Question 1

The countries that are part of the Group of Eight are Canada, France, Germany, Italy, Japan, Russia, UK and the USA.

Accepted Answer

A) True 
 B)False

Question 2

NIEs, or newly industrialising economies, cover places like Hong Kong and Taiwan.

Accepted Answer

A) True 
 B)False

Question 3

Purchasing power is a function of:

Accepted Answer

A) prices, income, fixed commitments and government credit policy. 
B) prices, debt levels, income and fixed commitments. 
C) income, credit availability, prices and debt levels. 
D) income, prices, savings and credit availability. 
A) prices, income, fixed commitments and government credit policy. 
B) prices, debt levels, income and fixed commitments. 
C) income, credit availability, prices and debt levels. 
D) income, prices, savings and credit availability.

Question 4

Inflation is a problem that may cause:

Accepted Answer

A) a government to invoke price controls. 
B) higher profit situation for international marketers due to maximum prices being set. 
C) increased investment activity in the region. 
D) increases in production as wages are now comparatively cheaper. 
A) a government to invoke price controls. 
B) higher profit situation for international marketers due to maximum prices being set. 
C) increased investment activity in the region. 
D) increases in production as wages are now comparatively cheaper.

Question 5

A ____________ the highest level of economic integration.

Accepted Answer

A) common market 
B) economic union 
C) Free Trade Area 
D) customs union 
A) common market 
B) economic union 
C) Free Trade Area 
D) customs union

Question 6

United Nations projections point to a population explosion, mainly in the developing nations.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following statements is false?

Accepted Answer

A) The World Trade Organization (WTO)is the major, and most comprehensive, trade facilitation entity, and with the accession of Russia on 22 August 2012 it now encompasses all of the world's significant economies. 
B) Blocs are joining bigger blocs as in the case of the Asia Pacific Economic Cooperation (APE
C) , which brings partners together from multiple continents (including NAFTA, ASEAN Free Trade Area and individual countries such as Australia, China, Japan and Russia). 
C) The World Trade Organization (WTO)is the major, and most comprehensive, trade facilitation entity, and with the accession of China on 22 August 2012 it now encompasses all of the world's significant economies. 
D) Economic integration has been one of the main economic developments affecting world markets since the Second World War. 
A) The World Trade Organization (WTO)is the major, and most comprehensive, trade facilitation entity, and with the accession of Russia on 22 August 2012 it now encompasses all of the world's significant economies. 
B) Blocs are joining bigger blocs as in the case of the Asia Pacific Economic Cooperation (APE
C) , which brings partners together from multiple continents (including NAFTA, ASEAN Free Trade Area and individual countries such as Australia, China, Japan and Russia). 
C) The World Trade Organization (WTO)is the major, and most comprehensive, trade facilitation entity, and with the accession of China on 22 August 2012 it now encompasses all of the world's significant economies. 
D) Economic integration has been one of the main economic developments affecting world markets since the Second World War.

Question 8

The international marketer can use which of the following classification as a planning guide?

Accepted Answer

A) Very low family incomes: subsistence economies tend to be characterised by rural populations in which consumption relies on personal output or barter.Some urban centres may provide markets. 
B) Very low, very high family incomes: some countries exhibit strongly bimodal income distributions.The majority of the population may live barely above the subsistence level, but there is a strong market in urban centres and a growing middle class.The affluent are truly affluent and will consume accordingly. 
C) Low, medium and high family incomes: industrialisation produces an emerging middle class with increasing disposable income. 
D) All of these choices 
A) Very low family incomes: subsistence economies tend to be characterised by rural populations in which consumption relies on personal output or barter.Some urban centres may provide markets. 
B) Very low, very high family incomes: some countries exhibit strongly bimodal income distributions.The majority of the population may live barely above the subsistence level, but there is a strong market in urban centres and a growing middle class.The affluent are truly affluent and will consume accordingly. 
C) Low, medium and high family incomes: industrialisation produces an emerging middle class with increasing disposable income. 
D) All of these choices

Question 9

The GDP per capita of the USA is higher than the GDP per capita of Australia.

Accepted Answer

A) True 
 B)False

Question 10

In which country is an urban area defined as a built-up area with at least 200 inhabitants with no more than 200 metres between houses?

