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MKTG 411
chapter 10
| Question | Answer |
|---|---|
| The formation of multinational market regions has been encouraged by _____. | the transition to a free market system |
| Economic unions enlarge markets by _____. | providing preferential tariff treatment to member countries |
| True or false: The formation of an economic union is independent of the political orientation of member countries. | False |
| True or false: To facilitate transport of goods, the member countries of economic unions should be in close geographical proximity. | True |
| Economic unions tend to be successful if member countries | share a cultural heritage. |
| Which economic union was formed in 1958 and led to the emergence of multinational markets? | The European Economic Community |
| How do economic unions develop and enlarge markets for member countries? | By providing assured outlets for goods manufactured by member countries |
| Member countries of an economic union must | have similar political aspirations. |
| Identify a factor that facilitates the success of an economic union | Geographic and temporal proximity of member nations |
| Agreements between member countries of an economic union are more likely to succeed if the members | are culturally similar. |
| In a regional cooperation for development arrangement, countries | work together to develop basic industries that benefit each of them. |
| Which factors have led to the rise of multinational market groups? (Check all that apply.) | The restructuring of eastern Europe into independent market-driven economies The globalization of markets |
| The ultimate aim of the European Union is to | achieve the political union of member countries. |
| Identify the legal instruments employed by the European Union. (Check all that apply.) | Regulations binding the member states directly and having the same strength as national laws Decisions addressed to a government, an enterprise, or an individual, binding the parties named Directives binding the member states but allowing them to choose |
| A true statement about Eastern European economies is that _____. | most of them are relaxing import controls |
| The simplest grouping for economic integration and cooperation is the _____. | regional cooperation for development group |
| Identify the factors that require market potential to be evaluated regionally rather than by individual country. (Check all that apply.) | The worldwide trend toward economic cooperation Enhanced global competition The dissolution of the Soviet Union into independent states |
| Which multinational market group is the most cooperatively secure and economically important? | The European Union |
| Which trade group exists in Europe and is composed of republics of the former Union of Soviet Socialist Republics? | Commonwealth of Independent States |
| The parliamentary branch of the European Union is _____. | the European Parliament |
| Identify an accurate statement about Eastern European economies. | Most of them are privatizing state-owned enterprises. |
| In a regional cooperation for development arrangement, countries | work together to develop basic industries that benefit each of them. |
| Which country on the African continent is not a part of the African Union | Morocco |
| Identify an accurate statement about the Commonwealth of Independent States. | It is a loose political union with open borders. |
| The European Commission | Executive |
| The Council of Ministers | Parliamentary |
| The Court of Justice | Judiciary |
| The Arab Common Market aims to _____. | integrate the economies of the Arab countries |
| Economic unions create multinational markets, which in turn create marketing efficiencies for participants. How do these marketing efficiencies affect businesses? | The purchasing power of their customers increases. |
| Identify an accurate statement about economic development in Africa. | The political instability in Africa has resulted in little economic progress. |
| How does the distance from the equator affect the economic development of regions? | Regions farther from the equator tend to have greater economic development. |
| Identify the provisions of the agreement between the member states of the Commonwealth of Independent States. (Check all that apply.) | To establish a free trade association similar to the European Union,To allow other currencies besides the ruble,To fulfill all Soviet foreign treaties and debt obligations,To repeal all Soviet laws,To incorporate economic reforms,To create joint control o |
| Egypt and Morocco have ratified an agreement to form the _____. | Greater Arab Free Trade Area |
| In large markets created by economic integration, businesses that rely on mass production and mass distribution are more likely to | achieve marketing efficiencies. |
| Data regarding market metrics tend to be least available for ______. | Africa and the Middle East |
| Which trade group exists in Europe and is composed of republics of the former Union of Soviet Socialist Republics? | Commonwealth of Independent States |
| Identify a provision of the European Union. | Firms cannot prevent the free movement of goods. |
| How has the adoption of the euro as a common currency affected the European Union? | Consumers can search for best bargains in branded products. |
Created by:
agordon93