Question 1

Figure 6-4
-According to Figure 6-4, point A would most likely represent what option for entering the global marketplace?

Accepted Answer

A)   joint venture
B)   licensing
C)   exporting
D)   direct investment
E)   franchiseF) All of the above
G) A) and E)

Question 2

An assessment of a country's or region's political-regulatory climate includes an analysis of its political stability and

Accepted Answer

A)   economic infrastructure.
B)   stock market performance.
C)   trade regulations.
D)   cultural diversity.
E)   currency exchange rates.F) A) and B)
G) A) and C)

Question 3

A disadvantage of a joint venture arrangement when entering a new global market is that

Accepted Answer

A)   intermediaries have the potential to harm the brand.
B)   the firm entering the foreign market must pay royalties to the other firm.
C)   one of the companies forgoes control over its product.
D)   the two companies may disagree about policies.
E)   this method is likely to provide the fewest subsidies from the host country's government.F) A) and E)
G) A) and B)

Question 4

The law, as amended by the International Anti-Dumping and Fair Competition Act, that makes it a crime for U.S. corporations to bribe an official of a foreign government or political party to obtain or retain business in a foreign country, is referred to as the

Accepted Answer

A)   International Law for Egalitarian Ethics Act.
B)   International Fair Practices Act.
C)   Law of International Equity Act.
D)   International Law of Ethical Business Practices Act.
E)   Foreign Corrupt Practices Act.F) B) and E)
G) A) and E)

Question 5

All of the following are challenges faced by Amazon in its expansion into India except which?

Accepted Answer

A)   Low rates of credit and debit card usage among Indian consumers, and many without bank accounts
B)   Well-financed and capable domestic competitors in India
C)   Political instability and social unrest in India
D)   Underdeveloped technology requiring financial and technological investment in a localized cloud computing platform for India
E)   Strict trade regulations that prevent direct sales to Indian consumersF) All of the above
G) C) and E)

Question 6

A trade war is initiated when

Accepted Answer

A)   the World Trade Organization issues fines to two or more corporations in a country.
B)   two or more companies attempt to undercut one another's pricing strategy.
C)   a country begins to accept imports for a new product category or class.
D)   a country reduces tariffs for a particular product category or class.
E)   countries attempt to damage each other's trade with excessive tariffs and quotas.F) A) and E)
G) A) and B)

Question 7

Licensing refers to

Accepted Answer

A)   offering the right to a trademark, patent, trade secret, or similarly valued items of intellectual property in return for a royalty or fee.
B)   contracting with a foreign firm to manufacture products according to certain specifications.
C)   a foreign country and a local firm investing together to create a local business.
D)   having a company handle its own exports directly without intermediaries.
E)   exporting through an intermediary, which often has the knowledge and means to succeed in selling a firm's product abroad.F) A) and E)
G) A) and D)

Question 8

The practice where a translated word or phrase is retranslated into the original language by a different interpreter to catch errors is referred to as

Accepted Answer

A)   locution.
B)   heuristics.
C)   transliteration.
D)   back translation.
E)   cross-cultural paraphrasing.F) B) and E)
G) A) and C)

Question 9

Select Service Partner (SSP)  Group has operations in 30 countries involving food and beverage establishments, often in transit hubs such as airports and railway stations. SSP also operates Starbucks locations in airports in Finland, Sweden, and Norway. SSP pays Starbucks a royalty based on sales, as well as a fee for each store. In these instances, Starbucks is engaged in

Accepted Answer

A)   direct exporting.
B)   indirect exporting.
C)   contract manufacturing.
D)   foreign assembly.
E)   franchising.F) A) and E)
G) A) and C)

Question 10

Economic infrastructure is

Accepted Answer

A)   a nation's military-industrial complex.
B)   a country's governmental services.
C)   the people and the wealth of a nation.
D)   a country's communications, transportation, financial, and distribution systems.
E)   all of a country's natural resources, whether or not they are currently being exploited.F) D) and E)
G) A) and E)

Exam 6: Understanding and Reaching Global Consumers and Markets

An assessment of a country's or region's political-regulatory climate includes an analysis of its political stability and

Correct Answer
verified

A trade war is initiated when

Correct Answer
verified

Licensing refers to

Correct Answer
verified

All of the following are challenges faced by Amazon in its expansion into India except which?

Correct Answer
verified

Economic infrastructure is

Correct Answer
verified

Correct Answer
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The practice where a translated word or phrase is retranslated into the original language by a different interpreter to catch errors is referred to as

Correct Answer
verified

The law, as amended by the International Anti-Dumping and Fair Competition Act, that makes it a crime for U.S. corporations to bribe an official of a foreign government or political party to obtain or retain business in a foreign country, is referred to as the

Correct Answer
verified

A disadvantage of a joint venture arrangement when entering a new global market is that

Correct Answer
verified

Figure 6-4 -According to Figure 6-4, point A would most likely represent what option for entering the global marketplace?

Correct Answer
verified

Exam 6: Understanding and Reaching Global Consumers and Markets

An assessment of a country's or region's political-regulatory climate includes an analysis of its political stability and

Correct AnswerverifiedShow Answer

A trade war is initiated when

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Licensing refers to

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All of the following are challenges faced by Amazon in its expansion into India except which?

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Economic infrastructure is

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

The practice where a translated word or phrase is retranslated into the original language by a different interpreter to catch errors is referred to as

Correct AnswerverifiedShow Answer

The law, as amended by the International Anti-Dumping and Fair Competition Act, that makes it a crime for U.S. corporations to bribe an official of a foreign government or political party to obtain or retain business in a foreign country, is referred to as the

Correct AnswerverifiedShow Answer

A disadvantage of a joint venture arrangement when entering a new global market is that

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Figure 6-4 -According to Figure 6-4, point A would most likely represent what option for entering the global marketplace?

Correct AnswerverifiedShow Answer

Correct Answer
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