14 Aug Question 1(1 point) .gif” alt=”Question 1 unsaved”> Restrictive product standar

Question 1(1 point)
.gif” alt=”Question 1 unsaved”>
Restrictive
product standards is an example of ________.
Question
1 options:

1)

tariffs

2)

excise

3)

quotas

4)

nontariff trade barriers

5)

exchange
controls

Save
Question 2(1 point)
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Product
invention consists of ________.
Question
2 options:

1)

marketing
a product in a foreign market without making any changes to the product

2)

taking
the product as is and finding customers for it

3)

modifying
advertising messages to local markets

4)

creating something new to meet the
needs of consumers in a given country

5)

upgrading
the product to meet local requirements, conditions, or wants

Save
Question 3(1 point)
.gif” alt=”Question 3 unsaved”>
Licensing
is a type of ________.
Question
3 options:

1)

contract manufacturing

2)

Greenfield
investment

3)

direct
investment

4)

management
contracting

5)

joint
venture

Save
Question 4(1 point)
.gif” alt=”Question 4 unsaved”>
Which of
the following is a drawback of contract manufacturing?
Question
4 options:

1)

The
chances of quickly starting the process are very low.

2)

There is decreased control over the
manufacturing process.

3)

The risks
involved are relatively high.

4)

There is
little opportunity of forming a partnership.

5)

The scope
of buying out the local manufacturer is limited.

Save
Question 5(1 point)
.gif” alt=”Question 5 unsaved”>
A
country in South America has large reserves of copper and tin. Mining forms the
pillar of its economy. A major part of its revenue is generated from exporting
these resources. This country is poor in many other ways. It is a good market
for large equipment, tools and supplies, and trucks. Since there are many
foreign residents in this country and a wealthy upper class, it is also a
market for luxury goods. This country has a(n) ________ economy.
Question
5 options:

1)

subsistence

2)

raw material exporting

3)

emerging

4)

industrializing

5)

industrial

Question 6(1 point)
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Which of the following is an
advantage of direct investment?

Question 6 options:

1)

Direct
investment involves lower risk as compared to joint venturing.

2)

Direct
investment involves the least change in the company’s investments and
mission.

3)

The firm keeps full control over
the investment.

4)

Direct
investment involves minimum investment.

5)

There is
no risk of devalued or restricted currency.

Save

Question
7(1 point)
.gif” alt=”Question 7 unsaved”>
Which of the following is true
of geographical organizations?

Question 7 options:

1)

Geographical
organizations are operating units under the export department.

2)

Geographical
organizations are usually formed if the company is simply shipping out its
goods.

3)

Geographical
organizations are managed by multiple country managers, each responsible
for the whole organization’s sales and profits.

4)

Geographical
organizations are inadequate if the firm moves into joint ventures or
direct investments.

5)

Geographical organizations are managed
by country managers responsible for salespeople, distributors, and
licensees in their respective countries.

Save

Question
8(1 point)
.gif” alt=”Question 8 unsaved”>
________ involves the least
change in the company’s product lines, organization, investments, or mission.

Question 8 options:

1)

Joint
ownership

2)

Exporting

3)

Direct
investment

4)

Licensing

5)

Contract
manufacturing

Save

Question
9(1 point)
.gif” alt=”Question 9 unsaved”>
The ________ replaced GATT in
1995 and now oversees the original GATT provisions.

Question 9 options:

1)

International
Labor Organization

2)

World Trade Organization

3)

International
Monetary Fund

4)

World
Bank

5)

European
Union

Save

Question
10(1 point)
.gif” alt=”Question 10 unsaved”>
Japan is a major exporter of
manufactured goods, services, and investment funds. Japan also exports its
goods to other types of economies for raw materials and semifinished goods.
Japan has a(n) ________ economy.

Question 10 options:

1)

industrializing

2)

emerging

3)

industrial

4)

raw
material exporting

5)

subsistence

Question 11(1 point)
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The similarity between an
industrializing economy and an industrial economy is that both ________.

Question 11 options:

1)

offer
few market opportunities

2)

create a
new rich class and a small but growing middle class

3)

have
equal number of low-, middle-, and high-income groups

4)

are rich
markets only for finished goods

5)

are importers of raw materials

Save

Question
12(1 point)
.gif” alt=”Question 12 unsaved”>
Which of the following is true
of communication adaptation for a company entering a foreign market?

Question 12 options:

1)

Language
adjustments are considered unimportant.

2)

Cultural
differences are seen as a negligible necessity in the process.

3)

A
strategy of fully modifying advertising messages to local markets is used.

4)

As media
availability is similar across countries, media need not be adapted
internationally.

5)

A standardized advertising theme
is used as consumer needs around the world are becoming more similar.

Save

Question
13(1 point)
.gif” alt=”Question 13 unsaved”>
Lemon N’ Honey is a juice
manufacturing company in the U.S. It exports its products to Australia,
licenses to China, has a joint ownership venture in France, and owns a
subsidiary in Brazil. It will eventually create a(n) ________ to handle all its
worldwide activities.

Question 13 options:

1)

international division

2)

truly
global organization

3)

value
delivery network

4)

export
department

5)

domestic
division

Save

Question
14(1 point)
.gif” alt=”Question 14 unsaved”>
Which of the following is an
advantage of licensing?

Question 14 options:

1)

Licensing
is the most economical method of going global.

2)

The firm
has equal control over the licensee as it would over its own operations.

3)

The licensee gains a name without
having to start from scratch.

4)

If the
licensee is successful, the firm earns more profits than it would do on
its own.

5)

The firm
does not have the risk of creating a future competitor in the form of the
licensee once the contract ends.

Save

Question
15(1 point)
.gif” alt=”Question 15 unsaved”>
Which of the following is a
disadvantage of straight product extension?

