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Exam 3: Competing in Global Markets

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Question 1

Multiple Choice

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Who has led a global effort to fight corruption and bribery in foreign markets?

A) The Euro
B) The WTO
C) The OECD
D) Canada

E) None of the above
F) B) and C)

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Question 2

Multiple Choice

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Maureen,a Canadian resident,was surprised to see that her home computer was actually made in Japan.Maureen did not know she had purchased a(n) :

A) generic good.
B) protected good.
C) exported item.
D) imported item.

E) A) and C)
F) None of the above

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Question 3

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If a Swiss chocolate firm purchases a Canadian ice cream manufacturer,the Canadian ice cream manufacturer becomes a:

One goal of the World Trade Organization (WTO)is to increase national subsidies on agricultural products.

The two basic types of tariffs are:

Some countries have an abundance of natural resources and a lack of technology.

Which of the following strategies offers the greatest profit potential?

Successful multinational corporations disregard cultural differences between countries in which they operate.

The benefits and costs of a common market like the North American Free Trade Agreement (NAFTA)are still being debated today.

The North American Free Trade Agreement (NAFTA)and the European Union (EU)are both examples of a common market.What is the idea behind a common market?

One way to satisfy an unexpected increase in sales is through contract manufacturing.

A firm desiring to enter a foreign market with a limited investment should consider a joint venture.

Climate and terrain in several South American countries are conducive to growing coffee efficiently.While other countries can grow coffee,they are not as productive or efficient.This fact would lead you to believe that the South American countries have a(n) _________________ advantage in the production of coffee.

Contract manufacturing involves the production of private-label goods by a foreign company to which a domestic company then attaches its brand name or trademark.

Free trade is the movement of goods and services among nations without political or economic barriers.

As a firm increases its FDI,it may do what?

Efficient currency exchange markets have eliminated countertrade in global business transactions.

Differences in electrical power and transportation systems can present special problems for Canadian firms when attempting to enter global markets.These represent the __________ forces that impact global business.

To provide better service for their customers,Google purchased office space in India for their online customer service representatives.This is an example of:

A_______ represents a long-term partnership between two or more companies established to help each firm build competitive market advantages.