question

Which of the following is true regarding international marketing?

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It involves the performance of business activities to sell the goods and services of a company in more than one nation for a profit

question

At the global level, differences can be observed in marketing ____ from country to country

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Environments

question

Which of the following is an uncontrollable element in an international marketing program?

answer

Economic forces

question

Elements such as geography and infrastructure, level of technology, and cultural forces in the marketing environment of an international marketer are regarded as

answer

Uncontrollable Elements

question

A person's ____ can prevent him from being aware of the existence of cultural differences or from recognizing the importance of those differences

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Self- Reference Criterion

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Justin, who works as a manager in a global enterprise with a diverse workforce, is of the opinion that the employees from his country are more time-conscious and good at taking decisions. He always allot responsible positions to people from his country and trusts them more compared to other employees. This notion of Justin is referred to as

answer

Ethnocentrism

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To be ____ is to be tolerant of cultural differences and to have knowledge of cultures, history, world market potential, and global economic, social and political trends

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Globally aware

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Which of the following factors favors faster internationalization

answer

Firms with key managers well networked internationally

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A company in the _____ stage of international marketing involvement sells its goods to foreign markets only when there is a surplus due to variations in production levels. Such a company has little or no intention of maintaining continuous market representation

answer

Infrequent foreign marketing

question

What was the outcome for the GATT after the ratificaiton of the Uruguay Round agreements?

answer

It became part of the World Trade Organization

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The rapid growth of war-torn economies and previously underdeveloped countries, coupled with large scale economic cooperation and assistance that followed WWII led to

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The rise of new global marketing opportunities

question

By the year 1971, the United States was witnessing

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A huge trade deficit

question

The system of accounts that records a nation's international financial transactions is most accurately called its

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balance of payments

question

A specific unit or dollar limit applied to a particular type of good is called a

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Quota

question

Which of the following trade policy tools makes it mandatory for its importers who want to buy a foreign good to apply for an exchange permit?

answer

Government approval

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The Foreign Corrupt Practices Act (FCPA) is specifically addressed in the ____ section of the Omnibus Trade and Competitiveness act

answer

export expansion

question

Which of the following emerged as a successor to the GATT following the Uruguay Round of GATT negotiations

answer

World Trade Organization

question

One of the basic elements of the General Agreement on Tariffs and Trade (GATT) is that

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Trade shall be conducted on a nondiscriminatory basis

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Developed by the IMF to cope with universal floating exchange rates, ____ represents an average base of value derived from the value of a group of major currencies

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Special drawing rights

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Which of the following is a criticism associated with the global financial institutions?

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They failed to foresee and counter the unintended effects of globalizations like pollution, exploitation, and cultural exploitation

question

Which of the following is an adverse consequence of globalization?

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Worker exploitation and domestic job losses

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Which of the following events caused the Chinese to cede the Honk Kong to the British?

answer

The First Opium War

question

Japan was an isolated country before the arrival of _____ in 1853

answer

Commodore Perry

question

Which of the following may best explain why the Japanese have such a strong loyalty toward their companies

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Confucian Philosophy

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In 1561, _____ came to Europe from the Near East, via the Dutch traders, for the first time

answer

Tulips

question

What was the overall end result of the Mexican War of 1846-1848?

answer

Mexico was forced to cede California to the U.S.

question

The idea of Manifest Destiny was used to justify the U.S. annexation of

answer

California

question

In 1600, Japan began trading ____ for foreign goods

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Silver

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Which of the following countries is considered to be the world's most efficient user of energy?

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Japan

question

Which of the following statements is true with respect to the economic effects of controlling population growth?

answer

A decline in fertility rate is a function of economic prosperity

question

Which of the following is an adverse consequence of globalization?

answer

Worker exploitation and domestic job losses

question

Which of the following is the most universal means used by governments to control birth rates?

answer

Family Planning

question

Which of the following regions of the world is most affected by aging and thus by a steadily decreasing worker-to-retiree ratio?

answer

Europe

question

______ represents the attempts of countries to overcome economic and social imbalances created in part by the influence of geography

answer

Trade Routes

question

An underpinning of all commerce is ____ - knowledge of where goods and services exist and where they are needed

answer

effective communications

question

Which of the following relfects Dutch management professor Geert Hofstede's perception of culture?

answer

It is a problem-solving tool

question

James Day Hodgson, former U.S ambassador to Japan, describes culture as a _____ which according to him is tough to get through, but with effort and patience could often lead to success

answer

Thicket

question

The process of adjusting to a new culture is known as

answer

Acculturation

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Mike grew up learning a great deal about his culture from his school, the church, the mass media and his family. This kind of learning of culture is called

answer

Socialization

question

Which of the following thinkers is famous for his statement on the deep influence of geography on history, economics, and consumer behavior?

answer

Philip Parker

question

Which of the following technological innovations has had a great impact on the gender-based determining of responsibilities and roles?

