Question 1

When countries or regions experience currency and / or economic stress,all of the following events can take place except:

Accepted Answer

A) increased exposure to certain risks. 
B) new profit opportunities. 
C) lower local currency financing costs. 
D) bad debts occur. 
E) cancellation of aircraft equipment sales. 
A) increased exposure to certain risks. 
B) new profit opportunities. 
C) lower local currency financing costs. 
D) bad debts occur. 
E) cancellation of aircraft equipment sales.

Question 2

The majority of the world's population is included in the following economic category:

Accepted Answer

A) high-income countries. 
B) upper-middle-income countries. 
C) lower-middle-income countries. 
D) low-income countries. 
E) lower-upper-income countries. 
A) high-income countries. 
B) upper-middle-income countries. 
C) lower-middle-income countries. 
D) low-income countries. 
E) lower-upper-income countries.

Question 3

According to the Asian Development Bank,only about one-quarter of Myanmar's population has access to reliable electricity,and power shortages and outages are not unusual.

Accepted Answer

A) True 
 B)False

Question 4

During the past two decades,the world economic environment has become increasingly dynamic.To achieve success,executives and marketers must take into account all of the following realities except:

Accepted Answer

A) capital movements have replaced trade as the driving force of the world economy. 
B) production has become "uncoupled" from employment. 
C) the world economy dominates the scene. 
D) the struggle between capitalism and socialism continues. 
E) the growth of e-commerce diminishes the importance of national barriers. 
A) capital movements have replaced trade as the driving force of the world economy. 
B) production has become "uncoupled" from employment. 
C) the world economy dominates the scene. 
D) the struggle between capitalism and socialism continues. 
E) the growth of e-commerce diminishes the importance of national barriers.

Question 5

The BRICS nations and other emerging markets are also home to companies that are challenging established global giants at home and abroad.

Accepted Answer

A) True 
 B)False

Question 6

The CEO of Otis Elevators says they measure elevator populations in countries as units installed per thousand people.According to this,China is about half an elevator per thousand people.

Accepted Answer

A) True 
 B)False

Question 7

The world economic environment is changing very rapidly and has become increasingly competitive.In order to achieve success,based on author William Greider's analysis,what are the realities that executives and marketers should take into account in such a dynamic environment?

Accepted Answer

(a)Capital movements have replaced trade

Question 8

Measuring elevator populations in countries measured as units installed per thousand people gives an estimate of the market for elevators.That China has about one half an elevator per thousand people is indicative of:

Accepted Answer

A) low product saturation level. 
B) high product saturation level. 
C) high population level. 
D) high technological level. 
E) low technological level. 
A) low product saturation level. 
B) high product saturation level. 
C) high population level. 
D) high technological level. 
E) low technological level.

Question 9

Low-income countries have a GNI per capita of $1,025 or less.The general characteristics shared by countries at this income level include all of the following except:

Accepted Answer

A) high literacy rates. 
B) high birth rates. 
C) heavy reliance on foreign aid. 
D) political unrest. 
E) high agricultural population. 
A) high literacy rates. 
B) high birth rates. 
C) heavy reliance on foreign aid. 
D) political unrest. 
E) high agricultural population.

Question 10

Hedging exchange rate exposure involves establishing an offsetting currency position such that the loss or gain of one currency position is offset by a corresponding gain or loss in some other currency.

Accepted Answer

A) True 
 B)False

Question 11

The important fact to recognize about the overall balance of payments is that it is always in balance,although imbalances do occur in subsets of the overall balance.

Accepted Answer

A) True 
 B)False

Question 12

Although Bangladesh is categorized in the low-income countries,they have genuine market opportunities,particularly in the garment industry.

Accepted Answer

A) True 
 B)False

Question 13

The Big Mac Index shows that the price of the Big Mac in China converted from the local currency,yuan,to be $2.18,whereas its price in the United States is $3.73.This shows that:

Accepted Answer

A) the Big Mac is more popular in China than in the United States. 
B) the Big Mac is less expensive in the United States than in China. 
C) the Chinese yuan is overvalued when compared to US $. 
D) the Chinese yuan is undervalued against the US $. 
E) beef is less expensive in China than in the United States. 
A) the Big Mac is more popular in China than in the United States. 
B) the Big Mac is less expensive in the United States than in China. 
C) the Chinese yuan is overvalued when compared to US $. 
D) the Chinese yuan is undervalued against the US $. 
E) beef is less expensive in China than in the United States.

