GEB3373 Pop Quiz

Which of Africa's largest economies have yet to sign the African Continental Free Trade Area?

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

Which region of involved countries is likely to benefit most from the free trade provided by the Trans-Pacific Partnership?

All of the following are, or soon will be, trading blocs in the Asia-Pacific region EXCEPT

All of the following are Asia-Pacific Trade Blocs EXCEPT

Which of the following is NOT an organization that governs the European Union?

How much of the EU's budget is spent on agricultural subsidies?

Once the euro was created, participating members increased control over their own domestic money supplies and, sometimes, fiscal policy.

Which treaty laid the foundation for the creation of the euro by establishing "convergence criteria" for Eurozone membership?

Compared to the WTO, the GATT

Before the WTO was created, ____ governed international trade

All of the following are challenges to the WTO EXCEPT

Under the GATT, if the U.S. lowered its tariffs to Country X, a developing country, but required the normal tariff for all other countries, the U.S. was most likely using the

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

All of the following are advantages of economic integration EXCEPT

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.

The Pacific Alliance includes all of the following members EXCEPT

Which of the following is a free-trade agreement in the Americas?

NAFTA has imposed a net loss on the U.S. economy.

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.

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

If a business has an internalization advantage, it is more likely to

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

The more productive and efficient a firm is, the more likely it is to self-select into exporting; however, once a firm starts exporting, it earns lower profits and becomes less efficient than firms that do not export.

Jim is an international intermediary who is paid by commission to solicit domestic orders for foreign manufacturers. He is acting as a(n) ____________.

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

Suppose your firm wants to enter a new market using FDI, and that it wants to generate immediate revenues without adding any new capacity to the industry. Which strategy will it most likely employ?

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

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 ___

Flying Biscuit Café, an American restaurant, wants to enter the Latin American market through an international franchising agreement. All of the following are advantages to Flying Biscuit of using this mode of entry EXCEPT

Licensing tends to work well in markets where intellectual property protection is lax.

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

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 steps in assessing alternative foreign markets EXCEPT

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

_______ can be used to determine overall potential growth and future business opportunities in a market.

Suppose Pentax develops a new photo editing software and negotiates agreements with a Vietnamese manufacturer to assemble most Pentax cameras. Which entry mode for international business is Pentax utilizing?

An agreement where one firm provides managerial assistance, technical expertise, or other specialized services for an agreed amount of time and level of compensation is called a

Marriott International Inc., provides a small hotel in Bordeaux, France, with assistance and reservation services for an agreed period of time and price. Marriott and the hotel have a

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

All of the following EXCEPT _______ are legal forces that may affect the extent of product customization.

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

Which of the following is MOST LIKLEY to be customized?

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

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

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

The distribution channel with the longest length is

Company A is looking for a more efficient way to distribute its products globally this holiday season. It is willing to pay any price as long as everyone is guaranteed to get his/her orders in time. Which distribution method would you recommend in this case?

Due to a supply glut, analysts expect to see an increasing number of mergers in the global shipping industry.

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

The distribution channel of the shortest length is

The role of government in international services trade may include all of the following EXCEPT

Services differ from goods because they

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

What accounts for almost 75% of U.S. GDP?

Services have all of the following characteristics EXCEPT

What organization replaced the GATT?

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

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.

What agreement triggered the establishment of the European Economic Community?

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?

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?

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?

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

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

Promotion encompasses all of the following components 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. What distribution method will Gator, Inc., most likely choose?

All of the following are international distribution strategies EXCEPT

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

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

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.

________ is the most common form of international business activity.

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?

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 ________.

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.

Services have all of the following characteristics EXCEPT

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

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