Question 1

High transaction costs associated with the use of the Internet prevents smaller firms in emerging countries from selling into a global market.

Accepted Answer

A) True 
 B)False

Question 2

Dynamic economies differ from static economies in that dynamic economies:

Accepted Answer

A)  need not match marketing efforts with the market needs and wants. 
B)  have rapidly changing consumption patterns. 
C)  have a highly predictable and loyal consumer base. 
D)  define marketing as typically nothing more than a supply effort. 
E)  do not require a marketer to be prepared for economic shifts and emerging markets. 
A)  need not match marketing efforts with the market needs and wants. 
B)  have rapidly changing consumption patterns. 
C)  have a highly predictable and loyal consumer base. 
D)  define marketing as typically nothing more than a supply effort. 
E)  do not require a marketer to be prepared for economic shifts and emerging markets.

Question 3

NAFTA differs from Mercosur in that NAFTA:

Accepted Answer

A)  was provided legal basis by the Treaty of Asunción. 
B)  is the second-largest common-market agreement in the Americas after Mercosur. 
C)  includes Argentina, Bolivia, Brazil, Chile, Paraguay, and Uruguay. 
D)  aims to address and improve all aspects of doing business within North America. 
E)  aims to establish a common currency for its Latin American members. 
A)  was provided legal basis by the Treaty of Asunción. 
B)  is the second-largest common-market agreement in the Americas after Mercosur. 
C)  includes Argentina, Bolivia, Brazil, Chile, Paraguay, and Uruguay. 
D)  aims to address and improve all aspects of doing business within North America. 
E)  aims to establish a common currency for its Latin American members.

Question 4

Economic planners are most likely to be least concerned with the problems related to _____.

Accepted Answer

A)  production 
B)  finance 
C)  expenditure 
D)  distribution 
E)  investment 
A)  production 
B)  finance 
C)  expenditure 
D)  distribution 
E)  investment

Question 5

Most newly industrialized countries (NICs) have moved away from restrictive trade practices and instituted significant free market reforms. As a result, these countries have:

Accepted Answer

A)  attracted both trade and foreign direct investment. 
B)  become poor importers as well as exporters. 
C)  experienced low gross national income. 
D)  stepped up their protectionist policies. 
E)  majorly given up on their domestic markets. 
A)  attracted both trade and foreign direct investment. 
B)  become poor importers as well as exporters. 
C)  experienced low gross national income. 
D)  stepped up their protectionist policies. 
E)  majorly given up on their domestic markets.

Question 6

Brazil is a fully industrialized country.

Accepted Answer

A) True 
 B)False

Question 7

Discuss the features of Mercosur and its role in improving trade associations among American nations.

Accepted Answer

Mercosur includes Argentina, Bolivia, Br

Question 8

All of the following are traits of big emerging markets (BEMs) EXCEPT:

Accepted Answer

A)  they import less than smaller markets. 
B)  they are all physically large. 
C)  they have significant populations. 
D)  they are regional economic drivers. 
E)  they are of major political importance within their regions. 
A)  they import less than smaller markets. 
B)  they are all physically large. 
C)  they have significant populations. 
D)  they are regional economic drivers. 
E)  they are of major political importance within their regions.

Question 9

Which of the following is true about the present state of foreign businesses in most developing countries?

Accepted Answer

A)  Foreign investors are seen as vital partners in economic development. 
B)  Today, most developing countries have more conservative attitudes toward foreign investments than before. 
C)  Foreign firms are expropriated and charged with excessively high tariffs and quotas by all developing countries. 
D)  Foreign businesses are not allowed to raise money by means of shares in developing countries. 
E)  Foreign investment is banned in most developing countries. 
A)  Foreign investors are seen as vital partners in economic development. 
B)  Today, most developing countries have more conservative attitudes toward foreign investments than before. 
C)  Foreign firms are expropriated and charged with excessively high tariffs and quotas by all developing countries. 
D)  Foreign businesses are not allowed to raise money by means of shares in developing countries. 
E)  Foreign investment is banned in most developing countries.

