GEB3373+F2010+Exam+1 - GEB 3373 Fall 2010 Midterm Exam 1...

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GEB 3373 Fall 2010 Midterm Exam 1 Name: __________________________________________ 1 1. The example of Sears financing local companies in Mexico in order to develop the local LQIUDVWUXFWXUH WR VXSSO\ WKHP UHODWHV WR ZKLFK GHWHUPLQDQW RI 3RUWHU¶V 'LDPRQG RI Competitive Advantage? a. Factor endowment b. Demand conditions c. Related and supporting industries d. Firm strategy and structure e. Domestic rivalry 2. $FFRUGLQJ WR WKH OHFWXUH± *HUPDQ\ DQG )UDQFH KDG D ORQJ UXQQLQJ GLVSXWH RYHU ³EHHU SXULW\ ODZV´± ZKLFK UHVWULFWV WKH LPSRUWDWLRQ RI EHHUV WKDW FRQWDLQ LQJUHGLHQWV RWKHU WKDQ WKRV e approved, and French perfume restrictions, which limit what perfumes can be imported to France. Which type of trade control/barrier does this relate to? a. Licensing agreements b. Administrative delays c. Arbitrary standards d. Service restrictions e. None of the above 3. China has a ________ advantage in the production of Soybeans. a. Competitive b. Absolute c. Comparative d. All of these e. None of these 4. Lion King Land is a country that is not only king of lions, but also king of production. The country can produce all commodities with an absolute advantage. However, even though it is WKH PRVW HIILFLHQW SURGXFHU RI HYHU\WKLQJ± LW¶V JRLQJ WR IRFXV RQ SURGXFWV WKDW SURGXFH PRUH efficient output and will give up less efficient output. Lion Kin J /DQG LV WUDGLQJ XQGHU« a. Mercantilism b. Neomercantilism c. Comparative Advantage d. Absolute Advantage e. Fair Trade
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GEB 3373 Fall 2010 Midterm Exam 1 Name: __________________________________________ 2 5. 9LFWRULD¶V 6HFUHW LV FUHDWLQJ D QHZ OLQH RI .DW\ 3HUU\ 3DMDPDV GXH WR REVHUYHG GHPDQGV LQ America. Its next step is to broaden this line to Canada where they too enjoy pajamas and Katy Perry in their culture. The tendency to extend new products to new foreign markets that DUH FORVHO\ UHODWHG WR WKH KRPH FXOWXUH LV FDOOHG« a. Country Similarity Theory b. Familiarity Theory c. Foreign Similarity Theory d. Relation Theory e. Home Familiarity Theory 6. *D*D¶V PHDW GUHVV IURP WKH 90$¶V² 7KH\ VWDUWHG WKH ELGGLQJ RII DW µ·¸±¹¹¹ DQG WKH ILUVW bidder won the dress. Carlos should have culturally versed himself in Dutch auctions before he flew all the way across the world to bid on the dress. This type of auction where they start
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GEB3373+F2010+Exam+1 - GEB 3373 Fall 2010 Midterm Exam 1...

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