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Exam 3: Doing Business in Global Markets

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Question 21

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Export trading companies:

A) enter into joint ventures with firms wanting to export goods and services.
B) are government owned businesses that help companies go global.
C) connect sellers in the U.S.with buyers in other nations,and help with customs,documentation and payments.
D) is similar to a corporation that sells franchises.

E) A) and B)
F) A) and C)

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Question 22

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In the Reaching Beyond Our Borders box titled "Golden Arches Glowing Across the Globe," McDonald's,the largest food franchise in the world,continues to tweak its business and marketing model to appeal to the tastes of the markets in the 117 countries that it serves.One unique product offering adopted in Hong Kong is:

A) Chinese barbeque,for which the local market usually pays three times what McDonald's is charging.
B) extending similar play structures that it is known for in the U.S. ,but with Chinese dragons and other more familiar imaginary characters suitable to the local market.
C) international clothing that suits the international market,a place where east meets west.
D) McWeddings,which cater to couples who want a wedding package without going into debt.

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

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Question 23

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A form of foreign direct investment,where a domestic company purchases a company in a foreign country to produce a similar product or service is a:

Last year,the nation of Tigerland imported goods totaling $500 million and exported products totaling $386 million.Tigerland experienced an) :

Peru and Bolivia account for almost 97% of the production of Quinoa seed pronounced Keen-wa) ,and most of it is sold to the U.S. ,Japan,and other wealthy nations.According to Duane Johnson,a former Colorado State agronomist who helped introduce the product into the U.S.several years ago,"This food is about the most perfect you can find for human diets." Although there are other areas where the seed will grow including higher elevations in Colorado) ,the majority of the Quinoa sold in the U.S.is imported from Peru and Bolivi A.These two nations have an) ________________ in the production of QuinoA

A fast-growing form of foreign direct investment is ______________ which are government controlled investments in foreign companies.

Many foreign students in U.S.colleges and universities have discovered profitable opportunities by importing goods from their home countries into the United States.

Effective human resource management styles are transferable from one culture to another.

Dumping is the practice of selling products in foreign markets at lower prices than what domestic firms are charging for the same product.

While the U.S.is a large exporter,Germany exports a higher percentage of their GDP.

A United States firm recently won a large contract with a company in Bangladesh by providing government officials and company officials with American cars and promises to provide monetary gifts in exchange for the business.Fortunately,U.S.Law,under the Foreign Corrupt Practices Act permits U.S.companies to operate in this manner.

Small businesses are less involved in global trade today than in the past.

The theory of comparative advantage exists because:

To understand legal and regulatory conditions and be successful in global markets it's often useful to contact:

The fee paid to a firm in a licensing agreement that gives another firm the right to manufacture their product or use its trademark is called:

Describe and provide examples of four different strategies for reaching global markets.

Which of the following represents the value of one nation's currency relative to the currencies of another country?

___________ is the use of government regulations to limit the import of goods and services.

Explain and provide at least one example of how legal and regulatory forces impede global trade.

The _____________ is the total value of a nation's exports compared to its imports measured over a specific period of time.