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Exam 3: Competing in Global Markets

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Question 31

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An increase in the exchange rate value of the dollar causes the dollar price of foreign made goods to decrease.

A) True
B) False

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Question 32

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A specialized organization that assists businesses in creating relationships with foreign customers and suppliers is known as a(n) :

A) export trading company.
B) international brokerage house.
C) keiretsu.
D) global trade bank.

E) B) and C)
F) C) and D)

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Question 33

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Countries enjoying high growth rates and rapid increases in living standards are known as emerging economies.

While franchising is popular in Canada,it is not an accepted strategy for firms in the global market.

Responding to pressure from political lobbyists representing the steel industry,the Canadian government levies a tax on steel products imported from Europe.This is an example of a(n) :

Which of the following terms describes a long-term partnership between two or more companies intended to help each firm build competitive market advantages? This arrangement does not call for the firms to share costs,risks,or management.

To expand Canada's profile in new and emerging markets,the Canadian government has identified 25 priority markets around the world.

In an effort to protect domestic jobs,some countries will place a limit on the number of certain types of products that can be imported.These limits are called:

Labour unions and businesses in the heavy equipment industry have asked the Canadian government to place a tax on imported equipment in order to make it more expensive.They hope that this will allow Canadian producers to be more competitive.The Canadian heavy equipment industry appears to be seeking a(n) :

Using contract manufacturing as a strategy to reach global markets offers firms the advantage of:

A key feature of a(n) ____________________ is that it has manufacturing and marketing facilities in many different countries.

There are many benefits of international joint ventures that are clear.The drawbacks are not so obvious.An important one is:

Protective tariffs are designed to raise money for the government.

Ford trades vehicles to Jamaica,which then trades them to China in exchange for computers.This is an example of:

When touring overseas,Canadian rock groups experience different cultures.All of the following are sociocultural forces except:

Effective marketing strategies focus on the product and ignore the sociocultural differences in the global environment.

Foreign investment in a country can be viewed as a sign of strength in the country's economy.

Adam's Apple Corporation ships all of the apples from its orchards in British Columbia to a single buyer in Japan.The firm's entire profits are derived from this international transaction.Adam's Apple Corporation:

All of the following are considered when calculating a country's balance of payments except:

United States has stopped some Canadian goods from entering the country because it said that the information on the labels was too small.This is an example of a(n) :