Exam 7: Understanding and Reaching Global Consumers and Markets

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In terms of the global marketplace,there are three primary types of companies: international firms,__________ firms,and transnational firms.

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Countertrade refers to

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A quota refers to

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An assessment of a country's or region's political-regulatory climate includes an analysis of its political stability and __________.

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Which of the following is most accurate in regards to the Asian Free Trade agreements?

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According to Michael Porter's diamond in Figure 7-2 above,quadrant "A" represents

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Global companies have five strategies for matching products and their promotion efforts to global markets.According to Figure 7-6 above,"D" refers to which type of strategy?

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The U.S.motorcycle manufacturer Harley-Davidson uses intermediaries to sell its motorcycles in numerous nations outside the United States.Harley-Davidson uses

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Yum! Brands,the restaurant division of PepsiCo,has 12,600 KFC restaurants abroad,with more than 3,700 restaurants in China.Many of the latter are locally owned and subject to a contractual agreement that allows the owners to operate the business under the established KFC brand name and according to specific rules.Yum! Brands is engaged in

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Canada has two official languages,which are

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The clandestine collection of trade secrets or proprietary information about a company's competitors is referred to as

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Explain the difference between joint venture and direct investment market entry strategies.What are the advantages and disadvantages of each approach?

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Yum! Brands,the parent company of KFC,has pursued an aggressive growth strategy in China.There are now than 3,700 restaurants in 650 Chinese cities,and KFC has a 40% market share of the entire fast-food industry there.Yum! Brands China owns and directly manages about 90% of its Chinese stores,so it appears that the company prefers __________ in this market.

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World trade flows to and from the United States reflect __________ for products and services among nations and industries.

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When firms originate,produce,and market their products and services worldwide,it is referred to as __________.

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Which of the following statements about the World Trade Organization (WTO)is most accurate?

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Which of the following statements about global brands is most accurate?

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Which of the following examples BEST DEMONSTRATES a company's appreciation of another country's values?

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A form of low-risk and capital-free entry into international markets that includes local manufacturing is referred to as

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In terms of the global marketplace,there are three primary types of companies: __________,multinational firms,and transnational firms.

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