answer

birth control pills

question

The _____ in India is a social institution that influences the roles of status positions found within Indian society

answer

Caste System

question

Which of the following has been the biggest impact on American culture, of women joining the workforce in growing numbers for the past thirty years?

answer

A reduction in the influence of family in the American culture

question

Which of the following social institutions is considered to have had a detrimental effect on American culture?

answer

Media

question

Which of the following social institutions that influence culture has comparatively the least impact on culture

answer

Government

question

In the context of linguistic distance, which of the following languages is the most distant from English?

answer

Thai

question

For a culture, a low score in the _____ reflects more egalitarian views

answer

Power distance Index

question

Cultural values can predict such consumer behaviors as _____ and impulsive buying

answer

Word-of-mouth communications

question

Hofstede's data on cultural values suggest that

answer

diffusion of innovations will be slower in countries that are low on individualism and high on uncertainty avoidance

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Feng Shui is a Chinese

answer

belief

question

_____ is a responsible effort to learn from others' cultural ways in the quest for better solutions to a society's particular problems

answer

Cultural Borrowing

question

To the foreign marketer, the similar-but-different feature of cultures has important meaning in gaining cultural

answer

empathy

question

With the regard to resistance to change, observations indicated that those innovations most readily accepted are those that

answer

hold the greatest interest within society and those that are least disruptive

question

Modern Medicine has thrived in the US together with the use of herbal remedies from South America. This is an example of

answer

cultural borrowing

question

____ refers to a strategy that involves marketing products similar to ones already on the market thereby minimizing resistance

answer

cultural congruence

question

The westernized diet has caused many Japanese to become overweight. This is an example of _______ change

answer

unplanned

question

For a culture, a low score in the ______ relfects more egalitarian views

answer

power distance index

question

Business customs can be grouped into

answer

imperatives, electives, and exclusives

question

______ are the business customs and expectations that must be met and conformed to or avoided if relationships are to be successful

answer

cultural imperatives

question

Business customs that must be recognized and accommodated are called

answer

imperatives

question

Which of the following would most likely be characterized as being an imperative business custom in many cultures

answer

establishing friendships

question

least acceptable behavior in a business setting, especially in a cross-cultural scenario?

answer

correcting someone in public

question

Which of the following views is consistent with normative US cultural concepts

answer

independent enterprise is an instrument for social action

question

Which philosophy of US management recognizes that people influence the future to a large extent and that they control their own fates?

answer

"Master of Destiny" viewpoint

question

Which of the following is consistent with the American view of the independent enterprise?

answer

A corporation is an entity that has rules and continuity of existence

question

Adam Smith

answer

competitiveness

question

In ______ decision making, participation by middle management tends to be deemphasized

answer

top- level management

question

which of the following forms of business decision making is predominant in most Asian countries

answer

Group

question

Companies in _____ countries have a strong paternalistic orientation, and assume that individuals will work for one company for the majority of their lives

answer

more hierarchical

question

Research has shown that commitment of workers to their companies tended to be higher in countries

answer

higher in individualism and lower in power distance

question

According to Max Weber, at least part of the standard of living in the US today can be attributed to the

answer

hard working Protestant ethic

question

_____ is probably the most common mistake of North Americans attempting to trade in the Middle East

answer

impatience

question

____ is more dominant in high-context cultures, where the completion of a human transaction is emphasized more than holding to schedules

answer

Polychronic time

question

A firm whose marketing orientation is based on the belief that consumers and businesses alike will not buy enough without prodding is _____ oriented

answer

selling

question

Which of the following is true of the effect of differences in culture in business negotiations

answer

the risk of misunderstanding increases when negotiating with someone with someone from a different culture

question

Which of the following is true of P-time and M-time?

answer

as global markets expand, more businesspeople from P-time cultures are adapting to M-time

question

In the context of business ethics, which of the following factors kept the American economy afloat at the turn of the century

answer

Rampant Consumerism

question

Which organization conducts an international survey of businesspeople, political analysts, and the general public on corruption and compiles the Corruption perception Index (cpi)

answer

Transparency International (TI)

question

Which of the following is true of the business community's view about payoffs?

answer

Many global competitors perceive payoffs as a necessary means to accomplish business goals

question

Which aspect of Japanese culture, predicted by many to favor bribery, makes Japan's success in reducing corruption more remarkable?

answer

relationship-orientation

question

_____ occurs when payments are extracted under duress by someone in authority from a person seeking only what he or she is lawfully entitled to

answer

extortion

question

____ involves a relatively small sum of cash, a gift, or a service that is intended to facilitate or expedite the normal, lawful performance of a duty by an official

answer

lubrication

question

___ generally involves giving large sums of money-- frequently not properly accounted for -- designed to entice an official to commit an illegal act on the behalf of the one offering the bribe

answer

subordination

question

a culture that is low context, individualistic, low power distance, and uses monochromic time is

answer

information-oriented

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