Question 1

There are barriers in Japan for global marketers in terms of attitudes as well as laws.Barriers include all of the following except:

Accepted Answer

A) any organization wishing to compete in Japan must be committed to providing top-quality products and services. 
B) repeat visits and extended socialization with distributors. 
C) goods marketed should have a semblance of western products and services. 
D) marketers must master the keiretsu system of tightly knit corporate alliances. 
E) trust has to be built before conducting successful business. 
A) any organization wishing to compete in Japan must be committed to providing top-quality products and services. 
B) repeat visits and extended socialization with distributors. 
C) goods marketed should have a semblance of western products and services. 
D) marketers must master the keiretsu system of tightly knit corporate alliances. 
E) trust has to be built before conducting successful business.

Question 2

The introduction of the euro by EU resulted in multifaceted advantages which include:

Accepted Answer

A) elimination of costs associated with currency conversion. 
B) fixed exchange rate worldwide. 
C) elimination of paper currency and coins. 
D) withdrawal of French Francs from circulation. 
E) a choice for using local or European currency. 
A) elimination of costs associated with currency conversion. 
B) fixed exchange rate worldwide. 
C) elimination of paper currency and coins. 
D) withdrawal of French Francs from circulation. 
E) a choice for using local or European currency.

Question 3

The non-EU member which uses the euro as its currency is:

Accepted Answer

A) Estonia. 
B) Kosovo. 
C) Montenegro. 
D) Vatican City. 
E) San Marino. 
A) Estonia. 
B) Kosovo. 
C) Montenegro. 
D) Vatican City. 
E) San Marino.

Question 4

Markets of Central and Eastern Europe present interesting opportunities and challenges.Companies such as 3M International,McDonald's,Philips Electronics,and Henkel are moving into the region for all of the following reasons except:

Accepted Answer

A) the region is an important new source of growth. 
B) that the first company to penetrate a country market often emerges as leader. 
C) wage rates are much lower than those in Spain,Portugal,and Greece. 
D) the region offers attractive locations for low-cost manufacturing. 
E) core products and Western brand names need changes to meet consumer demands. 
A) the region is an important new source of growth. 
B) that the first company to penetrate a country market often emerges as leader. 
C) wage rates are much lower than those in Spain,Portugal,and Greece. 
D) the region offers attractive locations for low-cost manufacturing. 
E) core products and Western brand names need changes to meet consumer demands.

Question 5

Under Economic Union,a doctor or lawyer qualified in one country can practice in another member country.

Accepted Answer

A) True 
 B)False

Question 6

Individually and collectively,Association of Southeast Asian Nations (ASEAN)countries are active in regional and global trade.

Accepted Answer

A) True 
 B)False

Question 7

In spite of NAFTA creating a free trade area,Mexican avocado growers can ship their fruit to the United States only during the winter months,and only to states in the northeast subject to a quota of $30 million worth of avocados per year.

Accepted Answer

A) True 
 B)False

Question 8

In recent years,the economy of selected countries in ECOWAS has improved except in:

Accepted Answer

A) Ivory Coast. 
B) Ghana. 
C) Benin. 
D) Sierra Leone. 
E) Nigeria. 
A) Ivory Coast. 
B) Ghana. 
C) Benin. 
D) Sierra Leone. 
E) Nigeria.

Question 9

Management strategic options pertaining to products that are facilitated by a single European market include:

Accepted Answer

A) standardized packaging and labeling. 
B) consolidated production. 
C) shift from brand to benefit segmentation. 
D) seeking marketing economies. 
E) all of the above 
A) standardized packaging and labeling. 
B) consolidated production. 
C) shift from brand to benefit segmentation. 
D) seeking marketing economies. 
E) all of the above

Question 10

Movements such as "the Arab Spring" have forced some of the regional leaders to make economic and political concessions.

Accepted Answer

A) True 
 B)False

Question 11

A true economic union requires:

Accepted Answer

A) political unity. 
B) social services. 
C) welfare. 
D) regional development. 
E) taxation. 
A) political unity. 
B) social services. 
C) welfare. 
D) regional development. 
E) taxation.

Question 12

CARICOM's main objective has been to achieve a deepening of economic integration by means of a Caribbean common market.

