Exam 2: The Global Economic Environment

A decade ago, a number of countries in Central Europe, Latin America, and Asia were expected to experience rapid economic growth. Today much attention is focused on opportunities in Brazil, Russia, India, and China. Give reasons for this shift using an example of a manufacturer.

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Question 1

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These four countries are collectively known as BRIC. Microsoft's experience illustrates the nature of the market opportunity in these countries: In fiscal 2008, the software giant's collective revenues from BRIC grew 54%, compared with overall global revenue growth of 18%. Experts predict that the BRIC nations will be key players in global trade even as their track records on human rights, environmental protection, and other issues come under closer scrutiny by their trading partners. The BRIC government leaders will also come under pressure at home as their developing market economies create greater income disparity.

Product and market opportunities in a postindustrial society are more heavily dependent upon new products and innovations than in industrial societies. An example of this would be:

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Question 2

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According to the 2015 Index of Economic Freedom compiled by the Heritage Foundation, Hong Kong is ranked as having the highest degree of economic freedom.

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(True/False)

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Question 3

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True

Traditionally economists identified four main types of economic systems. However, due to globalization it is harder to categorize the systems this narrowly. What will be more robust descriptive criteria that can be used for classification?

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Question 4

The table below is taken from the Big Mac Index. After reviewing it, answer the questions listed below. -What is meant by PPP? According to this table, which is the most overvalued and undervalued currency? Fill the last column showing under or over valuation of local currencies. Give reasons for your answer. What is the primary drawback of this index? How can this be used?

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Question 5

Upper-middle-income countries that achieve the highest rates of economic growth are sometimes referred to collectively as:

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Question 6

In Singapore, gum is available at pharmacies; before buying a pack, however, consumers must register their names and addresses.

(True/False)

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Question 7

Measuring elevator populations in countries measured as units installed per thousand people gives an estimate of the market for elevators. That China has about one-half an elevator per thousand people is indicative of:

(Multiple Choice)

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Question 8

Today, market capitalism is widely practiced around the world, most notably in North America and the European Union.

(True/False)

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Question 9

Myanmar is considered as one of the emerging markets open for business. All of the following facts pertain to Myanmar except:

(Multiple Choice)

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Question 10

As per the listings of the 2015 Index of Economic Freedom by the Heritage Foundation, there is a high correlation between the degree of economic freedom and the extent to which a nation's mixed economy is market-oriented.

(True/False)

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Question 11

The majority of the world's population is included in the following economic category:

(Multiple Choice)

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Question 12

The big emerging markets (BEMs), include

(Multiple Choice)

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Question 13

Key characteristics of the Anglo Saxon model market system consists of private ownership and:

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Question 14

When countries or regions experience currency and/or economic stress, all of the following events can take place except:

(Multiple Choice)

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Question 15

The struggle between capitalism and socialism that began in 1917 is over.

(True/False)

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Question 16

The only two countries where Coca-Cola is not available through authorized channels are:

(Multiple Choice)

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Question 17

Low-income countries have a GNI per capita of $1,045 or less. The general characteristics shared by countries at this income level include all of the following except:

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Question 18

In Sweden, where the government controls two-thirds of all expenditures, resource allocation is more "market" oriented than "command" oriented.

(True/False)

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Question 19

Which one of the following nations fall in the lower-middle-income category?

(Multiple Choice)

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Question 20

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A decade ago, a number of countries in Central Europe, Latin America, and Asia were expected to experience rapid economic growth. Today much attention is focused on opportunities in Brazil, Russia, India, and China. Give reasons for this shift using an example of a manufacturer.

Product and market opportunities in a postindustrial society are more heavily dependent upon new products and innovations than in industrial societies. An example of this would be:

According to the 2015 Index of Economic Freedom compiled by the Heritage Foundation, Hong Kong is ranked as having the highest degree of economic freedom.

Traditionally economists identified four main types of economic systems. However, due to globalization it is harder to categorize the systems this narrowly. What will be more robust descriptive criteria that can be used for classification?

Upper-middle-income countries that achieve the highest rates of economic growth are sometimes referred to collectively as:

In Singapore, gum is available at pharmacies; before buying a pack, however, consumers must register their names and addresses.

Measuring elevator populations in countries measured as units installed per thousand people gives an estimate of the market for elevators. That China has about one-half an elevator per thousand people is indicative of:

Today, market capitalism is widely practiced around the world, most notably in North America and the European Union.

Myanmar is considered as one of the emerging markets open for business. All of the following facts pertain to Myanmar except:

As per the listings of the 2015 Index of Economic Freedom by the Heritage Foundation, there is a high correlation between the degree of economic freedom and the extent to which a nation's mixed economy is market-oriented.

The majority of the world's population is included in the following economic category:

The big emerging markets (BEMs), include

Key characteristics of the Anglo Saxon model market system consists of private ownership and:

When countries or regions experience currency and/or economic stress, all of the following events can take place except:

The struggle between capitalism and socialism that began in 1917 is over.

The only two countries where Coca-Cola is not available through authorized channels are:

Low-income countries have a GNI per capita of $1,045 or less. The general characteristics shared by countries at this income level include all of the following except:

In Sweden, where the government controls two-thirds of all expenditures, resource allocation is more "market" oriented than "command" oriented.

Which one of the following nations fall in the lower-middle-income category?

Introduction to Global Marketing

The Global Trade Environment

Social and Cultural Environments

The Political, Legal, and Regulatory Environments

Global Information Systems and Market Research

Segmentation, Targeting, and Positioning

Importing, Exporting, and Sourcing

Global Market Entry Strategies: Licensing, Investment, and Strategic Alliances

Brand and Product Decisions in Global Marketing

Pricing Decisions

Global Marketing Channels and Physical Distribution

Global Marketing Communications Decisions I: Advertising and Public Relations

Global Marketing Communications Decisions 2: Sales Promotion, Personal Selling, and Special Forms of Marketing Communication

Global Marketing and the Digital Revolution

Strategic Elements of Competitive Advantag

Leadership, Organization, and Corporate Social Responsibility

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