International Management Final Test Answers – Flashcards

Generally, management prefers global product standardization because: A. There can be longer production runs, which lowers costs. B. Extra research and design expenses can be eliminated. C. The creative work needed for promotion doesn't need to be done for each market. D. A standardized corporate visual identity can help project a consistent image. E. All of the above.

The international marketing manager's task is more complex than that of the domestic marketing manager because: A. marketing strategies must be developed by assessing potential markets and analyzing alternate marketing mixes. B. the international market is larger. C. the uncontrollable environment forces vary widely among markets. D. A, B and C

When non-exporting firms are asked why they do not export, they generally list the following as problems: A. Locating foreign markets B. Payment and finance procedures C. Export procedures D. International marketing E. Correct A, B and C F. All of the above

Market Access and Compliance (MAC) specialists seek to open foreign markets to American products. MAC specialists do not do the following: A. Develop strategies to overcome obstacles faced by U.S. business in foreign countries and regions B. Monitor foreign country compliance with trade agreements C. Monitor exchange rates D. All of the above E. A and B

Credit information can be available for exporters through all of the following except: A. Dun & Bradstreet B. FCIB (Finance, Credit, and International Business Association) C. The exporter's bank D. The SBA (Small Business Administration)

The Gold Key Service provided through many American embassies offers companies the following: A. Orientation briefings B. Market research C. Introductions to potential partners D. Assistance in developing a marketing strategy for the particular country E. All of the above F. C and D

Export marketing plans should be specific about: A. The markets to be developed B. The marketing strategy for servicing them C. The tactics required to make the strategy operational D .The management plan E. A, B, and C F. A, B and D

Ex-Works suggests: A. Cash in advance B. Open account C. Consignment D. Letters of credit E. Free on Board F. All of the above

Freight forwarders' responsibilities include all except: A. Booking space on a ship B. Preparing the export documents C. Verifying that the seller has money in the bank D. Arranging to have the merchandise delivered to the port

Which of the following is the most risky for an exporter? A. Open account B. Irrevocable letter of credit C. Bank collection time draft D. Cash in Advance

The U.S. Export-Import Bank (Eximbank) offers the following: A. Export Credit Insurance B. Guarantees C. Direct and Intermediary Loans D. Working Capital Guarantee E. A, C and D F. All of the above

The premiums charged by marine insurance companies on an international transaction depend on: A. The age of the ship B. The whether the goods are stowed on deck or under deck C. Volume of business D. How the good are packed E. All of the above F. B, C, and D