Quiz_ Chapter 14 quiz

Quiz_ Chapter 14 quiz - Quiz: Chapter 14 quiz

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Chapter 14 quiz Submitted by cmd5150 on 3/26/2010 6:32:07 PM Points Awarded 11 Points Missed 3 Percentage 79% 1. When sourcing internationally: A. the buyer should immediately establish an informal first-name basis with the supplier’s representatives. B. the buyer should learn about the culture, customs, norms, taboos, and history of the supplier’s country. C. the global availability and use of email, fax, and phone has largely eliminated communication barriers. D. the need for personal space is much different in different regions of the world. E. differing cultural and social norms will have little impact since most businesspeople are accustomed to working with North Americans. Points Earned: 1/2 Correct Answer: B, D Your Response: B 2. Which of the following would be a situation that discouraged countertrade? A. shortage of foreign exchange. B. well-developed domestic economy. C. shortage of available credit. D. desire to promote labor-intensive exports. E. need to develop export markets for new products. Points Earned: 1/1 Correct Answer: B Your Response: B 3. The really knowledgeable buyer, in dealing with an international supplier: A. will always state the price in U.S. dollars. B.
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Quiz_ Chapter 14 quiz - Quiz: Chapter 14 quiz

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