Question 1

Maggie's Drugstores has 46 stores in the United States and wants to expand globally. Maggie's wants to achieve the highest possible returns and is not concerned about pursuing a high-risk strategy as long as it maintains complete control over its stores. The best global entry strategy for Maggie's Drugstores is most likely

Accepted Answer

A) exporting. 
B) a strategic alliance. 
C) a joint venture. 
D) direct investment. 
E) franchising.

Question 2

Firms would prefer to manufacture in a country that has a trade surplus, or a higher level of exports than imports.

Accepted Answer

A) True 
 B)False

Question 3

Global marketers are under constant pressure to simplify distribution channels in order to

Accepted Answer

A) improve promotion efficiency. 
B) reduce trade deficits. 
C) afford tariffs. 
D) meet trade agreement guidelines. 
E) reduce costs.

Question 4

When considering global marketing opportunities in Bangladesh, Mari asked the question, "Can the roads support the semitrucks we use to transport our products?" Mari is concerned about ________ capabilities in Bangladesh.

Accepted Answer

A) production capacity 
B) pricing 
C) advertising 
D) infrastructure 
E) manufacturing

Question 5

Brazil is characterized by strong upper and lower classes, but the middle class has diminished in size in recent years.

Accepted Answer

A) True 
 B)False

Question 6

Russia lags behind most European countries in use of the Internet.

Accepted Answer

A) True 
 B)False

Question 7

GDP is defined as

Accepted Answer

A) the value of a country's exports minus its imports. 
B) the difference between two country's exchange rates. 
C) the market value of goods and services produced in a country in a year. 
D) national income minus national taxes. 
E) the gross purchasing power of domestic goods and services plus international income.

Question 8

Global marketers typically find distribution in developing countries is more complex because

Accepted Answer

A) they must go through many different types of distribution channels. 
B) distribution is more heavily regulated in developing countries. 
C) most consumers in developing countries live in densely populated cities. 
D) the infrastructure is more advanced in most developing countries. 
E) consumers in developing countries have very specific preferences.

Question 9

When the U.S. government determined the prices of solar panels imported from China were artificially low due to illegal subsidies, it imposed a ________ to help domestic firms compete.

Accepted Answer

A) comparative inflation rate 
B) countertrade exchange 
C) quota 
D) tariff 
E) currency exchange rate

Question 10

Allyson is determining what went gone wrong with the campaign she planned in Latin America for her company's product. She narrowed down the issues to sociocultural factors, which would include

Accepted Answer

A) product uses and currency rates. 
B) trade agreements and trading blocs. 
C) potential tariffs and quotas. 
D) visible artifacts and underlying values. 
E) population distribution and logistics.

Question 11

The BRIC countries are Bolivia, Russia, Italy, and China.

Accepted Answer

A) True 
 B)False

Question 12

Increasing liberalization in the Chinese economy has prompted a large improvement in the country's Global Retail Development Index (GRDI).

Accepted Answer

A) True 
 B)False

Question 13

Manufacturers would prefer to produce in a country with a trade ________, because it signals a greater opportunity to export products to more markets.

Accepted Answer

A) surplus 
B) deficit 
C) discrepancy 
D) bonus 
E) balance

Question 14

Assume you are advising the Nepalese government about trade policies and government actions affecting trade. What options does the government have? Which would you recommend the country do to stimulate the domestic economy?

Accepted Answer

The answer of Assume you are advising the Nepalese government...

Question 15

Core Publishing Company learned that when selling overseas, local fulfillment can be more cost-effective, and it also can decrease delivery time and improve customer service. These characteristics relate to a global ________ strategy.

Accepted Answer

A) communication 
B) product 
C) promotion 
D) distribution 
E) pricing

Question 16

Economic measures like GDP and GNI do not fully account for a country's economic health because they measure only

Accepted Answer

A) material output. 
B) international trade. 
C) global expectations. 
D) purchasing power parity. 
E) poverty potential.

Question 17

Exporting refers to when a company maintains ownership of its plants, operational facilities, and offices in a foreign country in which it sells its products.

Accepted Answer

A) True 
 B)False

Question 18

Tariffs, quotas, and currency exchange policies affect global

Accepted Answer

A) offshore product design. 
B) pricing strategies. 
C) advertising. 
D) logistics. 
E) promotion.

Question 19

When would a business use purchasing power parity? How does it affect globalization of a company's products? How does the Big Mac Index relate to purchasing power parity?

Accepted Answer

The answer of When would a business use purchasing power...

Question 20

Companies that engage in global marketing must continually monitor economic and social trends to protect their position within the market and adjust products and marketing strategies to meet the changing needs of global markets.

Accepted Answer

A) True 
 B)False

Exam 8: Global Marketing

Firms would prefer to manufacture in a country that has a trade surplus, or a higher level of exports than imports.

Global marketers are under constant pressure to simplify distribution channels in order to

When considering global marketing opportunities in Bangladesh, Mari asked the question, "Can the roads support the semitrucks we use to transport our products?" Mari is concerned about ________ capabilities in Bangladesh.

Brazil is characterized by strong upper and lower classes, but the middle class has diminished in size in recent years.

Russia lags behind most European countries in use of the Internet.

GDP is defined as

Global marketers typically find distribution in developing countries is more complex because

When the U.S. government determined the prices of solar panels imported from China were artificially low due to illegal subsidies, it imposed a ________ to help domestic firms compete.

Allyson is determining what went gone wrong with the campaign she planned in Latin America for her company's product. She narrowed down the issues to sociocultural factors, which would include

The BRIC countries are Bolivia, Russia, Italy, and China.

Increasing liberalization in the Chinese economy has prompted a large improvement in the country's Global Retail Development Index (GRDI).

Manufacturers would prefer to produce in a country with a trade ________, because it signals a greater opportunity to export products to more markets.

Assume you are advising the Nepalese government about trade policies and government actions affecting trade. What options does the government have? Which would you recommend the country do to stimulate the domestic economy?

Core Publishing Company learned that when selling overseas, local fulfillment can be more cost-effective, and it also can decrease delivery time and improve customer service. These characteristics relate to a global ________ strategy.

Economic measures like GDP and GNI do not fully account for a country's economic health because they measure only

Exporting refers to when a company maintains ownership of its plants, operational facilities, and offices in a foreign country in which it sells its products.

Tariffs, quotas, and currency exchange policies affect global

When would a business use purchasing power parity? How does it affect globalization of a company's products? How does the Big Mac Index relate to purchasing power parity?

Companies that engage in global marketing must continually monitor economic and social trends to protect their position within the market and adjust products and marketing strategies to meet the changing needs of global markets.