ takes place when a foreign company produces goods to specification set by a domestic company,with the domestic firm's brand name affixed to the goods.