Accepted Answer

A) Sweden 
B) South Africa 
C) Singapore 
D) Sri Lanka 
A) Sweden 
B) South Africa 
C) Singapore 
D) Sri Lanka

Question 11

International marketers can respond to a recession in the target market by:

Accepted Answer

A) temporarily abandoning the target market. 
B) increasing marketing efforts. 
C) decreasing the capitalisation rate. 
D) temporarily abandoning the target market and increasing marketing efforts. 
A) temporarily abandoning the target market. 
B) increasing marketing efforts. 
C) decreasing the capitalisation rate. 
D) temporarily abandoning the target market and increasing marketing efforts.

Question 12

It is estimated that the total world population exceeded 15 billion people in 2012.

Accepted Answer

A) True 
 B)False

Question 13

The world's developing countries have the most to gain from economic alliances like AFTA and ANCOM.

Accepted Answer

A) True 
 B)False

Question 14

There is a close relationship between economic and social development and therefore many economic figures can be used as social indicators.

Accepted Answer

A) True 
 B)False

Question 15

A country's debt must be considered in terms of:

Accepted Answer

A) its size. 
B) the ability of the country to service the debt, measured by export revenue earnings. 
C) GNI of the country. 
D) All of these choices 
A) its size. 
B) the ability of the country to service the debt, measured by export revenue earnings. 
C) GNI of the country. 
D) All of these choices

Question 16

Engel's laws state that as a family's income increases, the percentage spent on food will decrease but the percentage spent on housing and household operations will remain roughly constant.

Accepted Answer

A) True 
 B)False

The countries that are part of the Group of Eight are Canada, France, Germany, Italy, Japan, Russia, UK and the USA.

NIEs, or newly industrialising economies, cover places like Hong Kong and Taiwan.

Purchasing power is a function of:

Inflation is a problem that may cause:

A ____________ the highest level of economic integration.

United Nations projections point to a population explosion, mainly in the developing nations.

Which of the following statements is false?

The international marketer can use which of the following classification as a planning guide?

The GDP per capita of the USA is higher than the GDP per capita of Australia.

In which country is an urban area defined as a built-up area with at least 200 inhabitants with no more than 200 metres between houses?

International marketers can respond to a recession in the target market by:

It is estimated that the total world population exceeded 15 billion people in 2012.

The world's developing countries have the most to gain from economic alliances like AFTA and ANCOM.

There is a close relationship between economic and social development and therefore many economic figures can be used as social indicators.

A country's debt must be considered in terms of:

Engel's laws state that as a family's income increases, the percentage spent on food will decrease but the percentage spent on housing and household operations will remain roughly constant.

Introduction to international marketing

Trade institutions and trade policy

The political and legal environment

The cultural environment

Building the knowledge base

Foreign market entry

Channels of distribution and logistics

Product policy and adaptation in international markets

Product and brand management in international markets

Services marketing

Pricing in international markets

International marketing communications

Social Networking and Communications

Filters

Exam 2: The economic environment

The countries that are part of the Group of Eight are Canada, France, Germany, Italy, Japan, Russia, UK and the USA.

NIEs, or newly industrialising economies, cover places like Hong Kong and Taiwan.

Purchasing power is a function of:

Inflation is a problem that may cause:

A ____________ the highest level of economic integration.

United Nations projections point to a population explosion, mainly in the developing nations.

Which of the following statements is false?

The international marketer can use which of the following classification as a planning guide?

The GDP per capita of the USA is higher than the GDP per capita of Australia.

In which country is an urban area defined as a built-up area with at least 200 inhabitants with no more than 200 metres between houses?

International marketers can respond to a recession in the target market by:

It is estimated that the total world population exceeded 15 billion people in 2012.

The world's developing countries have the most to gain from economic alliances like AFTA and ANCOM.

There is a close relationship between economic and social development and therefore many economic figures can be used as social indicators.

A country's debt must be considered in terms of:

Engel's laws state that as a family's income increases, the percentage spent on food will decrease but the percentage spent on housing and household operations will remain roughly constant.

Introduction to international marketing

Trade institutions and trade policy

The political and legal environment

The cultural environment

Building the knowledge base

Foreign market entry

Channels of distribution and logistics

Product policy and adaptation in international markets

Product and brand management in international markets

Services marketing

Pricing in international markets

International marketing communications

Social Networking and Communications

Filters