Question 10

Which of the following accounts for the lion's share of Mercosur exports to Europe?

Accepted Answer

A)  Clothing and apparel 
B)  Telecommunication equipment 
C)  Consumer durables 
D)  Petroleum and minerals 
E)  Agricultural and agro-industrial products 
A)  Clothing and apparel 
B)  Telecommunication equipment 
C)  Consumer durables 
D)  Petroleum and minerals 
E)  Agricultural and agro-industrial products

Question 11

Among three kinds of distances that international marketers must traverse, time zones have the greatest influence on the success of their commercial efforts abroad.

Accepted Answer

A) True 
 B)False

Question 12

_____ required the United States, Canada, and Mexico to remove all tariffs and trade barriers over 15 years, and beginning in 2008, all tariff barriers were officially dropped.

Accepted Answer

A)  Mercosur 
B)  LAIA 
C)  CARICOM 
D)  NAFTA 
E)  DR-CFTA 
A)  Mercosur 
B)  LAIA 
C)  CARICOM 
D)  NAFTA 
E)  DR-CFTA

Question 13

_____ is an economy's arbitrator between productive capacity and consumer demand.

Accepted Answer

A)  Warehousing 
B)  Marketing 
C)  Convergence 
D)  Procurement 
E)  Outsourcing 
A)  Warehousing 
B)  Marketing 
C)  Convergence 
D)  Procurement 
E)  Outsourcing

Question 14

When the only marketing functions performed are demand creation and physical distribution, the marketing process is said to be in the mass distribution substage.

Accepted Answer

A) True 
 B)False

Question 15

What is economic development?

Accepted Answer

Economic development is generally unders

Question 16

CARICOM established the CSME (CARICOM Single Market and Economy) with the major goal of:

Accepted Answer

A)  establishing central institutions similar to those of the European Union institutions. 
B)  forming a political union. 
C)  implementing a common currency for all member nations. 
D)  increasing nontariff barriers. 
E)  implementing uniform customs procedures. 
A)  establishing central institutions similar to those of the European Union institutions. 
B)  forming a political union. 
C)  implementing a common currency for all member nations. 
D)  increasing nontariff barriers. 
E)  implementing uniform customs procedures.

Question 17

Economic planners are often more _____ oriented than marketing oriented.

Accepted Answer

A)  production 
B)  advertising 
C)  logistics 
D)  theory 
E)  distribution 
A)  production 
B)  advertising 
C)  logistics 
D)  theory 
E)  distribution

Question 18

In the context of the evolution of the marketing process, which of the following would be considered to be the most fundamental substage (first substage)?

Accepted Answer

A)  Surplus commodity product 
B)  Commercial-transition 
C)  Mass production 
D)  Mass distribution 
E)  Self-sufficient 
A)  Surplus commodity product 
B)  Commercial-transition 
C)  Mass production 
D)  Mass distribution 
E)  Self-sufficient

Question 19

Economic development means rapid economic growth and increases in consumer demand.

Accepted Answer

A) True 
 B)False

Question 20

Considering the United Nations' stages of economic development for classifying countries with respect to levels of industrialization, Brazil falls under the group of more-developed countries (MDCs).

Accepted Answer

A) True 
 B)False

High transaction costs associated with the use of the Internet prevents smaller firms in emerging countries from selling into a global market.

Dynamic economies differ from static economies in that dynamic economies:

NAFTA differs from Mercosur in that NAFTA:

Economic planners are most likely to be least concerned with the problems related to _____.

Most newly industrialized countries (NICs) have moved away from restrictive trade practices and instituted significant free market reforms. As a result, these countries have:

Brazil is a fully industrialized country.

Discuss the features of Mercosur and its role in improving trade associations among American nations.

All of the following are traits of big emerging markets (BEMs) EXCEPT:

Which of the following is true about the present state of foreign businesses in most developing countries?

Which of the following accounts for the lion's share of Mercosur exports to Europe?

