Question 1

Products made in less-developed countries tend to be evaluated more positively than those from relatively more developed countries.

Accepted Answer

A) True 
 B)False

Question 2

Locating production facilities within regional markets is popular because ________.

Accepted Answer

A)  producing in one of a region's countries provides duty-free access to every consumer in the whole trade bloc 
B)  it simplifies language gaps 
C)  it simplifies political and economic gaps 
D)  marketing strategies can then be standardized across the bloc 
A)  producing in one of a region's countries provides duty-free access to every consumer in the whole trade bloc 
B)  it simplifies language gaps 
C)  it simplifies political and economic gaps 
D)  marketing strategies can then be standardized across the bloc

Question 3

Selecting the market or site is the ________ step in the screening process for potential markets and sites.

Accepted Answer

The answer of Selecting the market or site is the...

Question 4

When creating a market-potential indicator for an emerging market, market receptivity estimates the wealth or buying power of a market from the expenditures of both individuals and businesses.

Accepted Answer

A) True 
 B)False

Question 5

How does the cost of transporting products affect the decision of where to locate manufacturing facilities? Discuss the concept of international logistics.

Accepted Answer

The cost of transporting products has a

Question 6

Which of the following is NOT a difficulty associated with conducting international market research?

Accepted Answer

A)  Availability of data 
B)  Comparability of data 
C)  Cultural differences 
D)  Statistical differences 
A)  Availability of data 
B)  Comparability of data 
C)  Cultural differences 
D)  Statistical differences

Question 7

When creating a market-potential indicator for an emerging market, which of the following allows managers to rank countries from the largest to the smallest regardless of a particular product?

Accepted Answer

A)  Market growth rate 
B)  Market intensity 
C)  Market size 
D)  Market consumption capacity 
A)  Market growth rate 
B)  Market intensity 
C)  Market size 
D)  Market consumption capacity

Question 8

The key element of political risk that concerns companies is ________.

Accepted Answer

unforeseen

Question 9

When creating a market-potential indicator for an emerging market, market size estimates the ________.

Accepted Answer

A)  size of a market for a particular product 
B)  size of the overall economy 
C)  current and expected size of the market 
D)  buying power of the market 
A)  size of a market for a particular product 
B)  size of the overall economy 
C)  current and expected size of the market 
D)  buying power of the market

Question 10

An exhibition at which members of an industry showcase their latest products, study activities of rivals, and examine recent trends and opportunities is called a ________.

Accepted Answer

A)  focus group 
B)  trade show 
C)  environmental survey 
D)  trade mission 
A)  focus group 
B)  trade show 
C)  environmental survey 
D)  trade mission

Question 11

In the local infrastructure analysis, telecommunications is of chief importance given increasing reliance on electronic communication.

Accepted Answer

A) True 
 B)False

Question 12

Restrictions on the repatriation of profits can force a company to either ________ or ________ in the host country.

Accepted Answer

reinvest p

Question 13

Describe any five variables commonly included in creating a market-potential analysis for an emerging market.

Accepted Answer

The answer of Describe any five variables commonly included in...

Question 14

A lack of qualified local managers usually indicates the potential site must be dropped from consideration because no alternatives exist to solve this problem.

Accepted Answer

A) True 
 B)False

Question 15

Research in which an interviewer has current or potential buyers answer written or verbal questions to obtain facts, opinions, or attitudes is called a ________.

Accepted Answer

The answer of Research in which an interviewer has current...

Question 16

Scenario: Rookie Chong
John Chong is a rookie in global business, but wants to sell his product, Zulu doll, in every corner of the world. He wants to examine every potential market but wants to keep the costs low. John has asked you to explain a few things about analyzing international markets.
-The income elasticity coefficient for Zulu doll is 1.2, which means the demand for Zulu doll will ________.

Accepted Answer

A)  increase 1.2 percent for every 1.0 percent increase in income 
B)  increase 1.0 percent for every 1.2 percent increase in income 
C)  decrease 1.2 percent for every 1.0 percent increase in income 
D)  remain stagnant since 1.2 is the neutral point 
A)  increase 1.2 percent for every 1.0 percent increase in income 
B)  increase 1.0 percent for every 1.2 percent increase in income 
C)  decrease 1.2 percent for every 1.0 percent increase in income 
D)  remain stagnant since 1.2 is the neutral point

Question 17

Which of the following is the correct sequence in the screening process for potential markets and sites?

Accepted Answer

A)  Measure market/site potential, identify basic appeal, select market/site, assess the national business environment 
B)  Identify basic appeal, assess the national business environment, measure market/site potential, select the market/site 
C)  Assess the national business environment, identify basic appeal, select the market/site, measure the potential 
D)  Select the market/site, measure the potential, assess the national business environment, identify basic appeal 
A)  Measure market/site potential, identify basic appeal, select market/site, assess the national business environment 
B)  Identify basic appeal, assess the national business environment, measure market/site potential, select the market/site 
C)  Assess the national business environment, identify basic appeal, select the market/site, measure the potential 
D)  Select the market/site, measure the potential, assess the national business environment, identify basic appeal

Question 18

Measuring market or site potential is the ________ step in the screening process for potential markets and sites.

