Question 1

What are FCN treaties?

Accepted Answer

The friendship,commerce,and navigation (

Question 2

The North American Free Trade Agreement (NAFTA)is a trade accord that removes trade barriers among:

Accepted Answer

A) countries in Western hemisphere and North, Central, and South America. 
B) Canada, Mexico, and the United States. 
C) The United States, Dominican Republic, and Central American nations. 
D) The United States and the European Union. 
A) countries in Western hemisphere and North, Central, and South America. 
B) Canada, Mexico, and the United States. 
C) The United States, Dominican Republic, and Central American nations. 
D) The United States and the European Union.

Question 3

Match each item with the correct statement below.
-A(n)_____ establishes a free-trade area plus a uniform tariff for trade with nonmember nations.

Accepted Answer

A) exporting 
B) WTO 
C) infrastructure 
D) exchange rate 
E) tariff
F)import quota
G)dumping
H)ISO certification
I)foreign licensing
J)multinational corporation
K)global marketing strategy
L)multidomestic marketing strategy
M)countertrade
N)related party trade
O)exchange control
P)customs union
Q)CAFTA-DR
R)importer
S)embargo
T)franchise 
A) exporting 
B) WTO 
C) infrastructure 
D) exchange rate 
E) tariff
F)import quota
G)dumping
H)ISO certification
I)foreign licensing
J)multinational corporation
K)global marketing strategy
L)multidomestic marketing strategy
M)countertrade
N)related party trade
O)exchange control
P)customs union
Q)CAFTA-DR
R)importer
S)embargo
T)franchise

Question 4

The _____ is a trade bloc that establishes a free-trade area and a uniform tariff for trade with nonmember nations.

Accepted Answer

A) common market 
B) common area of administration 
C) customs union 
D) cooperation council 
A) common market 
B) common area of administration 
C) customs union 
D) cooperation council

Question 5

A multinational corporation is a firm with significant operations and marketing activities outside its home country.

Accepted Answer

A) True 
 B)False

Question 6

Establishing a free trade area is the simplest way to achieve multinational economic integration.

Accepted Answer

A) True 
 B)False

Question 7

International direct investment does not provide a competitive advantage because of its high risk potential and high involvement characteristics.

Accepted Answer

A) True 
 B)False

Question 8

The term "exchange rate" refers to the price of one nation's currency in terms of another country's currency.

Accepted Answer

A) True 
 B)False

Question 9

What is a franchise? What advantages does this strategy offer to international marketers?

Accepted Answer

A franchise is a contractual agreement i

Question 10

Match each item with the correct statement below.
-A(n)_____ is a trade restriction that limits the number of goods that can enter a country for resale.

Accepted Answer

A) exporting 
B) WTO 
C) infrastructure 
D) exchange rate 
E) tariff
F)import quota
G)dumping
H)ISO certification
I)foreign licensing
J)multinational corporation
K)global marketing strategy
L)multidomestic marketing strategy
M)countertrade
N)related party trade
O)exchange control
P)customs union
Q)CAFTA-DR
R)importer
S)embargo
T)franchise 
A) exporting 
B) WTO 
C) infrastructure 
D) exchange rate 
E) tariff
F)import quota
G)dumping
H)ISO certification
I)foreign licensing
J)multinational corporation
K)global marketing strategy
L)multidomestic marketing strategy
M)countertrade
N)related party trade
O)exchange control
P)customs union
Q)CAFTA-DR
R)importer
S)embargo
T)franchise

Question 11

An importer is a firm that sells goods manufactured domestically in foreign markets.

Accepted Answer

A) True 
 B)False

Question 12

Governments use import quotas to protect domestic industry and employment and preserve foreign exchange.

Accepted Answer

A) True 
 B)False

Question 13

The NAFTA has succeeded in achieving political integration among its member nations: the United States,Canada,and Mexico.

Accepted Answer

A) True 
 B)False

Question 14

U.S.firms claiming that dumping threatens to hurt their business can file a complaint with the:

Accepted Answer

A) United States Commercial Service. 
B) U.S. International Trade Commission (IT
C) . 
C) Office of the United States Trade Representative. 
D) United States Agency for International Development. 
A) United States Commercial Service. 
B) U.S. International Trade Commission (IT
C) . 
C) Office of the United States Trade Representative. 
D) United States Agency for International Development.

Question 15

Which of the following agreements has created opportunities for U.S.financial,legal,and accounting firms by including services under international trading rules and has phased-out import quotas on textiles and clothing from developing nations?

