Exam 3: Thrive in the Marketing Environment: the World Is Flat

Describe and compare the three basic levels of economic development.

The most commonly used measure of economic health of a country is the country's ________.

What is the relationship between the level of control and the level of risk in each type of market entry strategy?

In a(n)________ culture,people tend to subordinate their personal goals to those of a stable community.

The measurable quality of a country's distribution,financial,and communication systems is referred to as the country's ________.

In a monopolistic competition market structure,each seller is very conscious of other sellers' actions,since there is a small number of sellers in the industry.

In the United States,it is illegal for a manufacturer to offer different prices to competing wholesalers or retailers unless the difference is cost-justified.

Why would a company choose to use an export merchant?

Each industry sets import quotas for its products to determine yearly production volume.

The ________ environment refers to the local,state,national,and global laws and regulations that affect businesses.

Every society has a set of deeply held beliefs about right and wrong ways to live,which are referred to as ________.

The ________ Act (1946)protects and regulates brand names.

Per capita gross domestic product (GDP)may be a deceiving economic measure because the wealth of a country may be concentrated in the hands of a few.

The purpose of a government-imposed ________ is to give domestic competitors an advantage in the marketplace by making foreign competitors' goods more expensive than domestic goods.

Azerbaijan imported wheat from Romania in exchange for crude oil and Vietnam exchanged rice for Philippine fertilizer and coconuts.Both scenarios are examples of which of the following?

Which of the following often take the form of a joint venture?

Costa Rica,the Dominican Republic,El Salvador,and several other Central American countries formed the CAFTA economic community.This is an example of a policy of protectionism.

Expropriation occurs when a government ________.

Kyrgyzstan is a small,poor,mountainous country with a predominantly agricultural economy.Cotton,wool,and meat are the main agricultural products and exports.Fifty-one percent of the population lives in poverty.Kyrgyzstan is an example of a(n)________.

Governments use tariffs to give domestic competitors an advantage in the marketplace by making foreign competitors' goods more expensive.