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internation-mar

exam 1

Question	Answer
which of the following is the top issue concerning foreign business?	stability of prevailing government policies
what is at the top of the list of political issues concerning foreign business?	the stability or instability of prevailing government policies
the five main causes of instability in international markets include trade disputes and all of the following	-some forms of government seem to be inherently unstable -changes in political parties -nationalism -animosity targeted toward specific countries
in international markets include trade disputes and all of the following EXCEPT	U.S. domestic political policies
All of the following are instances of how nationalism can be manifested EXCEPT:	membership in bilateral trade treaties
All of the following are instances of how nationalism can be manifested:	-call to buy our countrys products -restrictions on import -restrictive tarriffs -focus on national security
With respect to political risk that can be faced by a company seeking to invest abroad, which of the following presents the most severe political risk?	confiscation
what is the most severe political risk	confiscation
what is confiscation	the seizing of a companys assets without payment
When a government seizes an investment of a foreign investor but some reimbursement for the assets is made, the government is following a process called:	expropriation
All of the following are considered to be economic risks that can be faced by international companies EXCEPT:	production costs
All of the following are considered to be economic risks that can be faced by international companies:	-exchange controls -local-content laws -import restrictions -tax controls -price controls -labor problems
All of the following strategies can be effective in forestalling or minimizing the effect of a total takeover of a multinational corporation's holdings by a foreign government EXCEPT:	advertising
All of the following strategies can be effective in forestalling or minimizing the effect of a total takeover of a multinational corporation's holdings by a foreign government:	-joint ventures -licensing -expanding the investment base -planned domestication
The strategies used by MNCs to minimize political vulnerability and risk are	joint ventures -expanding the investment base -licensing -planned domestication -political bargaining -political payoffs.
While expanding the investment base of a company, which of the following can be used as a powerful ally in dealing with threats of government takeovers or harassment?	lender banks to host government
Because of political changes in the late twentieth century, which of the following countries has had to build from scratch an entire commercial legal system?	Russia
The World Court can adjudicate disputes between which of the following?	disputes between governments
Which of the following is NOT one of the traditional remedies by American companies to protect intellectual property?	threats to withdraw products from country
Which of the following are some of the traditional remedies by American companies to protect intellectual property?	-complaints to U.S. governement and WTO -negotiation and dispute resolution -preventative steps such as local representation -complaints to countrys government
One counterfeiting problem for international marketers is:	collusion between contract manufacturers and illegitimate sellers
All of the following would be considered to be reasons for adopting an attitude of protectionism with respect to world trade EXCEPT:	to protect political stability
All of the following would be considered to be reasons for adopting an attitude of protectionism with respect to world trade:	-protection of an infant industry -protection of a home market 0the need to keep money at home 0to encourage capital accumulation
The United States and other countries require some products (automobiles in particular) to contain a percentage of "local content" to gain admission to their markets. This is an example of the usage of _____ to restrict trade.	standards
Which of the following is NOT true of the GATT?	member nations seek to resolve their trade disputes unilaterally
member nations seek to resolve their trade disputes	bilaterally, and if that fails, special GATT panels are set up to recommend action
what is true of the GATT	-The United States and 22 other countries signed the GATT shortly after World War II. -The GATT paved the way for the first effective worldwide tariff agreement. -The GATT panels are only advisory and have no enforcement powers. -It created an agency t
One of the basic elements of the General Agreement on Tariffs and Trade (GATT) is that:	trade shall be conducted on a nondiscriminatory basis.
_____ and the World Bank Group are two global institutions created to assist nations in becoming and remaining economically viable.	the international monetary fund
Which of the following is one of the primary objectives of the International Monetary Fund (IMF)?	the stabilization of foreign exchange rates
The five institutions of the World Bank Group perform all the following services EXCEPT:	providing investors with investment guarantees against "commercial risk"
The five institutions of the World Bank Group perform all the following services	-lending money to the governments of developing countries to finance development projects in education, health, and infrastructure. -providing assistance to governments for developmental projects to the poorest developing countries. -helping strengthen
The complaints against the WTO, IMF, and others include all of the following EXCEPT:	cultural integration
The complaints against the WTO, IMF, and others include all of the following	-environmental concerns -worker exploitation and domestic job losses -higher oil prices -diminished soveignty of nations
Which of the following is the most critical difference between domestic marketing and international marketing?	The environment in which marketing plans must be implemented
Which of the following is the reason why the international marketer's task is more complicated than that of the domestic marketer?	Because the international marketer must deal with at least two levels of uncontrollable uncertainty instead of one.
For an international marketer, the _____ can be altered in the long run and, usually, in the short run to adjust to changing market conditions, consumer tastes, or corporate objectives.	controllable elements
Which of the following reflects the relation between international business and domestic business?	The ability to invest abroad is to a large extent a function of domestic economic vitality.
Which of the following is NOT true of the impact of culture?	In dealing with unfamiliar markets, frames of reference are unimportant in evaluating the potential of a market.
According to the text, the primary difference in the practice of marketing at the domestic versus the international level is:	the environment within which the marketing plans must be implemented.
Robert Jonas is in charge of a new marketing effort directed toward Peru. In order for his company to effectively market and distribute to all of Peru's major cities, Mr. Jonas must devise a logistics plan for crossing the Andes Mountains on a daily basis	geography and infrastructure
Amy Sims has been assigned the task of preparing a marketing plan for company for the next year's business activities. She knows that she should begin her plan by examining the variables that she has some control over. These controllable variables would i	promotion
The primary obstacles to success in international marketing are a person's _____ and an associated ethnocentrism.	self-reference criterion
Your _____ can prevent you from being aware that there are cultural differences or from recognizing the importance of those differences.	self-reference criterion (SRC)
The most effective way to control the influence of ethnocentrism and the SRC is to:	recognize their effects on our behavior.
Which of the following organizations has a better chance of accelerating their internationalization process?	firms with key managers well networked internationally
James Bright's company seeks markets all over the world and attempts to sell products that are a result of planned production for markets in various countries. Which of the following stages BEST characterizes the stage of international marketing involveme	international marketing
Which of the following is true of the first two stages of international marketing involvement—no direct foreign marketing and infrequent foreign marketing?	they are more reactive in nature
For companies today, becoming international is a luxury only some can afford.	false
The international marketer is not affected by domestic competition.	false
John refuses to buy Japanese products because he sees this as a way of selling out to a nation known for its aggressive behavior. John is using a self-reference criterion to make his decision.	true
To avoid errors in business decisions, it is necessary to conduct a cross-cultural analysis that emphasizes the need for ethnocentrism.	false
What's the difference between domestic marketing and international marketing?	--The environment in which marketing plans must be implemented
Why is the international marketer's task more complicated that the domestic marketer?	Because the international marketer must deal with at least two levels of uncontrollable uncertainty instead of one
For an international marketer, the _____ can be altered in the long run and, usually, in the short run to adjust to changing market conditions, consumer tastes, or corporate objectives.	controllable elements
the most effective way to control the influence of ethnocentrism and the SRC is to:	recognize their effects on our behavior

Created by: cbalaban

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