Accepted Answer

A) True 
 B)False

Question 13

In a Common Market there are no internal barriers to trade,and it allows for free movement of factors of production such as labor and capital.

Accepted Answer

A) True 
 B)False

Question 14

The enlargement of the EU has impacted marketing strategies in the Eurozone countries by:

Accepted Answer

A) making it difficult to export food products from one country to another. 
B) increasing the cost of production since the euro replaced local currency. 
C) shifting products from one market to another in the event of shortages. 
D) reduced tariffs and quotas for products imported from non-EU members. 
E) having less flexibility in the placement of factories. 
A) making it difficult to export food products from one country to another. 
B) increasing the cost of production since the euro replaced local currency. 
C) shifting products from one market to another in the event of shortages. 
D) reduced tariffs and quotas for products imported from non-EU members. 
E) having less flexibility in the placement of factories.

Question 15

The new country joining the EU at the beginning of 2014 is:

Accepted Answer

A) Slovakia. 
B) Estonia. 
C) Latvia. 
D) Slovenia. 
E) Cyprus. 
A) Slovakia. 
B) Estonia. 
C) Latvia. 
D) Slovenia. 
E) Cyprus.

Question 16

The Gulf Cooperation Council (GCC)includes all of the following countries except:

Accepted Answer

A) Kuwait. 
B) Saudi Arabia. 
C) Iraq. 
D) Bahrain. 
E) Oman. 
A) Kuwait. 
B) Saudi Arabia. 
C) Iraq. 
D) Bahrain. 
E) Oman.

Question 17

The country that withdrew from the original members of the Andean Community is:

Accepted Answer

A) Bolivia. 
B) Chile. 
C) Ecuador. 
D) Peru. 
E) Venezuela. 
A) Bolivia. 
B) Chile. 
C) Ecuador. 
D) Peru. 
E) Venezuela.

Question 18

As a result of CFTA,the U.S.automakers participate in the Canadian auto market,thereby benefiting due to:

Accepted Answer

A) greater economies of scale. 
B) decreased production costs. 
C) reduced competition. 
D) ease of exporting automobiles. 
E) creating a continental demand. 
A) greater economies of scale. 
B) decreased production costs. 
C) reduced competition. 
D) ease of exporting automobiles. 
E) creating a continental demand.

Question 19

The form of economic cooperation that calls for countries to eliminate all internal barriers to trade among themselves even while maintaining independent trade policies vis-à-vis third countries is known as a(n):

Accepted Answer

A) Economic union. 
B) Customs union. 
C) Free trade area. 
D) Common market. 
E) None of the above 
A) Economic union. 
B) Customs union. 
C) Free trade area. 
D) Common market. 
E) None of the above

Question 20

In order to form a free trade area,South Africa has signed a Trade,Development,and Cooperation Agreement (TDCA)with:

Accepted Answer

A) Swaziland. 
B) EU. 
C) Namibia. 
D) Angola. 
E) Japan. 
A) Swaziland. 
B) EU. 
C) Namibia. 
D) Angola. 
E) Japan.

There are barriers in Japan for global marketers in terms of attitudes as well as laws.Barriers include all of the following except:

The introduction of the euro by EU resulted in multifaceted advantages which include:

The non-EU member which uses the euro as its currency is:

Markets of Central and Eastern Europe present interesting opportunities and challenges.Companies such as 3M International,McDonald's,Philips Electronics,and Henkel are moving into the region for all of the following reasons except:

Under Economic Union,a doctor or lawyer qualified in one country can practice in another member country.

Individually and collectively,Association of Southeast Asian Nations (ASEAN)countries are active in regional and global trade.

In spite of NAFTA creating a free trade area,Mexican avocado growers can ship their fruit to the United States only during the winter months,and only to states in the northeast subject to a quota of $30 million worth of avocados per year.

In recent years,the economy of selected countries in ECOWAS has improved except in:

Management strategic options pertaining to products that are facilitated by a single European market include:

Movements such as "the Arab Spring" have forced some of the regional leaders to make economic and political concessions.

A true economic union requires:

CARICOM's main objective has been to achieve a deepening of economic integration by means of a Caribbean common market.

