Question 1

International trade consists of exports only.

Accepted Answer

A) True 
 B)False

Question 2

When a company such as Nike has product designing and development and special material development conducted in the United States and has manufacturing
Operations in labor-abundant countries like China,the company is using
______________________ strategy.

Accepted Answer

A) relative advantage 
B) absolute advantage 
C) production advantage 
D) comparative advantage 
E) geometric advantage 
A) relative advantage 
B) absolute advantage 
C) production advantage 
D) comparative advantage 
E) geometric advantage

Question 3

The Silk Road once helped connect Rome East with the West from:

Accepted Answer

A) Turkey to Rome. 
B) Iran to Rome. 
C) Bombay to Rome. 
D) Beijing to Rome. 
E) Xian to Rome. 
A) Turkey to Rome. 
B) Iran to Rome. 
C) Bombay to Rome. 
D) Beijing to Rome. 
E) Xian to Rome.

Question 4

In general,a labor-abundant country (such as China)tends to specialize in labor- intensive industry and export labor-intensive products,and imports capital-intensive
Products.This statement is an illustration of the ____________________________
Of comparative advantage.

Accepted Answer

A) commodity terms of trade theory 
B) supply and demand theory 
C) factor-sourcing theory 
D) factor endowment theory 
E) relative advantage theory 
A) commodity terms of trade theory 
B) supply and demand theory 
C) factor-sourcing theory 
D) factor endowment theory 
E) relative advantage theory

Question 5

Responding to changes in the market and competitive environments by moving forward in a ______________ manner waits for others to formulate strategies before
Making decisions.

Accepted Answer

A) proactive 
B) deductive 
C) constructive 
D) reactive 
E) participative 
A) proactive 
B) deductive 
C) constructive 
D) reactive 
E) participative

Question 6

Explain the international product cycle theory.Be sure to describe the stages that
a product might pass through.

Accepted Answer

Facts that might be considered in formul

Question 7

Which of the following is a principle of international trade?

Accepted Answer

A) Japanese workers are more productive than any other workers in the world. 
B) Countries benefit from international trade. 
C) Manufacturers must be forced into international trade. 
D) Specialization is bad for international trade. 
E) Exchange rates are determined by the World Bank. 
A) Japanese workers are more productive than any other workers in the world. 
B) Countries benefit from international trade. 
C) Manufacturers must be forced into international trade. 
D) Specialization is bad for international trade. 
E) Exchange rates are determined by the World Bank.

Question 8

Historically,_______________ companies developed and introduced many products that were labor- and time-saving or responded to high-income consumer needs,
Including dishwashers,microwave owens,automatic washers,and dryers,PCs,and so
On:

Accepted Answer

A) Indian 
B) Turkish 
C) Irish 
D) U.S. 
E) Mexican 
A) Indian 
B) Turkish 
C) Irish 
D) U.S. 
E) Mexican

Question 9

The __________________________ addresses the following questions: Why and how does competition tend to evolve over time and across national boundaries in the
Same industry? How does a company develop its marketing strategy in the presence
Of competitors at home and abroad?

Accepted Answer

A) international complexity theory 
B) international technology theory 
C) international chaos theory 
D) international game theory 
E) international product cycle theory 
A) international complexity theory 
B) international technology theory 
C) international chaos theory 
D) international game theory 
E) international product cycle theory

Question 10

Dominant design leads to a "regional design".

Accepted Answer

A) True 
 B)False

Question 11

An example of intra-firm trade would be when Honda's U.S.plant ships parts back to
Japan to be placed in cars which are then sold in Japan and the United States.

Accepted Answer

A) True 
 B)False

Question 12

Countries normally do not benefit from international trade.

Accepted Answer

A) True 
 B)False

Question 13

The Silk Road once connected Shanghai (China)to Istanbul (Turkey)on land.

Accepted Answer

A) True 
 B)False

Question 14

_____________________ consists of exports and imports between a country and the rest of the world and foreign production.

Accepted Answer

A) Regional reach 
B) Competition 
C) International trade 
D) International business 
E) Regional investment 
A) Regional reach 
B) Competition 
C) International trade 
D) International business 
E) Regional investment

Question 15

A large domestic market such as in the United States makes it possible for U.S. companies to enjoy _________________ in mass production and mass marketing,
Enabling them to become lower cost producers than their competition in foreign
Countries.

Accepted Answer

A) monopoly power 
B) preference similarity 
C) economies of scale 
D) competitive advantage 
E) duopoly power 
A) monopoly power 
B) preference similarity 
C) economies of scale 
D) competitive advantage 
E) duopoly power

Question 16

Explain the general and associated concepts of comparative advantage theory.

Accepted Answer

The following facts may be used to const

Question 17

In the ________________ stage of the international product cycle theory,U.S. companies which have carved out market share in Europe and Japan by exporting
Decide to make a direct investment in production in those markets to protect their
Market position there.

Accepted Answer

A) introduction 
B) saturation 
C) growth 
D) decline 
E) maturity 
A) introduction 
B) saturation 
C) growth 
D) decline 
E) maturity

Question 18

International product cycle theory explains that companies do not invest abroad
reactively once their foreign market position are threatened by local competitors.

Accepted Answer

A) True 
 B)False

Question 19

Saturation of domestic markets in the industrialized parts of the world have forced many companies to look for marketing opportunities beyond their _______________.

Accepted Answer

A) local borders. 
B) national borders. 
C) regional borders. 
D) Complex borders. 
E) transnational borders. 
A) local borders. 
B) national borders. 
C) regional borders. 
D) Complex borders. 
E) transnational borders.

