Exam 19: The Global Marketplace

CAFTA has eliminated all trade barriers and investment restrictions among the United States,Canada,and Mexico.

A(n)________ is a limit on the amount of goods that an importing country will accept in certain product categories.

India needs more imports of raw materials such as textiles,steel,and heavy machinery and fewer imports of finished textiles,paper products,and automobiles.India is most likely a(n)________ economy.

Coca-Cola is less sweet or less carbonated in certain countries.This is known as standardized global marketing.

To maximize the toothpaste market in China,Crest needs to convince more of the Chinese population to brush their teeth.Which of the following would Crest be most likely to use to accomplish this?

The exchange of Thai rice for Malaysian palm oil would be an example of barter.

Demographic characteristics,geographic characteristics,economic factors,sociocultural factors,and political and legal factors all help a company ________.

________ is a group of nations organized to work toward common goals in the regulation of international trade.

________ industries are safe from foreign competition.

Why is a company unlikely to set a uniform price all around the world?

Non-tariff trade barriers include restrictive product standards that work against American product features.

GATT is a treaty designed to promote world peace by reducing tariffs and other international trade barriers.

Vidal Sassoon shampoos contain different amounts of scent according to what country they are sold in.This is an example of ________.

U.S.foreign policy makers have criticized China for protectionist regulations and other actions that are biased against U.S.company bids.This is an example of a(an)________.

Of the following,a company should make which major decision about international marketing first?

Which of the following is designed to help foster trade between nations?

What are two possible risks involved with licensing?

Finnish cell phone maker Nokia customized its cell phones for the Asian market by raising the ring volume so phones could be heard on crowded streets.This is an example of product invention.

China recently agreed to help the Democratic Republic of Congo develop $6 billion of desperately needed infrastructure-2,400 miles of roads,2,000 miles of railways,32 hospitals,145 health centers,and two universities-in exchange for natural resources needed to feed China's booming industries-10 million tons of copper and 400,000 tons of cobalt.This scenario is an example of which of the following?

Sellers may eventually move into ________,whereby they handle their own exports.The investment and risk are somewhat greater in this strategy.