Question 14

A decade ago,a number of countries in Central Europe,Latin America,and Asia were expected to experience rapid economic growth.Today much attention is focused on opportunities in Brazil,Russia,India,and China.Give reasons for this shift using an example of a manufacturer.

Accepted Answer

These four countries are collectively kn

Question 15

Product and market opportunities in a postindustrial society are more heavily dependent upon new products and innovations than in industrial societies.An example of this would be:

Accepted Answer

A) Nestlé marketing Bono brand cookies in Brazil. 
B) Coca-Cola Company developing a beverage Vintago in low-income countries. 
C) New e-commerce markets for interactive forms of electronic communication. 
D) Hermes creating handbags called Amazonia. 
E) India's Suzlon Energy using wind-driven turbines. 
A) Nestlé marketing Bono brand cookies in Brazil. 
B) Coca-Cola Company developing a beverage Vintago in low-income countries. 
C) New e-commerce markets for interactive forms of electronic communication. 
D) Hermes creating handbags called Amazonia. 
E) India's Suzlon Energy using wind-driven turbines.

Question 16

The United States' growing trade deficit reflects a number of factors which exclude:

Accepted Answer

A) increased imports from China. 
B) a seemingly insatiable consumer demand for imported goods. 
C) the enormous cost of military operations in the Middle East. 
D) the services trade surplus. 
E) record goods sales to developing countries. 
A) increased imports from China. 
B) a seemingly insatiable consumer demand for imported goods. 
C) the enormous cost of military operations in the Middle East. 
D) the services trade surplus. 
E) record goods sales to developing countries.

Question 17

The United Nations designates 50 countries in the bottom ranks of the low-income category named as:

Accepted Answer

A) Low-income countries. 
B) Lower-middle-income countries. 
C) BRIC countries. 
D) Developing countries. 
E) LDCs (least-developed countries). 
A) Low-income countries. 
B) Lower-middle-income countries. 
C) BRIC countries. 
D) Developing countries. 
E) LDCs (least-developed countries).

Question 18

The newly independent countries of the former Soviet Union present an interesting situation: income is declining,and there is considerable economic hardship.The potential for disruption is certainly high.Are they problem cases,or are they attractive opportunities with good potential for moving out of the low-income category?

Accepted Answer

These countries are good example of risk

Question 19

The demise of communism as an economic and political system can be explained by all of the following facts except:

Accepted Answer

A) communism is not an effective economic system. 
B) relatively superior performance of the world's market economies. 
C) communism works when the currency exchange rate is weak. 
D) difficult to manage national economies with a single central plan. 
E) increased public participation in matters of state. 
A) communism is not an effective economic system. 
B) relatively superior performance of the world's market economies. 
C) communism works when the currency exchange rate is weak. 
D) difficult to manage national economies with a single central plan. 
E) increased public participation in matters of state.

Question 20

Singapore banned the import,manufacture,and sales of chewing gum in the country since wads of gum were making a mess on sidewalks,buses,and subway trains.Violators are subject to severe penalties,and before buying a pack consumers must register their names and addresses.This,according to author William Greider,demonstrates that Singapore's government:

Accepted Answer

A) is harshly autocratic. 
B) administers a paranoid control over Singaporeans. 
C) administers a paranoid control over press and politics. 
D) runs an effective welfare state. 
E) all of the above 
A) is harshly autocratic. 
B) administers a paranoid control over Singaporeans. 
C) administers a paranoid control over press and politics. 
D) runs an effective welfare state. 
E) all of the above

When countries or regions experience currency and / or economic stress,all of the following events can take place except:

The majority of the world's population is included in the following economic category:

According to the Asian Development Bank,only about one-quarter of Myanmar's population has access to reliable electricity,and power shortages and outages are not unusual.

