Question 1

What basic networks of transportation are essential for physical distribution?

Accepted Answer

A)  Internet, fiber optics, and satellite 
B)  Roadways, bridges, and traffic control 
C)  Land, rail, waterway, and air 
D)  Tokens, tickets, and passes 
A)  Internet, fiber optics, and satellite 
B)  Roadways, bridges, and traffic control 
C)  Land, rail, waterway, and air 
D)  Tokens, tickets, and passes

Question 2

Which of the following is best described as a "dynamic marketplace in which all restrictions and barriers among member countries are removed"?

Accepted Answer

A)  Autocracy 
B)  Bilateral infrastructure 
C)  Free trade area 
D)  California 
A)  Autocracy 
B)  Bilateral infrastructure 
C)  Free trade area 
D)  California

Question 3

With its diamond mines and rich natural resources, Africa remains the richest continent on earth.

Accepted Answer

A) True 
 B)False

Question 4

_____________ are factories located along the U.S. and Mexico border that integrate cheap Mexican labor with high-end American technology.

Accepted Answer

A)  Plaza Palominos 
B)  Refractoriums 
C)  Maquiladoras 
D)  Partido Revolutionario Institucional (PRI) 
A)  Plaza Palominos 
B)  Refractoriums 
C)  Maquiladoras 
D)  Partido Revolutionario Institucional (PRI)

Question 5

As the life expectancy in a market extends and new target markets become available, international marketers may be able to extend product life cycles by marketing them abroad.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following is noted as a way that marketers can extend the lifecycles of their products?

Accepted Answer

A)  Renaming the products 
B)  Lowering the prices 
C)  Decrease production 
D)  Marketing products abroad 
A)  Renaming the products 
B)  Lowering the prices 
C)  Decrease production 
D)  Marketing products abroad

Question 7

Which organization is represented by the acronym OPEC?

Accepted Answer

A)  Overall Project to Evaluate Currency 
B)  Oil Production Economic Council 
C)  Original Political Executive Council 
D)  Organization of Petroleum Exporting Countries 
A)  Overall Project to Evaluate Currency 
B)  Oil Production Economic Council 
C)  Original Political Executive Council 
D)  Organization of Petroleum Exporting Countries

Question 8

Purchasing power is a function of three distinct elements: available resources, temperate climate, and categorical supply.

Accepted Answer

A) True 
 B)False

Question 9

PQLI is a composite measure of the level of welfare in a country.

Accepted Answer

A) True 
 B)False

Question 10

The ratification of EFTA created the world's largest free market with 390 million consumers.

Accepted Answer

A) True 
 B)False

Question 11

Engel's laws state that as a family's income rises, the percentage of the money it spends on food will increase because of the reliance on buying prepared food out of the home, i.e. restaurants and bistros.

Accepted Answer

A) True 
 B)False

Question 12

One characteristic of this trade agreement is that it established a common trade policy with respect to nonmembers.

Accepted Answer

A)  NAFTA 
B)  ASCAP and BMI 
C)  NAACP 
D)  Customs Union 
A)  NAFTA 
B)  ASCAP and BMI 
C)  NAACP 
D)  Customs Union

Question 13

Which of the following is the currency that was created by the European Union?

Accepted Answer

A)  Dogma 
B)  Euro 
C)  Francpence 
D)  the "Pauper's Mill" 
A)  Dogma 
B)  Euro 
C)  Francpence 
D)  the "Pauper's Mill"

Question 14

The Group of Five are:

Accepted Answer

A)  money managers who regulate worldwide currency rates. 
B)  money, markets, media, message, and methodology. 
C)  the United States, Britain, France, Germany, and Japan. 
D)  automobiles, trains, boats, planes, and waterways. 
A)  money managers who regulate worldwide currency rates. 
B)  money, markets, media, message, and methodology. 
C)  the United States, Britain, France, Germany, and Japan. 
D)  automobiles, trains, boats, planes, and waterways.

Question 15

Market information on the percentage of households that own a particular product is known as:

Accepted Answer

A)  product categorization. 
B)  product saturation or diffusion. 
C)  taxable income. 
D)  suspended products. 
A)  product categorization. 
B)  product saturation or diffusion. 
C)  taxable income. 
D)  suspended products.

Question 16

What infrastructure element is vital for a vibrant agricultural market?

Accepted Answer

A)  Developed roads 
B)  Cropdusters 
C)  Moonlight harvesting 
D)  Bridge. 
A)  Developed roads 
B)  Cropdusters 
C)  Moonlight harvesting 
D)  Bridge.

Question 17

Maquiladoras are landscape engineers who make sure that the Free Trade areas along the border are neat and clean so more companies will choose to trade with each other.

Accepted Answer

A) True 
 B)False

Question 18

In what country or are is the greatest population explosion predicted to occur within the next 25 years?

