Question 1

Restrictive product standards are ________.

Accepted Answer

A) tariffs 
B) excise duties 
C) quotas 
D) nontariff trade barriers 
E) exchange controls 
A) tariffs 
B) excise duties 
C) quotas 
D) nontariff trade barriers 
E) exchange controls

Question 2

Excessive host-country regulations are an example of tariffs.

Accepted Answer

A) True 
 B)False

Question 3

Which of the following is most likely true about a global organization?

Accepted Answer

A) Worldwide policies are planned by top corporate management. 
B) Global operating units report to international division chiefs. 
C) Executive training is restricted to domestic operations. 
D) Employees are recruited exclusively from the home country. 
E) It considers itself a national marketer that sells abroad. 
A) Worldwide policies are planned by top corporate management. 
B) Global operating units report to international division chiefs. 
C) Executive training is restricted to domestic operations. 
D) Employees are recruited exclusively from the home country. 
E) It considers itself a national marketer that sells abroad.

Question 4

Which of the following is true of international divisions that are structured as geographical organizations?

Accepted Answer

A) Geographical organizations are operating units under the export department. 
B) Geographical organizations are usually formed to implement whole-channel supply chains. 
C) Geographical organizations are managed by product managers, each responsible for different product groups. 
D) Geographical organizations are inadequate if the firm moves into joint ventures or direct investments. 
E) Geographical organizations are managed by country managers responsible for salespeople, distributors, and licensees in their respective countries. 
A) Geographical organizations are operating units under the export department. 
B) Geographical organizations are usually formed to implement whole-channel supply chains. 
C) Geographical organizations are managed by product managers, each responsible for different product groups. 
D) Geographical organizations are inadequate if the firm moves into joint ventures or direct investments. 
E) Geographical organizations are managed by country managers responsible for salespeople, distributors, and licensees in their respective countries.

Question 5

In managing their international marketing activities, most companies first ________.

Accepted Answer

A) organize an import department 
B) create an international division 
C) initiate foreign direct investment 
D) form a domestic subsidiary 
E) organize an export department 
A) organize an import department 
B) create an international division 
C) initiate foreign direct investment 
D) form a domestic subsidiary 
E) organize an export department

Question 6

________ are international divisions responsible for the sales and profits of their own operating units.

Accepted Answer

A) World product groups 
B) Geographical organizations 
C) International subsidiaries 
D) Global organizations 
E) Export departments 
A) World product groups 
B) Geographical organizations 
C) International subsidiaries 
D) Global organizations 
E) Export departments

Question 7

Foreign businesses can face nontariff trade barriers restricting product standards.

Accepted Answer

A) True 
 B)False

Question 8

The European Union restricts trade opportunities to European firms.

Accepted Answer

A) True 
 B)False

Question 9

________ is a method of entering a foreign market by developing foreign-based assembly or manufacturing facilities.

Accepted Answer

A) Exporting 
B) Direct investment 
C) Licensing 
D) Indirect exporting 
E) Management contracting 
A) Exporting 
B) Direct investment 
C) Licensing 
D) Indirect exporting 
E) Management contracting

Question 10

Which type of economy consists mostly of households with very low family incomes?

Accepted Answer

A) post-industrial 
B) developed 
C) emerging 
D) industrial 
E) subsistence 
A) post-industrial 
B) developed 
C) emerging 
D) industrial 
E) subsistence

Question 11

Explain management contracting with an example. What are its advantages and disadvantages?

Accepted Answer

Management contracting is a type of join

Question 12

Japan is a major exporter of manufactured goods, services, and investment funds. Japan also exports its goods to other types of economies for raw materials and semifinished goods. The country's industrial structure is referred to as a(n)________ economy.

Accepted Answer

A) agricultural 
B) emerging 
C) industrial 
D) raw material exporting 
E) subsistence 
A) agricultural 
B) emerging 
C) industrial 
D) raw material exporting 
E) subsistence

Question 13

Management contracting consists of one company joining forces with foreign investors to create a local business in which they share possession and control.

Accepted Answer

A) True 
 B)False

Question 14

Under management contracting, a domestic firm ________.

Accepted Answer

A) adopts management know-how from a foreign company 
B) manufactures the products of a foreign company 
C) exports its products to a foreign company 
D) provides financial capital to a foreign company 
E) exports management services to a foreign company 
A) adopts management know-how from a foreign company 
B) manufactures the products of a foreign company 
C) exports its products to a foreign company 
D) provides financial capital to a foreign company 
E) exports management services to a foreign company

Question 15

Which type of economy consumes most of its output and barters the rest for simple goods and services?

Accepted Answer

A) industrial economy 
B) developed economy 
C) subsistence economy 
D) emerging economy 
E) raw material exporting economy 
A) industrial economy 
B) developed economy 
C) subsistence economy 
D) emerging economy 
E) raw material exporting economy

Question 16

Providing a host-country partner the right to use a company's manufacturing process, trademark, patent, trade secret, or other item of value is referred to as ________.