In a Common Market there are no internal barriers to trade,and it allows for free movement of factors of production such as labor and capital.

The enlargement of the EU has impacted marketing strategies in the Eurozone countries by:

The new country joining the EU at the beginning of 2014 is:

The Gulf Cooperation Council (GCC)includes all of the following countries except:

The country that withdrew from the original members of the Andean Community is:

As a result of CFTA,the U.S.automakers participate in the Canadian auto market,thereby benefiting due to:

The form of economic cooperation that calls for countries to eliminate all internal barriers to trade among themselves even while maintaining independent trade policies vis-à-vis third countries is known as a(n):

In order to form a free trade area,South Africa has signed a Trade,Development,and Cooperation Agreement (TDCA)with:

Introduction to Global Marketing

The Global Economic Environment

Social and Cultural Environments

The Political,legal,and Regulatory Environments

Global Information Systems and Market Research

Segmentation,targeting,and Positioning

Importing,exporting,and Sourcing

Global Market Entry Strategies: Licensing,investment,and Strategic Alliances

Brand and Product Decisions in Global Marketing

Pricing Decisions

Global Marketing Channels and Physical Distribution

Global Marketing Communications Decisions I: Advertising and Public Relations

Global Marketing Communications Decisions Ii: Sales Promotion, personal Selling, and Special Forms of Marketing Communication

Global Marketing and the Digital Revolution

Strategic Elements of Competitive Advantage

Leadership, organization, and Corporate Social Responsibility

Filters

Exam 3: The Global Trade Environment

There are barriers in Japan for global marketers in terms of attitudes as well as laws.Barriers include all of the following except:

The introduction of the euro by EU resulted in multifaceted advantages which include:

The non-EU member which uses the euro as its currency is:

Markets of Central and Eastern Europe present interesting opportunities and challenges.Companies such as 3M International,McDonald's,Philips Electronics,and Henkel are moving into the region for all of the following reasons except:

Under Economic Union,a doctor or lawyer qualified in one country can practice in another member country.

Individually and collectively,Association of Southeast Asian Nations (ASEAN)countries are active in regional and global trade.

In spite of NAFTA creating a free trade area,Mexican avocado growers can ship their fruit to the United States only during the winter months,and only to states in the northeast subject to a quota of $30 million worth of avocados per year.

In recent years,the economy of selected countries in ECOWAS has improved except in:

Management strategic options pertaining to products that are facilitated by a single European market include:

Movements such as "the Arab Spring" have forced some of the regional leaders to make economic and political concessions.

A true economic union requires:

CARICOM's main objective has been to achieve a deepening of economic integration by means of a Caribbean common market.

In a Common Market there are no internal barriers to trade,and it allows for free movement of factors of production such as labor and capital.

The enlargement of the EU has impacted marketing strategies in the Eurozone countries by:

The new country joining the EU at the beginning of 2014 is:

The Gulf Cooperation Council (GCC)includes all of the following countries except:

The country that withdrew from the original members of the Andean Community is:

As a result of CFTA,the U.S.automakers participate in the Canadian auto market,thereby benefiting due to:

The form of economic cooperation that calls for countries to eliminate all internal barriers to trade among themselves even while maintaining independent trade policies vis-à-vis third countries is known as a(n):

In order to form a free trade area,South Africa has signed a Trade,Development,and Cooperation Agreement (TDCA)with:

Introduction to Global Marketing

The Global Economic Environment

Social and Cultural Environments

The Political,legal,and Regulatory Environments

Global Information Systems and Market Research

Segmentation,targeting,and Positioning

Importing,exporting,and Sourcing

Global Market Entry Strategies: Licensing,investment,and Strategic Alliances

Brand and Product Decisions in Global Marketing

Pricing Decisions

Global Marketing Channels and Physical Distribution

Global Marketing Communications Decisions I: Advertising and Public Relations

Global Marketing Communications Decisions Ii: Sales Promotion, personal Selling, and Special Forms of Marketing Communication

Global Marketing and the Digital Revolution

Strategic Elements of Competitive Advantage

Leadership, organization, and Corporate Social Responsibility

Filters