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Exam 5: International The Global Marketplace

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Question 21

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Spanish customers view toothpaste as a cosmetic while consumers in the Netherlands view it as a necessary part of daily hygiene and use three times as much their Spanish counterparts.This example illustrates the importance of which of the following when marketing this product?

A) cultural differences
B) nationalistic standards
C) local content laws
D) expropriation laws

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Question 22

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The balance of payments is the summary of a country's financial transactions with another country.Which of the following would you expect to see in such a summary?

A) foreign aid
B) current inflation rate
C) political focus
D) government deficit figures

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Question 23

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Which of the following is described by the fact that Algeria includes 3973 km of railroads,104 000 km of roads,and 54 paved airports?

Limitations on the quantity of certain types of goods that can be imported over a period of time are called import quotas.

U.S.plane manufacturer McDonnell-Douglas has authorized Mitsubishi Heavy Industries,a Japanese company,to use its trademarks,patents,and other proprietary knowledge to manufacture F-15 fighter planes.Mitsubishi Heavy Industries pays McDonnell-Douglas.This is an example of which of the following activities?

Which of the following agreements dramatically lowered trade barriers worldwide and created the new World Trade Organization (WTO) ?

Azerbaijan has imports of $1.8 billion and has a favourable balance of trade.This means that Azerbaijan has which of the following?

Which of the following activities is the least costly and least risky method for selling a product on the global market?

Which of the following is one of the advantages associated with multinational corporations?

A good product transcends cultural barriers.It does not need to be changed to suit different countries or cultures.

Which of the following are products that are bought from one country for use in another just as Canada buys coffee from Columbia?

Which of the following organizations were formed with the original purpose of helping build infrastructure in developing countries and helping relieve the debt burden of these countries?

Romania has imports of $16.7 billion and has an unfavourable balance of trade.This means that Romania has which of the following?

Which of the following is a tax levied by a nation on imported goods?

Besides tariffs,a government can use a number of other tools to restrict trade.Which of the following is a tool aimed at restricting trade?

What term has the opposite meaning from "protectionism"?

Canada buys copper from Chile's Escondido copper mine.The copper is used to make wiring for the Canadian telecommunications industry and for many other purposes.For Canada,the copper is an example of which of the following?

Which of the following move resources,goods,services,and skills across national boundaries without regard to the country in which they are headquartered?

The karakul is a breed of Central Asian sheep that produces curly,glossy wool for the manufacturing of warm hats and coats.Since the breed can be grown only in Central Asia,this region can be said to have which of the following?

When a French company brings its patents on digital telephone switches,and AT&T provides the marketing know-how to a business relationship,which of the following arrangements is occurring?