Accepted Answer

A)  Georgia 
B)  Developing countries 
C)  Australia 
D)  United States 
A)  Georgia 
B)  Developing countries 
C)  Australia 
D)  United States

Question 19

Purchasing Power Parities (PPP) is the amount of currency which, when converted into the floating U.S. dollar, equals the projection of stabilized currency as set by the Federal Reserve in compliance with the World Bank.

Accepted Answer

A) True 
 B)False

Question 20

The availability and quality of an infrastructure is critically important in evaluating marketing operations abroad.

Accepted Answer

A) True 
 B)False

What basic networks of transportation are essential for physical distribution?

Which of the following is best described as a "dynamic marketplace in which all restrictions and barriers among member countries are removed"?

With its diamond mines and rich natural resources, Africa remains the richest continent on earth.

_____________ are factories located along the U.S. and Mexico border that integrate cheap Mexican labor with high-end American technology.

As the life expectancy in a market extends and new target markets become available, international marketers may be able to extend product life cycles by marketing them abroad.

Which of the following is noted as a way that marketers can extend the lifecycles of their products?

Which organization is represented by the acronym OPEC?

Purchasing power is a function of three distinct elements: available resources, temperate climate, and categorical supply.

PQLI is a composite measure of the level of welfare in a country.

The ratification of EFTA created the world's largest free market with 390 million consumers.

Engel's laws state that as a family's income rises, the percentage of the money it spends on food will increase because of the reliance on buying prepared food out of the home, i.e. restaurants and bistros.

One characteristic of this trade agreement is that it established a common trade policy with respect to nonmembers.

Which of the following is the currency that was created by the European Union?

The Group of Five are:

Market information on the percentage of households that own a particular product is known as:

What infrastructure element is vital for a vibrant agricultural market?

Maquiladoras are landscape engineers who make sure that the Free Trade areas along the border are neat and clean so more companies will choose to trade with each other.

In what country or are is the greatest population explosion predicted to occur within the next 25 years?

Purchasing Power Parities (PPP) is the amount of currency which, when converted into the floating U.S. dollar, equals the projection of stabilized currency as set by the Federal Reserve in compliance with the World Bank.

The availability and quality of an infrastructure is critically important in evaluating marketing operations abroad.

The International Marketing Environment

Trade Institutions and Trade Policy

The Cultural Environment

The Political and Legal Environment

Strategic Planning

Marketing Organization, Implementation, and Control

Research

Market Entry and Expansion

Product Adaptation

Export Pricing

Marketing Communications

Distribution Management

Global Product Management and Branding

Global Services

Global Logistics and Materials Management

Global Pricing

Global Promotional Strategies

Filters

Exam 4: The Economic Environment

What basic networks of transportation are essential for physical distribution?

Which of the following is best described as a "dynamic marketplace in which all restrictions and barriers among member countries are removed"?

With its diamond mines and rich natural resources, Africa remains the richest continent on earth.

_____________ are factories located along the U.S. and Mexico border that integrate cheap Mexican labor with high-end American technology.

As the life expectancy in a market extends and new target markets become available, international marketers may be able to extend product life cycles by marketing them abroad.

Which of the following is noted as a way that marketers can extend the lifecycles of their products?

Which organization is represented by the acronym OPEC?

Purchasing power is a function of three distinct elements: available resources, temperate climate, and categorical supply.

PQLI is a composite measure of the level of welfare in a country.

The ratification of EFTA created the world's largest free market with 390 million consumers.

Engel's laws state that as a family's income rises, the percentage of the money it spends on food will increase because of the reliance on buying prepared food out of the home, i.e. restaurants and bistros.

One characteristic of this trade agreement is that it established a common trade policy with respect to nonmembers.

Which of the following is the currency that was created by the European Union?

The Group of Five are:

Market information on the percentage of households that own a particular product is known as:

What infrastructure element is vital for a vibrant agricultural market?

Maquiladoras are landscape engineers who make sure that the Free Trade areas along the border are neat and clean so more companies will choose to trade with each other.

In what country or are is the greatest population explosion predicted to occur within the next 25 years?

Purchasing Power Parities (PPP) is the amount of currency which, when converted into the floating U.S. dollar, equals the projection of stabilized currency as set by the Federal Reserve in compliance with the World Bank.

The availability and quality of an infrastructure is critically important in evaluating marketing operations abroad.

The International Marketing Environment

Trade Institutions and Trade Policy

The Cultural Environment

The Political and Legal Environment

Strategic Planning

Marketing Organization, Implementation, and Control

Research

Market Entry and Expansion

Product Adaptation

Export Pricing

Marketing Communications

Distribution Management

Global Product Management and Branding

Global Services

Global Logistics and Materials Management

Global Pricing

Global Promotional Strategies

Filters