Question 20

Triad regions of the world encompass North America,Western Europe and Africa.

Accepted Answer

A) True 
 B)False

International trade consists of exports only.

When a company such as Nike has product designing and development and special material development conducted in the United States and has manufacturing Operations in labor-abundant countries like China,the company is using ______________________ strategy.

The Silk Road once helped connect Rome East with the West from:

In general,a labor-abundant country (such as China)tends to specialize in labor- intensive industry and export labor-intensive products,and imports capital-intensive Products.This statement is an illustration of the ____________________________ Of comparative advantage.

Responding to changes in the market and competitive environments by moving forward in a ______________ manner waits for others to formulate strategies before Making decisions.

Explain the international product cycle theory.Be sure to describe the stages that a product might pass through.

Which of the following is a principle of international trade?

Historically,_______________ companies developed and introduced many products that were labor- and time-saving or responded to high-income consumer needs, Including dishwashers,microwave owens,automatic washers,and dryers,PCs,and so On:

The __________________________ addresses the following questions: Why and how does competition tend to evolve over time and across national boundaries in the Same industry? How does a company develop its marketing strategy in the presence Of competitors at home and abroad?

Dominant design leads to a "regional design".

An example of intra-firm trade would be when Honda's U.S.plant ships parts back to Japan to be placed in cars which are then sold in Japan and the United States.

Countries normally do not benefit from international trade.

The Silk Road once connected Shanghai (China)to Istanbul (Turkey)on land.

_____________________ consists of exports and imports between a country and the rest of the world and foreign production.

A large domestic market such as in the United States makes it possible for U.S. companies to enjoy _________________ in mass production and mass marketing, Enabling them to become lower cost producers than their competition in foreign Countries.

Explain the general and associated concepts of comparative advantage theory.

In the ________________ stage of the international product cycle theory,U.S. companies which have carved out market share in Europe and Japan by exporting Decide to make a direct investment in production in those markets to protect their Market position there.

International product cycle theory explains that companies do not invest abroad reactively once their foreign market position are threatened by local competitors.

Saturation of domestic markets in the industrialized parts of the world have forced many companies to look for marketing opportunities beyond their _______________.

Triad regions of the world encompass North America,Western Europe and Africa.

Economic Environment

Financial Environment

Global Cultural Environment and Buying Behavior

Political and Legal Environment

Global Marketing Research

Global Segmentation and Positioning

Global Marketing Strategies

Global Market Entry Strategies

Global Product Policy Decisions I: Developing New Products for Global Markets

Global Product Policy Decisions Ii: Marketing Products and Services

Global Pricing

Communicating With the World Consumer

Sales and Cross-Cultural Management

Global Logistics and Distribution

Export and Import Management

Planning, Organization, and Control of Global Marketing Operations

Marketing Strategies for Emerging Markets

Global Marketing and the Internet

Filters

Exam 1: Globalization Imperative

International trade consists of exports only.

When a company such as Nike has product designing and development and special material development conducted in the United States and has manufacturing Operations in labor-abundant countries like China,the company is using ______________________ strategy.

The Silk Road once helped connect Rome East with the West from:

In general,a labor-abundant country (such as China)tends to specialize in labor- intensive industry and export labor-intensive products,and imports capital-intensive Products.This statement is an illustration of the ____________________________ Of comparative advantage.

Responding to changes in the market and competitive environments by moving forward in a ______________ manner waits for others to formulate strategies before Making decisions.

Explain the international product cycle theory.Be sure to describe the stages that a product might pass through.

Which of the following is a principle of international trade?

Historically,_______________ companies developed and introduced many products that were labor- and time-saving or responded to high-income consumer needs, Including dishwashers,microwave owens,automatic washers,and dryers,PCs,and so On:

The __________________________ addresses the following questions: Why and how does competition tend to evolve over time and across national boundaries in the Same industry? How does a company develop its marketing strategy in the presence Of competitors at home and abroad?

Dominant design leads to a "regional design".

An example of intra-firm trade would be when Honda's U.S.plant ships parts back to Japan to be placed in cars which are then sold in Japan and the United States.

Countries normally do not benefit from international trade.

The Silk Road once connected Shanghai (China)to Istanbul (Turkey)on land.

_____________________ consists of exports and imports between a country and the rest of the world and foreign production.

A large domestic market such as in the United States makes it possible for U.S. companies to enjoy _________________ in mass production and mass marketing, Enabling them to become lower cost producers than their competition in foreign Countries.

Explain the general and associated concepts of comparative advantage theory.

In the ________________ stage of the international product cycle theory,U.S. companies which have carved out market share in Europe and Japan by exporting Decide to make a direct investment in production in those markets to protect their Market position there.

International product cycle theory explains that companies do not invest abroad reactively once their foreign market position are threatened by local competitors.

Saturation of domestic markets in the industrialized parts of the world have forced many companies to look for marketing opportunities beyond their _______________.

Triad regions of the world encompass North America,Western Europe and Africa.

Economic Environment

Financial Environment

Global Cultural Environment and Buying Behavior

Political and Legal Environment

Global Marketing Research

Global Segmentation and Positioning

Global Marketing Strategies

Global Market Entry Strategies

Global Product Policy Decisions I: Developing New Products for Global Markets

Global Product Policy Decisions Ii: Marketing Products and Services

Global Pricing

Communicating With the World Consumer

Sales and Cross-Cultural Management

Global Logistics and Distribution

Export and Import Management

Planning, Organization, and Control of Global Marketing Operations

Marketing Strategies for Emerging Markets

Global Marketing and the Internet

Filters