Question 15 options:

1)

Straight
product extension involves additional product development costs.

2)

The
product needs to go through manufacturing changes to meet local
requirements.

3)

Straight
product extension requires planning a new promotional strategy to promote
the product.

4)

Straight product extension can be
costly in the long run if products fail to satisfy consumers.

5)

Straight
product extension has been disastrous in most cases.

Question 1(1 point) .gif” alt=”Question 1 unsaved”>Restrictive
product standards is an example of ________.Question
1 options:1)tariffs2)excise3)quotas4)nontariff trade barriers5)exchange
controlsSaveQuestion 2(1 point) .gif” alt=”Question 2 unsaved”>Product
invention consists of ________.Question
2 options:1)marketing
a product in a foreign market without making any changes to the product2)taking
the product as is and finding customers for it3)modifying
advertising messages to local markets4)creating something new to meet the
needs of consumers in a given country5)upgrading
the product to meet local requirements, conditions, or wantsSaveQuestion 3(1 point) .gif” alt=”Question 3 unsaved”>Licensing
is a type of ________.Question
3 options:1)contract manufacturing2)Greenfield
investment3)direct
investment4)management
contracting5)joint
ventureSaveQuestion 4(1 point) .gif” alt=”Question 4 unsaved”>Which of
the following is a drawback of contract manufacturing?Question
4 options:1)The
chances of quickly starting the process are very low.2)There is decreased control over the
manufacturing process.3)The risks
involved are relatively high.4)There is
little opportunity of forming a partnership.5)The scope
of buying out the local manufacturer is limited.SaveQuestion 5(1 point) .gif” alt=”Question 5 unsaved”>A
country in South America has large reserves of copper and tin. Mining forms the
pillar of its economy. A major part of its revenue is generated from exporting
these resources. This country is poor in many other ways. It is a good market
for large equipment, tools and supplies, and trucks. Since there are many
foreign residents in this country and a wealthy upper class, it is also a
market for luxury goods. This country has a(n) ________ economy.Question
5 options:1)subsistence2)raw material exporting3)emerging4)industrializing5)industrial.gif” alt=”Question 6 unsaved”>Which of the following is an
advantage of direct investment?

1)Direct
investment involves lower risk as compared to joint venturing.

2)Direct
investment involves the least change in the company’s investments and
mission.

3)The firm keeps full control over
the investment.

4)Direct
investment involves minimum investment.

5)There is
no risk of devalued or restricted currency..gif” alt=”Question 7 unsaved”>Which of the following is true
of geographical organizations?

1)Geographical
organizations are operating units under the export department.

2)Geographical
organizations are usually formed if the company is simply shipping out its
goods.

3)Geographical
organizations are managed by multiple country managers, each responsible
for the whole organization’s sales and profits.

4)Geographical
organizations are inadequate if the firm moves into joint ventures or
direct investments.

5)Geographical organizations are managed
by country managers responsible for salespeople, distributors, and
licensees in their respective countries..gif” alt=”Question 8 unsaved”>________ involves the least
change in the company’s product lines, organization, investments, or mission.

1)Joint
ownership

2)Exporting

3)Direct
investment

4)Licensing

5)Contract
manufacturing.gif” alt=”Question 9 unsaved”>The ________ replaced GATT in
1995 and now oversees the original GATT provisions.

1)International
Labor Organization

2)World Trade Organization

3)International
Monetary Fund

4)World
Bank

5)European
Union.gif” alt=”Question 10 unsaved”>Japan is a major exporter of
manufactured goods, services, and investment funds. Japan also exports its
goods to other types of economies for raw materials and semifinished goods.
Japan has a(n) ________ economy.

1)industrializing

2)emerging

3)industrial

4)raw
material exporting

5)subsistence.gif” alt=”Question 11 unsaved”>The similarity between an
industrializing economy and an industrial economy is that both ________.

1)offer
few market opportunities

2)create a
new rich class and a small but growing middle class

3)have
equal number of low-, middle-, and high-income groups

4)are rich
markets only for finished goods

5)are importers of raw materials.gif” alt=”Question 12 unsaved”>Which of the following is true
of communication adaptation for a company entering a foreign market?

1)Language
adjustments are considered unimportant.

2)Cultural
differences are seen as a negligible necessity in the process.

3)A
strategy of fully modifying advertising messages to local markets is used.

4)As media
availability is similar across countries, media need not be adapted
internationally.

5)A standardized advertising theme
is used as consumer needs around the world are becoming more similar..gif” alt=”Question 13 unsaved”>Lemon N’ Honey is a juice
manufacturing company in the U.S. It exports its products to Australia,
licenses to China, has a joint ownership venture in France, and owns a
subsidiary in Brazil. It will eventually create a(n) ________ to handle all its
worldwide activities.

1)international division

2)truly
global organization

3)value
delivery network

4)export
department

5)domestic
division.gif” alt=”Question 14 unsaved”>Which of the following is an
advantage of licensing?

1)Licensing
is the most economical method of going global.

2)The firm
has equal control over the licensee as it would over its own operations.

3)The licensee gains a name without
having to start from scratch.

4)If the
licensee is successful, the firm earns more profits than it would do on
its own.

5)The firm
does not have the risk of creating a future competitor in the form of the
licensee once the contract ends..gif” alt=”Question 15 unsaved”>Which of the following is a
disadvantage of straight product extension?

1)Straight
product extension involves additional product development costs.

2)The
product needs to go through manufacturing changes to meet local
requirements.

3)Straight
product extension requires planning a new promotional strategy to promote
the product.

4)Straight product extension can be
costly in the long run if products fail to satisfy consumers.

5)Straight
product extension has been disastrous in most cases.

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