During the past two decades,the world economic environment has become increasingly dynamic.To achieve success,executives and marketers must take into account all of the following realities except:

The BRICS nations and other emerging markets are also home to companies that are challenging established global giants at home and abroad.

The CEO of Otis Elevators says they measure elevator populations in countries as units installed per thousand people.According to this,China is about half an elevator per thousand people.

The world economic environment is changing very rapidly and has become increasingly competitive.In order to achieve success,based on author William Greider's analysis,what are the realities that executives and marketers should take into account in such a dynamic environment?

Measuring elevator populations in countries measured as units installed per thousand people gives an estimate of the market for elevators.That China has about one half an elevator per thousand people is indicative of:

Low-income countries have a GNI per capita of $1,025 or less.The general characteristics shared by countries at this income level include all of the following except:

Hedging exchange rate exposure involves establishing an offsetting currency position such that the loss or gain of one currency position is offset by a corresponding gain or loss in some other currency.

The important fact to recognize about the overall balance of payments is that it is always in balance,although imbalances do occur in subsets of the overall balance.

Although Bangladesh is categorized in the low-income countries,they have genuine market opportunities,particularly in the garment industry.

The Big Mac Index shows that the price of the Big Mac in China converted from the local currency,yuan,to be $2.18,whereas its price in the United States is $3.73.This shows that:

A decade ago,a number of countries in Central Europe,Latin America,and Asia were expected to experience rapid economic growth.Today much attention is focused on opportunities in Brazil,Russia,India,and China.Give reasons for this shift using an example of a manufacturer.

Product and market opportunities in a postindustrial society are more heavily dependent upon new products and innovations than in industrial societies.An example of this would be:

The United States' growing trade deficit reflects a number of factors which exclude:

The United Nations designates 50 countries in the bottom ranks of the low-income category named as:

The demise of communism as an economic and political system can be explained by all of the following facts except:

Introduction to Global Marketing

The Global Trade 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

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Exam 2: The Global Economic Environment

When countries or regions experience currency and / or economic stress,all of the following events can take place except:

The majority of the world's population is included in the following economic category:

According to the Asian Development Bank,only about one-quarter of Myanmar's population has access to reliable electricity,and power shortages and outages are not unusual.

During the past two decades,the world economic environment has become increasingly dynamic.To achieve success,executives and marketers must take into account all of the following realities except:

The BRICS nations and other emerging markets are also home to companies that are challenging established global giants at home and abroad.

The CEO of Otis Elevators says they measure elevator populations in countries as units installed per thousand people.According to this,China is about half an elevator per thousand people.

The world economic environment is changing very rapidly and has become increasingly competitive.In order to achieve success,based on author William Greider's analysis,what are the realities that executives and marketers should take into account in such a dynamic environment?

Measuring elevator populations in countries measured as units installed per thousand people gives an estimate of the market for elevators.That China has about one half an elevator per thousand people is indicative of:

Low-income countries have a GNI per capita of $1,025 or less.The general characteristics shared by countries at this income level include all of the following except:

Hedging exchange rate exposure involves establishing an offsetting currency position such that the loss or gain of one currency position is offset by a corresponding gain or loss in some other currency.

The important fact to recognize about the overall balance of payments is that it is always in balance,although imbalances do occur in subsets of the overall balance.

Although Bangladesh is categorized in the low-income countries,they have genuine market opportunities,particularly in the garment industry.

The Big Mac Index shows that the price of the Big Mac in China converted from the local currency,yuan,to be $2.18,whereas its price in the United States is $3.73.This shows that:

A decade ago,a number of countries in Central Europe,Latin America,and Asia were expected to experience rapid economic growth.Today much attention is focused on opportunities in Brazil,Russia,India,and China.Give reasons for this shift using an example of a manufacturer.

Product and market opportunities in a postindustrial society are more heavily dependent upon new products and innovations than in industrial societies.An example of this would be:

The United States' growing trade deficit reflects a number of factors which exclude:

The United Nations designates 50 countries in the bottom ranks of the low-income category named as:

The demise of communism as an economic and political system can be explained by all of the following facts except:

Introduction to Global Marketing

The Global Trade 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