Exam 4: Competing in World Markets

The Coca-Cola Company designs its ads around the world to emphasize a common theme. These ads are modified only slightly for local markets. Coca-Cola is using which of the following strategies in its international operations?

During the past decade, the value of U.S. imports and exports has _____.

Which of the following groups is likely to be hurt economically if the value of the U.S. dollar rises relative to the euro?

Explain the concept of floating exchange rates. Identify factors that influence foreign exchange rates.

A trade deficit occurs when _____.

Countertrade is another term for international bartering.

Explain how population size or a country's status of developed versus developing do not always indicate economic prosperity.

Decisions made by the _______regarding trade disputes are binding on the parties involved.

Computers that are manufactured in the United States and sold in Norway are categorized as U.S. _____.

MATCHING Complete the following using the terms listed. -A(n) _____ develops and markets products to serve different needs and tastes of separate national markets.

Maria is the Middle Eastern sales manager for a large company. She avoids giving pork products and wine to Arab customers as gifts. Maria is being sensitive to _____.

MATCHING Complete the following using the terms listed. -A(n) _____ is a tax levied on imported products.

MATCHING Complete the following using the terms listed. -A country's _____ is the overall flow of money into and out of a country.

Facebook acquired online photo, video, and social media site Instagram for $1 billion in cash and stock. This is an example of _____.

In recent years, the value of the dollar relative to the euro has declined. What does this mean for European businesses exporting to the United States?

A nation's infrastructure includes all facilities aside from Internet access.

The WTO makes decisions that are binding on member nations involved in disputes.

MATCHING Complete the following using the terms listed. -A nation can have a(n) _____ in a product if it can supply it more efficiently and at a lower price.

MATCHING Complete the following using the terms listed. -A country's _____ is the difference between its exports and imports.

All of the following are part of the European community's plan to eliminate all barriers to free trade among its members with the exception of _____.