Accepted Answer

A) joint ownership 
B) direct exporting 
C) direct investment 
D) management contracting 
E) licensing 
A) joint ownership 
B) direct exporting 
C) direct investment 
D) management contracting 
E) licensing

Question 17

A blocked currency is one whose removal from the country is restricted by the buyer's government.

Accepted Answer

A) True 
 B)False

Question 18

Channels of distribution within countries are similar across nations.

Accepted Answer

A) True 
 B)False

Question 19

Explain product invention with the help of suitable examples.

Accepted Answer

Product invention consists of creating s

Question 20

Differentiate between industrializing economies and industrial economies. Give a few examples of each.

Accepted Answer

Industrializing economies are also known

Restrictive product standards are ________.

Excessive host-country regulations are an example of tariffs.

Which of the following is most likely true about a global organization?

Which of the following is true of international divisions that are structured as geographical organizations?

In managing their international marketing activities, most companies first ________.

________ are international divisions responsible for the sales and profits of their own operating units.

Foreign businesses can face nontariff trade barriers restricting product standards.

The European Union restricts trade opportunities to European firms.

________ is a method of entering a foreign market by developing foreign-based assembly or manufacturing facilities.

Which type of economy consists mostly of households with very low family incomes?

Explain management contracting with an example. What are its advantages and disadvantages?

Japan is a major exporter of manufactured goods, services, and investment funds. Japan also exports its goods to other types of economies for raw materials and semifinished goods. The country's industrial structure is referred to as a(n)________ economy.

Management contracting consists of one company joining forces with foreign investors to create a local business in which they share possession and control.

Under management contracting, a domestic firm ________.

Which type of economy consumes most of its output and barters the rest for simple goods and services?

Providing a host-country partner the right to use a company's manufacturing process, trademark, patent, trade secret, or other item of value is referred to as ________.

A blocked currency is one whose removal from the country is restricted by the buyer's government.

Channels of distribution within countries are similar across nations.

Explain product invention with the help of suitable examples.

Differentiate between industrializing economies and industrial economies. Give a few examples of each.

Marketing: Creating and Capturing Customer Value

Company and Marketing Strategy: Partnering to Build Customer Relationships

Sustainable Marketing, Social Responsibility and Ethics

Analyzing the Marketing Environment

Managing Marketing Information to Gain Customer Insights

Understanding Consumer and Business Buyer Behaviour

Segmentation, Targeting, and Positioning

Developing and Managing Products and Services

Brand Strategy and Management

Pricing: Understanding and Capturing Customer Value

Marketing Channels

Retailing and Wholesaling

Communicating Customer Value: Advertising and Public Relations

Personal Selling and Sales Promotion

Direct, Online, Social Media, and Mobile Marketing

Filters

Exam 16: The Global Marketplace

Restrictive product standards are ________.

Excessive host-country regulations are an example of tariffs.

Which of the following is most likely true about a global organization?

Which of the following is true of international divisions that are structured as geographical organizations?

In managing their international marketing activities, most companies first ________.

________ are international divisions responsible for the sales and profits of their own operating units.

Foreign businesses can face nontariff trade barriers restricting product standards.

The European Union restricts trade opportunities to European firms.

________ is a method of entering a foreign market by developing foreign-based assembly or manufacturing facilities.

Which type of economy consists mostly of households with very low family incomes?

Explain management contracting with an example. What are its advantages and disadvantages?

Japan is a major exporter of manufactured goods, services, and investment funds. Japan also exports its goods to other types of economies for raw materials and semifinished goods. The country's industrial structure is referred to as a(n)________ economy.

Management contracting consists of one company joining forces with foreign investors to create a local business in which they share possession and control.

Under management contracting, a domestic firm ________.

Which type of economy consumes most of its output and barters the rest for simple goods and services?

Providing a host-country partner the right to use a company's manufacturing process, trademark, patent, trade secret, or other item of value is referred to as ________.

A blocked currency is one whose removal from the country is restricted by the buyer's government.

Channels of distribution within countries are similar across nations.

Explain product invention with the help of suitable examples.

Differentiate between industrializing economies and industrial economies. Give a few examples of each.

Marketing: Creating and Capturing Customer Value

Company and Marketing Strategy: Partnering to Build Customer Relationships

Sustainable Marketing, Social Responsibility and Ethics

Analyzing the Marketing Environment

Managing Marketing Information to Gain Customer Insights

Understanding Consumer and Business Buyer Behaviour

Segmentation, Targeting, and Positioning

Developing and Managing Products and Services

Brand Strategy and Management

Pricing: Understanding and Capturing Customer Value

Marketing Channels

Retailing and Wholesaling

Communicating Customer Value: Advertising and Public Relations

Personal Selling and Sales Promotion

Direct, Online, Social Media, and Mobile Marketing

Filters