Among three kinds of distances that international marketers must traverse, time zones have the greatest influence on the success of their commercial efforts abroad.

_____ required the United States, Canada, and Mexico to remove all tariffs and trade barriers over 15 years, and beginning in 2008, all tariff barriers were officially dropped.

_____ is an economy's arbitrator between productive capacity and consumer demand.

When the only marketing functions performed are demand creation and physical distribution, the marketing process is said to be in the mass distribution substage.

What is economic development?

CARICOM established the CSME (CARICOM Single Market and Economy) with the major goal of:

Economic planners are often more _____ oriented than marketing oriented.

In the context of the evolution of the marketing process, which of the following would be considered to be the most fundamental substage (first substage)?

Economic development means rapid economic growth and increases in consumer demand.

Considering the United Nations' stages of economic development for classifying countries with respect to levels of industrialization, Brazil falls under the group of more-developed countries (MDCs).

The Scope and Challenge of International Marketing

The Dynamic Environment of International Trade

History and Geography: The Foundations of Culture

Cultural Dynamics in Assessing Global Markets

Culture, Management Style, and Business Systems

The Political Environment: a Critical Concern

The International Legal Environment: Playing by the Rules

Developing a Global Vision Through Marketing Research

Europe, Africa, and the Middle East

The Asia Pacific Region

Global Marketing Management: Planning and Organization

Products and Services for Consumers

Products and Services for Businesses

International Marketing Channels

Integrated Marketing Communications and International Advertising

Personal Selling and Sales Management

Pricing for International Markets

Inventive Negotiations With International Customers, Partners, and Regulators

Filters

Exam 9: Economic Development and the Americas

High transaction costs associated with the use of the Internet prevents smaller firms in emerging countries from selling into a global market.

Dynamic economies differ from static economies in that dynamic economies:

NAFTA differs from Mercosur in that NAFTA:

Economic planners are most likely to be least concerned with the problems related to _____.

Most newly industrialized countries (NICs) have moved away from restrictive trade practices and instituted significant free market reforms. As a result, these countries have:

Brazil is a fully industrialized country.

Discuss the features of Mercosur and its role in improving trade associations among American nations.

All of the following are traits of big emerging markets (BEMs) EXCEPT:

Which of the following is true about the present state of foreign businesses in most developing countries?

Which of the following accounts for the lion's share of Mercosur exports to Europe?

Among three kinds of distances that international marketers must traverse, time zones have the greatest influence on the success of their commercial efforts abroad.

_____ required the United States, Canada, and Mexico to remove all tariffs and trade barriers over 15 years, and beginning in 2008, all tariff barriers were officially dropped.

_____ is an economy's arbitrator between productive capacity and consumer demand.

When the only marketing functions performed are demand creation and physical distribution, the marketing process is said to be in the mass distribution substage.

What is economic development?

CARICOM established the CSME (CARICOM Single Market and Economy) with the major goal of:

Economic planners are often more _____ oriented than marketing oriented.

In the context of the evolution of the marketing process, which of the following would be considered to be the most fundamental substage (first substage)?

Economic development means rapid economic growth and increases in consumer demand.

Considering the United Nations' stages of economic development for classifying countries with respect to levels of industrialization, Brazil falls under the group of more-developed countries (MDCs).

The Scope and Challenge of International Marketing

The Dynamic Environment of International Trade

History and Geography: The Foundations of Culture

Cultural Dynamics in Assessing Global Markets

Culture, Management Style, and Business Systems

The Political Environment: a Critical Concern

The International Legal Environment: Playing by the Rules

Developing a Global Vision Through Marketing Research

Europe, Africa, and the Middle East

The Asia Pacific Region

Global Marketing Management: Planning and Organization

Products and Services for Consumers

Products and Services for Businesses

International Marketing Channels

Integrated Marketing Communications and International Advertising

Personal Selling and Sales Management

Pricing for International Markets

Inventive Negotiations With International Customers, Partners, and Regulators

Filters