Accepted Answer

A) The Treaty of Commerce and Navigation 
B) The Central American Free Trade Agreement-DR 
C) The General Agreement on Tariffs and Trade 
D) The North American Free Trade Agreement 
A) The Treaty of Commerce and Navigation 
B) The Central American Free Trade Agreement-DR 
C) The General Agreement on Tariffs and Trade 
D) The North American Free Trade Agreement

Question 16

The three basic strategies for entering foreign markets are import/export,contractual agreements,and international direct investment.

Accepted Answer

A) True 
 B)False

Question 17

The Foreign Corrupt Practices Act makes it illegal to bribe a foreign official in an attempt to solicit new or repeat sales abroad.

Accepted Answer

A) True 
 B)False

Question 18

A successful implementation of a straight extension strategy creates universal recognition of a product for consumers from country to country.

Accepted Answer

A) True 
 B)False

Question 19

Match each item with the correct statement below.
-A firm that brings in goods produced abroad to sell domestically or to be used as components in its products is called a(n)_____.

Accepted Answer

A) exporting 
B) WTO 
C) infrastructure 
D) exchange rate 
E) tariff
F)import quota
G)dumping
H)ISO certification
I)foreign licensing
J)multinational corporation
K)global marketing strategy
L)multidomestic marketing strategy
M)countertrade
N)related party trade
O)exchange control
P)customs union
Q)CAFTA-DR
R)importer
S)embargo
T)franchise 
A) exporting 
B) WTO 
C) infrastructure 
D) exchange rate 
E) tariff
F)import quota
G)dumping
H)ISO certification
I)foreign licensing
J)multinational corporation
K)global marketing strategy
L)multidomestic marketing strategy
M)countertrade
N)related party trade
O)exchange control
P)customs union
Q)CAFTA-DR
R)importer
S)embargo
T)franchise

Question 20

Nations with low per-capita incomes are usually good markets for:

Accepted Answer

A) automobiles and electronics. 
B) expensive industrial machinery. 
C) agricultural hand tools. 
D) luxury goods. 
A) automobiles and electronics. 
B) expensive industrial machinery. 
C) agricultural hand tools. 
D) luxury goods.

Exam 8: Global Marketing

What are FCN treaties?

The North American Free Trade Agreement (NAFTA)is a trade accord that removes trade barriers among:

Match each item with the correct statement below. -A(n)_____ establishes a free-trade area plus a uniform tariff for trade with nonmember nations.

The _____ is a trade bloc that establishes a free-trade area and a uniform tariff for trade with nonmember nations.

A multinational corporation is a firm with significant operations and marketing activities outside its home country.

Establishing a free trade area is the simplest way to achieve multinational economic integration.

International direct investment does not provide a competitive advantage because of its high risk potential and high involvement characteristics.

The term "exchange rate" refers to the price of one nation's currency in terms of another country's currency.

What is a franchise? What advantages does this strategy offer to international marketers?

Match each item with the correct statement below. -A(n)_____ is a trade restriction that limits the number of goods that can enter a country for resale.

An importer is a firm that sells goods manufactured domestically in foreign markets.

Governments use import quotas to protect domestic industry and employment and preserve foreign exchange.

The NAFTA has succeeded in achieving political integration among its member nations: the United States,Canada,and Mexico.

U.S.firms claiming that dumping threatens to hurt their business can file a complaint with the:

Which of the following agreements has created opportunities for U.S.financial,legal,and accounting firms by including services under international trading rules and has phased-out import quotas on textiles and clothing from developing nations?

The three basic strategies for entering foreign markets are import/export,contractual agreements,and international direct investment.

The Foreign Corrupt Practices Act makes it illegal to bribe a foreign official in an attempt to solicit new or repeat sales abroad.

A successful implementation of a straight extension strategy creates universal recognition of a product for consumers from country to country.

Match each item with the correct statement below. -A firm that brings in goods produced abroad to sell domestically or to be used as components in its products is called a(n)_____.

Nations with low per-capita incomes are usually good markets for:

Marketing: the Art and Science of Satisfying Customers

Strategic Planning in Contemporary Marketing

The Marketing Environment, ethics, and Social Responsibility

Social Media: Living in the Connected World

E-Business: Managing the Customer Experience

Consumer Behavior

Business-To-Business B2bmarketing

Market Segmentation, targeting, and Positioning

Marketing Research in the Era of Big Data

Relationship Marketing and Customer Relationship Management Crm

Product and Service Strategies

Developing and Managing Brand and Product Categories

Marketing Channels and Supply Chain Management

Retailers, wholesalers, and Direct Marketers

Integrated Marketing Communications, advertising, and Public Relations

Personal Selling and Sales Promotion

Pricing Concepts

Pricing Strategies

Developing an Effective Marketing Plan

Financial Analysis in Marketing

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