Question 1

The only two countries where Coca-Cola is not available through authorized channels are:

Accepted Answer

A) India and China. 
B) North Korea and South Korea. 
C) Cuba and North Korea. 
D) Cuba and Venezuela. 
E) Singapore and Indonesia.

Question 2

The "balance of payments" is a record of all economic transactions between the residents of a country and the developed countries of the world.

Accepted Answer

A) True 
 B)False

Question 3

What are some of the challenges faced by marketers in relation to the newly formed smaller countries? Explain giving examples.

Accepted Answer

The answer of What are some of the challenges faced...

Question 4

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 these disruptions problem cases,or are they attractive opportunities with good potential for moving out of the low-income category?

Accepted Answer

The answer of The newly independent countries of the former...

Question 5

Grocery distribution companies in Brazil use logistics software to route their trucks;meanwhile,horse-drawn carts are still a common sight on many roads.

Accepted Answer

A) True 
 B)False

Question 6

The World Bank has developed a four-category classification system for stages of marketing development,which uses a country's population as a base.

Accepted Answer

A) True 
 B)False

Question 7

Most of the world's income is located in all of the following countries except:

Accepted Answer

A) Japan. 
B) United States. 
C) Canada. 
D) Greater China. 
E) Western Europe.

Question 8

Key characteristics of the Anglo-Saxon model market system consists of private ownership and:

Accepted Answer

A) "social partners" orientation. 
B) inflexible employment policies. 
C) a free enterprise economy. 
D) a mix of state ownership. 
E) a generous social safety net.

Question 9

The Organization for Economic Cooperation and Development (OECD)has become more focused on global issues,social policy,and labor market regulations as seen by:

Accepted Answer

A) addressing the vexing problem of bribery. 
B) requiring members to cooperate when pursuing bribery allegations. 
C) helping members candidly assess their own economic policies. 
D) member nations working together in committees to review social policies. 
E) all of the above

Question 10

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) deprives the nation's citizens of free speech. 
C) deprives a free press and free assembly. 
D) requires consumers to register their addresses before buying gum. 
E) all of the above

Question 11

The Organization for Economic Cooperation and Development (OECD)is described as the:

Accepted Answer

A) organization of 35 nations. 
B) rich-man's club. 
C) pluralistic democracies. 
D) economic think tank. 
E) All of the above statements are applicable.

Question 12

Today,market capitalism is widely practiced around the world,most notably in North America and the European Union.

Accepted Answer

A) True 
 B)False

Question 13

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.

Question 14

According to the 2017 Index of Economic Freedom compiled by the Heritage Foundation,Singapore is ranked as having the highest degree of economic freedom.

Accepted Answer

A) True 
 B)False

Question 15

To the extent that a country sells more goods and services abroad than it buys,there will be:

Accepted Answer

A) a greater demand for its currency. 
B) a surplus production of goods and services. 
C) a scarcity of goods and services within the country. 
D) a need for revaluation of its currency. 
E) time for fluctuating its currency.

Question 16

Authors Prahalad and Hammond have identified several assumptions and misconceptions about the "bottom of the pyramid" (BOP).Explain these assumptions,giving examples.

Accepted Answer

The answer of Authors Prahalad and Hammond have identified several...

Question 17

The Gross Domestic Product (GDP),a measure of a nation's economic activity,is calculated by all of the following factors except:

Accepted Answer

A) consumer spending. 
B) investment spending. 
C) government purchases. 
D) industry purchases. 
E) net exports.

Question 18

In reality,market capitalism and centrally planned socialism do not exist in "pure" form.

Accepted Answer

A) True 
 B)False

Question 19

Brazil,China,and India are classified as upper-middle income countries,also known as industrialized or developing countries.

Accepted Answer

A) True 
 B)False

Question 20

Some people believe that marketing is relevant only in affluent,industrialized countries,whereas others believe that the role of marketing is to identify people's needs and wants worldwide,irrespective of the economy.Giving examples of companies involved in energy conservation and technology,support the latter argument.

Accepted Answer

The answer of Some people believe that marketing is relevant...

Exam 2: The Global Economic Environment

The only two countries where Coca-Cola is not available through authorized channels are:

The "balance of payments" is a record of all economic transactions between the residents of a country and the developed countries of the world.

What are some of the challenges faced by marketers in relation to the newly formed smaller countries? Explain giving examples.

Grocery distribution companies in Brazil use logistics software to route their trucks;meanwhile,horse-drawn carts are still a common sight on many roads.

The World Bank has developed a four-category classification system for stages of marketing development,which uses a country's population as a base.

Most of the world's income is located in all of the following countries except:

Key characteristics of the Anglo-Saxon model market system consists of private ownership and:

The Organization for Economic Cooperation and Development (OECD) has become more focused on global issues,social policy,and labor market regulations as seen by:

The Organization for Economic Cooperation and Development (OECD) is described as the:

Today,market capitalism is widely practiced around the world,most notably in North America and the European Union.

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:

According to the 2017 Index of Economic Freedom compiled by the Heritage Foundation,Singapore is ranked as having the highest degree of economic freedom.

To the extent that a country sells more goods and services abroad than it buys,there will be:

Authors Prahalad and Hammond have identified several assumptions and misconceptions about the "bottom of the pyramid" (BOP).Explain these assumptions,giving examples.

The Gross Domestic Product (GDP) ,a measure of a nation's economic activity,is calculated by all of the following factors except:

In reality,market capitalism and centrally planned socialism do not exist in "pure" form.

Brazil,China,and India are classified as upper-middle income countries,also known as industrialized or developing countries.