Marketing Final Exam

To avoid costly tariffs in the c d e country to which

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Unformatted text preview: ocking c. Boycotting d. Dumping e. Countertrading ANS: D This is the definition of dumping. PTS: 1 REF: 72 OBJ: 05-5 TOP: AACSB Reflective Thinking KEY: CB&E Model International Perspective | CB&E Model Pricing MSC: BLOOMS Knowledge 91. All of the following are reasons for dumping EXCEPT: a. lowering unit costs by exploiting large-scale productions b. attempting to avoid costly tariffs in the c. d. e. country to which the product is exported attempting to maintain stable prices during periods of exchange rate fluctuations temporarily distributing products in overseas markets to offset slack demand in the home market trying to increase an overseas market share ANS: B Dumping is the sale of an exported product at a price lower than that charged for the same or a like product in the “home” market of the exporter. PTS: 1 REF: 72 Thinking KEY: CB&E Model Pricing OBJ: 05-05 TOP: AACSB Reflective MSC: BLOOMS Analysis 92. The European Union accused South Korea of selling ships at a loss in an attempt to push its European rivals out of the market. In other words, South Korea was accused of: a. dumping b. illegal importing c. countertrading d. fiscal impropriety e. using an illegal cartel ANS: A Dumping is the sale of an exported product at a price lower than that charged for the same product in the home market of the exporter (South Korea). PTS: 1 REF: 72 OBJ: 05-5 TOP: AACSB Reflective Thinking KEY: CB&E Model International Perspective | CB&E Model Pricing MSC: BLOOMS Application 93. The Canadian magazine industry accused U.S. magazine publishers of _____, or selling the magazines in Canada at a lower price than in the United States. a. dumping b. offloading c. boycotting d. repatriating e. crossdocking ANS: A Dumping is selling a product in a foreign market at a price below the price charged in the home market. PTS: 1 REF: 72 OBJ: 05-5 TOP: AACSB Reflective Thinking KEY: CB&E Model International Perspective | CB&E Model Pricing MSC: BLOOMS Application 94. In a newspaper release, Corning, Inc. announced it had received a favorable ruling from China’s Ministry of Commerce on allegations that it was selling its fiber more cheaply in China than in other countries. Corning was falsely accused of: a. dumping b. offloading c. boycotting d. repatriating e. crossdocking ANS: A Dumping is selling a product in a foreign market at a price below the price charged in the home market. PTS: 1 REF: 72 OBJ: 05-5 TOP: AACSB Reflective Thinking KEY: CB&E Model International Perspective | CB&E Model Pricing MSC: BLOOMS Application 95. International trade does not always involve cash. Sometimes companies accept all or part of the payment for goods or services in the form of other goods or services. This is known as: a. export trading b. crossdocking c. exchange modification d. domestic barter e. countertrade ANS: E In countertrade, all or part of the payment for goods or services is in the form of other goods. PTS: 1 REF: 72 OBJ: 05-5 TOP: AACSB...
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