GEB3373 Pop Quiz Chapters (10, 12, 13, 16, 17)

______ is an African economic initiative that also has a military mandate.

What is the most likely result of a new continent-wide free-trade agreement in Africa?

Which Asian trade bloc was created partly in response to the threat of Communism in the late 1960s?

All of the following are Asia-Pacific Trade Blocs EXCEPT

Before the U.S. pulled out of the agreement, which country has notably been left out of the Trans-Pacific Partnership?

What agreement established the European Economic Community?

In addition to the EU, all of the following are trading blocs in Europe EXCEPT

Which governing institution is the EU's most powerful decision-making body?

The _______ requires ______ members to limit their annual government deficits to no more than 3% of GDP.

Before the WTO was created, ____ governed international trade.

All of the following are challenges to the WTO EXCEPT

The WTO is an acronym for

Which of the following is the result of GATT?

In a(n) _____, members eliminate internal trade barriers and adopt a common external policy toward nonmembers.

In a(n) ________, members eliminate internal trade barriers, adopt a common external policy toward nonmembers, and eliminate barriers to the movement of the factors of production.

Why have regional trade agreements become more popular in recent years?

Which country is NOT a MERCOSUR member?

The ______ has removed tariffs on 90% of members' merchandise trade.

Which country has benefited most from NAFTA?

Since NAFTA was signed, Canada both imports and exports more from and to Mexico.

A Canadian company is examining the relative wages, land-acquisition costs, and access to R&D facilities before deciding to enter a new foreign market. This means that _____ is/are particularly important to the company's choice of a mode of entry.

________ advantages are advantages that make it desirable for a firm to produce a good/service itself rather than contract out to another firm to produce it.

_____ motivations are those that push a firm into foreign markets because opportunities decrease in the domestic market.

When British Petroleum ships crude oil from its storage facilities in Kuwait to its Australian subsidiary, ________ has occurred.

The Mitsubishi Corporation is a firm that is directly engaged in importing and exporting a wide variety of goods for its own account and is a part of a keiretsu system. What type of export intermediary is it?

________ is the most common form of international business activity.

Suppose Feathr, a Gainesville-based digital marketing company, enters the Chinese market by buying a controlling interest in Chinese company MarketMeChina. What is the most likely disadvantage Feathr will face as a result of this acquisition?

According to the UNCTAD World Investment report, the majority of greenfield FDI projects are in the ____ sector.

Burger King has established a franchise agreement with an individual in Tokyo. Burger King will most likely provide the Japanese franchisee with all of the following EXCEPT ________.

All of the following are opportunities presented by international franchises EXCEPT

Which of the following is/are characteristic/s of international franchises?

Suppose that Company X's patented technology has been successful in the United States. Company X wants to enter the German market without significant commitment of financial and managerial resources. Along with reduced costs and risks, Company X wants to receive a fee for the use of its technology. Based on this information, Company X should entry Germany via:

All of the following are advantages of international licensing EXCEPT

Which mode of market entry is NOT recommended in countries with weak intellectual property laws and/or lax enforcement of those laws?

Suppose your company is considering exporting to a new market and needs to determine whether it should sell a basic or luxury version of its product there. Data on all of the following EXCEPT _____ would best help answer that question.

All of the following are steps in assessing alternative foreign markets EXCEPT

When assessing a country's economic market potential, examine all of the following EXCEPT

All of the following are advantages of contract manufacturing EXCEPT

Juanita recently purchased an FDX Computer. She needs assistance setting it up and contacts the firm's customer-service center, which is located in Bangalore, India. FDX Computer most likely engages in which of the following?

KBR is an international construction company that has agreed to design, construct, equip, and operate a new facility for a South African manufacturer in Dubai. After a specified period of time, ownership and management will be relinquished by KBR. What strategy is being employed?

Customization is likely to be forced by all of the following EXCEPT

The extent of product customization varies according to all the following factors EXCEPT

Which of the following products is LEAST likely to be customized?

Which of the following is NOT a cultural influence on products?

The extent of product customization varies according to all the following factors EXCEPT

Which of the following comprises specialized marketing efforts such as coupons, in-store promotions, sampling, direct-mail campaigns, cooperative advertising, and trade fair attendance?

According to the Chapter 16-17 lecture, promotion encompasses all of the following components EXCEPT

Proctor & Gamble is entering a new market and determines that the country has a high illiteracy rate. Given this information, which medium should P&G avoid using for its advertising campaign?

Which category of promotion allows close contact with the customer but is expensive and reaches customers only within a small region?

Coca-Cola's advertising strategy has been an international success because

When choosing a method of international distribution, firms must weigh the tradeoff between time and money.

An increase in a firm's order cycle time may cause it to lose customers.

In Africa, Coca-Cola has been successful at selling its products by using individual vendors across the continent. Which distribution strategy is this?

The process of getting products and/or services from firms to consumers is known as

Gator, Inc., produces painted, life-size aluminum alligators. These alligators have recently become very popular in Japan, and the company needs a low-cost way to ship its product overseas. What distribution method will Gator, Inc., most likely choose?

All of the following are characteristics of international services EXCEPT

Services differ from goods because they

Because customer participation is often required when services are purchased, services must often be customized to meet buyers' needs.

Services have all of the following characteristics EXCEPT

All of the following are management considerations specific to international service operations EXCEPT

What organization replaced the GATT?

What countries were granted the most-favored-nation status under the GATT?

All of the following are African free-trade agreements EXCEPT

________ are those that pull a firm into foreign markets as a result of opportunities available there.

When Hewlett-Packard buys microchips from Intel to use in manufacturing computers and then exports the completed computers to Europe, ________ has occurred.