Accepted Answer

The answer of Measuring market or site potential is the...

Question 19

Scenario: Indy Bats, LLC
Indy Bats, LLC is looking for new markets. Matt Johnson has been appointed head of a special task force that has been given the responsibility of identifying new markets for the company's products. The company is especially interested in exploring emerging economies.
-If Matt wants to estimate the extent to which free-market principles predominate in an emerging market, Matt should consider the variable called ________.

Accepted Answer

A)  country risk 
B)  economic freedom 
C)  political freedom 
D)  market intensity 
A)  country risk 
B)  economic freedom 
C)  political freedom 
D)  market intensity

Question 20

Companies in Canada, Mexico, and the United States often gain their initial international experiences in ________.

Accepted Answer

one anothe

Products made in less-developed countries tend to be evaluated more positively than those from relatively more developed countries.

Locating production facilities within regional markets is popular because ________.

Selecting the market or site is the ________ step in the screening process for potential markets and sites.

When creating a market-potential indicator for an emerging market, market receptivity estimates the wealth or buying power of a market from the expenditures of both individuals and businesses.

How does the cost of transporting products affect the decision of where to locate manufacturing facilities? Discuss the concept of international logistics.

Which of the following is NOT a difficulty associated with conducting international market research?

When creating a market-potential indicator for an emerging market, which of the following allows managers to rank countries from the largest to the smallest regardless of a particular product?

The key element of political risk that concerns companies is ________.

When creating a market-potential indicator for an emerging market, market size estimates the ________.

An exhibition at which members of an industry showcase their latest products, study activities of rivals, and examine recent trends and opportunities is called a ________.

In the local infrastructure analysis, telecommunications is of chief importance given increasing reliance on electronic communication.

Restrictions on the repatriation of profits can force a company to either or in the host country.

Describe any five variables commonly included in creating a market-potential analysis for an emerging market.

A lack of qualified local managers usually indicates the potential site must be dropped from consideration because no alternatives exist to solve this problem.

Research in which an interviewer has current or potential buyers answer written or verbal questions to obtain facts, opinions, or attitudes is called a ________.

Which of the following is the correct sequence in the screening process for potential markets and sites?

Measuring market or site potential is the ________ step in the screening process for potential markets and sites.

Companies in Canada, Mexico, and the United States often gain their initial international experiences in ________.

Globalization

Cross-Cultrual Busines

Politics, Law, and Business Ethics

Economic Systems and Development

International Trade

Business-Government Trade Relations

Foreign Direct Investment

Regional Economic Integration

International Financial Markets

International Money System

International Strategy and Organization

Selecting and Managing Entry Modes

Developing and Marketing Products

Managing International Operations

Hiring and Managing Employees

Filters

Exam 12: Analyzing International Opportunities

Products made in less-developed countries tend to be evaluated more positively than those from relatively more developed countries.

Locating production facilities within regional markets is popular because ________.

Selecting the market or site is the ________ step in the screening process for potential markets and sites.

When creating a market-potential indicator for an emerging market, market receptivity estimates the wealth or buying power of a market from the expenditures of both individuals and businesses.

How does the cost of transporting products affect the decision of where to locate manufacturing facilities? Discuss the concept of international logistics.

Which of the following is NOT a difficulty associated with conducting international market research?

When creating a market-potential indicator for an emerging market, which of the following allows managers to rank countries from the largest to the smallest regardless of a particular product?

The key element of political risk that concerns companies is ________.

When creating a market-potential indicator for an emerging market, market size estimates the ________.

An exhibition at which members of an industry showcase their latest products, study activities of rivals, and examine recent trends and opportunities is called a ________.

In the local infrastructure analysis, telecommunications is of chief importance given increasing reliance on electronic communication.

Restrictions on the repatriation of profits can force a company to either ________ or ________ in the host country.

Describe any five variables commonly included in creating a market-potential analysis for an emerging market.

A lack of qualified local managers usually indicates the potential site must be dropped from consideration because no alternatives exist to solve this problem.

Research in which an interviewer has current or potential buyers answer written or verbal questions to obtain facts, opinions, or attitudes is called a ________.

Which of the following is the correct sequence in the screening process for potential markets and sites?

Measuring market or site potential is the ________ step in the screening process for potential markets and sites.

Companies in Canada, Mexico, and the United States often gain their initial international experiences in ________.

Globalization

Cross-Cultrual Busines

Politics, Law, and Business Ethics

Economic Systems and Development

International Trade

Business-Government Trade Relations

Foreign Direct Investment

Regional Economic Integration

International Financial Markets

International Money System

International Strategy and Organization

Selecting and Managing Entry Modes

Developing and Marketing Products

Managing International Operations

Hiring and Managing Employees

Filters

Restrictions on the repatriation of profits can force a company to either or in the host country.