Exam 11: Creating Products and Pricing Strategies to Meet Customers Needs

Retail tariffs are designed to raise the retail price of imported products so that domestic goods will be more competitively priced.

(True/False)

4.8/5

(38)

Question 101

OPEC is an organization consisting of 12 oil-producing countries,working collectively for oil interests.

(True/False)

4.8/5

(37)

Question 102

Many Middle Eastern countries have a comparative advantage in the production of oil.

(True/False)

4.9/5

(36)

Question 103

One disadvantage of contract manufacturing is that intellectual property and copyright laws are different in every country.

(True/False)

4.8/5

(37)

Question 104

Global business is not particularly competitive because the market is so big.

(True/False)

4.8/5

(43)

Question 105

The gray market refers to the flow of goods in a distribution channel or channels other than those intended by the manufacturer.

(True/False)

4.8/5

(37)

Question 106

The country where the parent firm is located is called the __________ country.

(Short Answer)

4.7/5

(31)

Question 107

A Redfield investment means that a company will enter into a country and build factories and offices on its own.

(True/False)

4.8/5

(32)

Question 108

Explain the two key indicators that measure the effectiveness of global trade.

(Essay)

4.9/5

(37)

Question 109

The goal of effective global trade is to have more money flowing into the country than flowing out of the country.

(True/False)

4.8/5

(37)

Question 110

Companies that engage in partnerships (such as joint ventures)grow more slowly than their counterpart companies that do not.

(True/False)

4.9/5

(36)

Question 111

Define trade protectionism and list three specific types.

(Essay)

4.7/5

(35)

Question 112

Exporting is buying products from another country.

(True/False)

4.9/5

(39)

Question 113

A firm may decide to compete in a global market by __________ the right to manufacture its product or use its trademark to a foreign company for a fee.

(Multiple Choice)

4.9/5

(36)

Question 114

A strategic alliance is a long-term partnership between two or more companies established to help each company build competitive market advantages.

(True/False)

4.8/5

(35)

Question 115

A franchising agreement is an arrangement whereby someone with a good idea for a business sells to others the rights to use the business name and sell the product or service in a given territory.

(True/False)

5.0/5

(39)

Question 116

Foreign direct investment is the buying of permanent property and businesses in foreign nations.

(True/False)

4.8/5

(39)

Question 117

Another name for contract manufacturing is __________.

(Short Answer)

4.8/5

(34)

Question 118

Which of the following is an advantage to engaging in business globally?

(Multiple Choice)

4.7/5

(39)

Question 119

A(n)__________ is a tax on imports.

(Short Answer)

4.8/5

(42)

Question 120

Showing 101 - 120 of 142

Retail tariffs are designed to raise the retail price of imported products so that domestic goods will be more competitively priced.

OPEC is an organization consisting of 12 oil-producing countries,working collectively for oil interests.

Many Middle Eastern countries have a comparative advantage in the production of oil.

One disadvantage of contract manufacturing is that intellectual property and copyright laws are different in every country.

Global business is not particularly competitive because the market is so big.

The gray market refers to the flow of goods in a distribution channel or channels other than those intended by the manufacturer.

The country where the parent firm is located is called the __________ country.

A Redfield investment means that a company will enter into a country and build factories and offices on its own.

Explain the two key indicators that measure the effectiveness of global trade.

The goal of effective global trade is to have more money flowing into the country than flowing out of the country.

Companies that engage in partnerships (such as joint ventures)grow more slowly than their counterpart companies that do not.

Define trade protectionism and list three specific types.

Exporting is buying products from another country.

A firm may decide to compete in a global market by __________ the right to manufacture its product or use its trademark to a foreign company for a fee.

A strategic alliance is a long-term partnership between two or more companies established to help each company build competitive market advantages.

A franchising agreement is an arrangement whereby someone with a good idea for a business sells to others the rights to use the business name and sell the product or service in a given territory.

Foreign direct investment is the buying of permanent property and businesses in foreign nations.

Another name for contract manufacturing is __________.

Which of the following is an advantage to engaging in business globally?

A(n)__________ is a tax on imports.

Introduction

Making Ethical Decisions and Managing a Socially Responsible Business

Competing in the Global Marketplace

Forms of Business Ownership

Entrepreneurship: Starting and Managing Your Own Business

Management and Leadership in Todays Organizations

Designing Organizational Structures

Managing Human Resources and Labor Relations

Motivating Employees

Achieving World-Class Operations Management

Distributing and Promoting Products and Services

Using Technology to Manage Information Lf-Test Scoring Guidelines

Filters