Chapter 15 Questions

Chapter 15 Questions - d) only performed in China 7. What...

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Chapter 15 Questions 1. A global firm: a) Operates in more than one country b) Has a globe symbol as its logo c) Seeks to expand to different globes to do business d) All of the above 2. Restrictions on trade between nations include: a) Tariffs b) Nuclear supremacy c) Currency exchange rates d) All of the above 3. Quotas are: a) Limits on the volume of imported products b) Bullcorn c) A result of the Civil Rights Movement d) All of the above 4. WTO is known as the: a) World Trade Organization b) Western Tariff Operation c) West Texas Organization d) All of the above 5. Which of the following is NOT an example of an economic environment income distribution? a) New household b) Low-income household c) Middle-income household d) High-income household 6. Countertrade is: a) non-cash payment b) trade over a counter c) counterintuitive trading
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Unformatted text preview: d) only performed in China 7. What is a factor to consider when deciding whether to go global? a) Will it be able to adapt to local culture? b) Does Russia still have nuclear arms? c) Do you find the foreign cuisine appealing? d) All of the above 8. Ways to enter global markets include: a) Exporting b) Obtaining a passport c) Hiring a Safari guide d) All of the above 9.) Product adaptation involves: a) changing the product to include local products and wants. b) traveling to the Galapagos Islands c) mistranslation of adenine in RRNA d) All of the above 10.) Typical management of international marketing includes: a) Becoming a complete global organization b) Waterboarding c) Hourly video conferences d) All of the above Answer Key: 1. A 2. A 3. A 4. A 5. A 6. A 7. A 8. A 9. A 10. A...
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This note was uploaded on 09/08/2011 for the course BUS 3301 taught by Professor Harper during the Fall '10 term at Texas Tech.

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Chapter 15 Questions - d) only performed in China 7. What...

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