The Nintendo Company manufactures electronic video consoles and game cartridges. Nintendo provides game-design firms with technical specifications for how Nintendo consoles function. The game-design firms create the games and then pay Nintendo a fee to manufacture those games. What mode of entry is described in this example?

Carmichael Candies, a U.S. firm, is considering the idea of entering the EU market through an international franchising agreement. What is the MAIN advantage to Carmichael if the firm chooses this entry method?

Executives at Bantam Bicycles realize that the firm lacks the necessary internal resources to compete internationally. Which of the following would most likely enable Bantam to compete in the global market?

IMAX, the entertainment firm, recently entered into a joint venture with Wanda Cinema Line, a Chinese theater chain. What was IMAX primarily seeking by forming this arrangement?

General Mills and Nestlé created a joint venture that fully integrated all the efforts necessary to compete against Kellogg in the European cereal market. This is an example of a(n) ________ alliance.

Avia Battery and Simon Battery both manufacture batteries in a shared facility. The two firms have most likely established a(n) ________ alliance.

The Japanese company Bandai and the U.S. toymaker Mattel entered into a strategic alliance. Bandai agreed to distribute Mattel products like Barbie dolls in Japan while Mattel agreed to distribute Power Rangers in Latin America. What type of alliance is this an example of?

Which of the following products is most likely to be customized?

All of the following are international distribution strategies EXCEPT

______ account for almost ______ of U.S. GDP.

GATT is an acronym for ________.

The ________ requires that any preferential treatment granted to one country must be extended to all countries.

A(n) ________ combines the elimination of internal trade barriers among member countries with the adoption of common external trade policies toward nonmembers.

The 12 member countries became known as the European Union when the ________ was signed in 1993.

The ________ is an agreement to create a customs union among the governments of Argentina, Brazil, Paraguay, Venezuela, and Uruguay.

Comtex, a U.S. clock manufacturer, recently built a new production facility in Bangladesh. Which term best describes the activities of Comtex?

A ________ is a special type of strategic alliance in which two or more firms join together to create a new business entity that is legally separate and distinct from its parents.

Boeing collaborated in a strategic alliance with Fuji, Mitsubishi, and Kawasaki in the development and production of the Boeing 777 to minimize Boeing's financial exposure. What benefit of strategic alliances was Boeing seeking?

A comprehensive alliance is formed when two or more firms ________.

A(n) ________ alliance occurs when partners share expertise or services related to distribution, pricing, and communications.

Micron Technology, Intel, Samsung, Hyundai, and Siemens have formed an alliance to develop the next generation of DRAM chips. This an example of what type of alliance?

The extent of product customization varies according to all the following factors EXCEPT

Which of the following products is most likely to be customized?

According to Chapter 16 in Pustay and Griffin, advertising strategy includes all of the following decision factors EXCEPT

Gator, Inc., produces painted, life-size aluminum alligators. These alligators have recently become very popular in Japan, and the company needs a low-cost way to ship its product overseas. Choosing airplane distribution has the advantage of being _____ and disadvantage of being ______. Choosing ship distribution has the advantage of being _______ and disadvantage of being ______.

The distribution channel with the shortest length is

Services account for almost ______ of U.S. GDP.

According to the Stratfor video about the TPP, what issue is a major concern as the U.S. negotiates with its Asian counterparts?

Which of the following is NOT a potential risk of entering a foreign market?

The mode of entry that provides firms with the most control is _____, while the least expensive is ______.

What is the primary reason that strategic alliances fail?

Through a strategic alliance, a firm can

Boeing collaborated in a strategic alliance with Siemens in the development and production of energy solutions for the U.S. military to take advantage of Siemens' technology. What benefit of strategic alliances was Boeing most likely seeking?

Company A and Company B each have a new, similar product they want to sell. Management at both companies know that if their individual products fail, each company will incur significant profit losses. To decrease the monetary risk associated with this new product, the companies may choose to enter into a/an ______ alliance.

A ________ is a special type of strategic alliance in which two or more firms join together to create a new business entity that is legally separate and distinct from its parents.

A joint venture is a new business entity that is legally separate and distinct from its parent companies.

A firm created by two or more parent companies that is legally separate and distinct from those parent companies is known as a _______.

According to the 2018 Pricewaterhouse Coopers CEO survey, what percentage of CEOs are planning a new strategic alliance or JV in the next 12 months?

Ocean Spray and Pepsi entered into a strategic alliance. Under the agreement, a portfolio of cranberry and blueberry-based beverages will be distributed through Pepsi's Latin America drinks division in collaboration with Massachusetts-based Ocean Spray Cranberries. This is an example of a(n) ______ alliance.

In a(n) _____ situation, both partners in a joint venture fully, actively participate in the management of the JV.

A public/private joint venture works best in countries with high levels of political instability.

Most JVs take the form of a __________.

A special form of joint venture that involves a partnership between a privately owned firm and a government is known as a(n)

All of the following are potential pitfalls of strategic alliances EXCEPT

Which of the following is NOT a potential advantage of a strategic alliance?

To assess the relative safeness of an alliance, companies should analyze all of the following EXCEPT

GlaxoSmithKline and Johnson & Johnson both manufacture cholesterol medication in a shared facility. The two firms have most likely established a(n) ______ alliance.

U.K.-based Cancer Research Technology Ltd. and Israeli Teva Pharmaceutical Industries Ltd. have signed an agreement to develop new cancer drugs. This is an example of what type of alliance?