Exam 5: Global Markets

Scarcity of labor is never a problem in developing countries.

The first stage in a bidding process in which governments seek to weed out not-so-serious firms or firms that are too small to handle the contract is known as the ____________________ screen.

Consumers who comprise the bottom of the pyramid number

Soft-drinks consumption per capita is highest in

The Turkish Iznik Tile company sends the Egyptian education minister and his family on a one-week cruise throughout the Mediterranean in the hope that the minister will choose the Iznik Tile company as the tile supplier for three new university locations in Cairo.This is an example of ____.

To be considered as a supplier to the Bolivian government,a company must follow numerous bureaucratic procedures and fill out numerous long forms.This is an example of a governmental ____ screen that is common during government purchases in developing countries.

National global buyers search the world for products

Negotiations between buyers and suppliers from different parts of the world are difficult due to

In India,Hindus consider blue the most sacred color.

According to the Foreign Corrupt Practices Act (FCPA),U.S.firms are allowed to make ____________________ payments,small sums paid to civil servants to do their job.

If a country has a surplus of labor,then

Some cultures emphasize self-actualization before materialism.In many developing countries,consumers may deprive themselves of food in order to buy refrigerators to establish their social status and fulfill their self esteem.Therefore,there is a debate about the cross-cultural applicability of ____.

If a U.S.company pays a customs official an extra US$100 to speed up the clearance of their shipment of US$1 million of goods through customs,it is ____.

Global market segments are transnational consumer segments based on age,social class,and lifestyle rather than national culture.

Consumption patterns vary greatly from one country to another due to great variations in consumers' abilities and motivations to buy.

Explorasis,an American company,pays their Swiss lawyer US$1 million and asks them to give the money to a Russian general.They hope that the US$1 million will encourage the Russian general to choose their contract bid.Explorasis has ____.

Starbucks was attracted to the Mexican market because

An important indicator of total consumer potential of a country is the total imports into the country.

When workers do not report their income to the government,they are said to participate in the ____ sector of the economy.

The practice of assigning special account executives and service teams to large global buyers is called ____ management.