Question 1

The strategy of global marketing involves selling the same product in essentially the same way everywhere in the world.

Accepted Answer

A) True 
 B)False

Question 2

What is happening to the standard of living for the billions of people in the "Emerging Markets"?

Accepted Answer

A)   stagnating
B)   improving
C)   decreasing
D)   uplifting
E)   none of the aboveF) A) and D)
G) A) and B)

Question 3

Which of the following is NOT one of the six fundamentals which governments globally need to commit to,are the following:

Accepted Answer

A)   Commitment to an International Trade System
B)   Market Openness
C)   Protectionism
D)   Fundamentals of Fair Trade
E)   Balanced Economic DevelopmentF) D) and E)
G) B) and D)

Question 4

Why do some organizations look globally to ensure their portfolios add resources? Provide an example.

Accepted Answer

In some business sectors,organizations seek to look globally in an effort to ensure that their business portfolios continually add the required resource base necessary to ensure that an adequate future supply exists to support the products and services which they offer in the marketplace.
This is particularly true of the energy and commodity-based resource industries.Specific to Canada,we have seen a significant interest,by foreign firms,in acquiring ownership of our natural and energy resource bases.
Oil-producing companies,mining companies,and other natural resource-intensive companies have all been active in making direct investments into Canada or obtaining ownership stake in our resource base via business acquisitions.
As an example,since 2000,over $52 billion has been invested in the Alberta Oil Sands project,with a significant percentage of the investment coming from foreign companies.
significant acquisitions,by foreign firms,into Canada,largely for the purpose of obtaining and controlling mineral rights,has occurred.Xstrata's purchase of Falconbridge,and CVRD's (now known as VALE)purchase of Inco are examples of a few of the energy and mining-related acquisitions which have taken place.

Question 5

The outlook for growth in global trade appears to be:

Accepted Answer

A)   less optimistic than in the past.
B)   brighter every day.
C)   unclear and lacking focus.
D)   nonexistent.E) A) and D)
F) A) and C)

Question 6

Direct investment is the least risky and least expensive way to participate in foreign trade.

Accepted Answer

A) True 
 B)False

Question 7

When competing in global markets,business organizations can choose among a variety of ways to reach foreign buyers.

Accepted Answer

A) True 
 B)False

Question 8

How many countries in The European Union use the Euro as a common currency?

Accepted Answer

A)   6
B)   27
C)   16
D)   10
E)   17F) D) and E)
G) None of the above C

Question 9

Non-tariff barriers can be just as detrimental to free trade as tariffs.

Accepted Answer

A) True 
 B)False

Question 10

Trade occurs between _________.

Accepted Answer

A)   countries
B)   organizations
C)   individuals
D)   a)  and b) 
E)   b)  and c) F) D) and E)
G) B) and C)

Question 11

____________ is the selling of goods and services to other countries.

Accepted Answer

A)   In-trading
B)   Exporting
C)   Importing
D)   DumpingE) A) and D)
F) All of the above

Question 12

Effective marketing strategies focus on the product and ignore the socio-cultural differences in the global environment.

Accepted Answer

A) True 
 B)False

Question 13

For firms interested in global markets,investments in China are considered to be:

Accepted Answer

A)   too risky and not worth the effort.
B)   illegal based on World Trade Organization (WTO)  rulings.
C)   an emerging business opportunity.
D)   dependent on Yao Ming's success in the National Basketball Association.E) None of the above
F) A) and B)

Question 14

Which of the following is NOT a reason that the United States dollar remains the benchmark currency?

Accepted Answer

A)   The size of the U.S. economy
B)   The position of the U.S. as the predominant purchaser of goods and services globally
C)   The historical strong U.S. economic growth
D)   The political flexibility of the U.S.
E)   The U.S. sovereign debtF) C) and D)
G) B) and D)

Question 15

The search for new markets is not __________,with developing economy companies also looking to export to fully-developed economies,such as the U.S.and Canada.

Accepted Answer

A)   A closed system
B)   A one-way focus
C)   A two-way street
D)   An exclusive endeavour
E)   A limited effortF) B) and C)
G) A) and B)

Question 16

Which of the following terms describes the set of values,beliefs,rules,language,and institutions held by a specific group of people?

Accepted Answer

A)   Culture
B)   Ethnocentricity
C)   Institutional society
D)   Social myopiaE) B) and C)
F) B) and D) A

Question 17

An import quota is a complete ban on the import or export of certain products.

Accepted Answer

A) True 
 B)False

Question 18

_______ refers to the need for developing economies to maintain a focus on the core elements of an open economy -those being the law of supply and demand,encouragement of entrepreneurship and wealth creation,and the willingness to encourage and support private ownership.

Accepted Answer

A)   Commitment to an International Trade System
B)   Absence of Protectionism
C)   Fundamentals of Fair Trade
D)   Market Openness
E)   Balanced Economic DevelopmentF) A) and E)
G) A) and B)

Question 19

What surprised many analysts was the _______ in which a recession,initially focused in the United States,turned into a global recession with economic contraction occurring worldwide.

Accepted Answer

A)   severity
B)   insignificance
C)   speed
D)   harshness
E)   SlownessF) B) and D)
G) A) and B)

Question 20

What should a strategic assessment for an organization consider for shifting to a global presence?

Accepted Answer

Shifting to a global presence for an org...

Exam 3: The Global Marketplace

The strategy of global marketing involves selling the same product in essentially the same way everywhere in the world.

Correct Answer
verified

What is happening to the standard of living for the billions of people in the "Emerging Markets"?

Correct Answer
verified

Which of the following is NOT one of the six fundamentals which governments globally need to commit to,are the following:

Correct Answer
verified

Why do some organizations look globally to ensure their portfolios add resources? Provide an example.

The outlook for growth in global trade appears to be:

Correct Answer
verified

Direct investment is the least risky and least expensive way to participate in foreign trade.

Correct Answer
verified

When competing in global markets,business organizations can choose among a variety of ways to reach foreign buyers.

Correct Answer
verified

How many countries in The European Union use the Euro as a common currency?

Correct Answer
verified
C

Non-tariff barriers can be just as detrimental to free trade as tariffs.

Correct Answer
verified

Trade occurs between _________.

Correct Answer
verified

____________ is the selling of goods and services to other countries.

Correct Answer
verified

Effective marketing strategies focus on the product and ignore the socio-cultural differences in the global environment.

Correct Answer
verified

For firms interested in global markets,investments in China are considered to be:

Correct Answer
verified

Which of the following is NOT a reason that the United States dollar remains the benchmark currency?

Correct Answer
verified

The search for new markets is not __________,with developing economy companies also looking to export to fully-developed economies,such as the U.S.and Canada.

Correct Answer
verified

Which of the following terms describes the set of values,beliefs,rules,language,and institutions held by a specific group of people?

Correct Answer
verified
A

An import quota is a complete ban on the import or export of certain products.

Correct Answer
verified

_______ refers to the need for developing economies to maintain a focus on the core elements of an open economy -those being the law of supply and demand,encouragement of entrepreneurship and wealth creation,and the willingness to encourage and support private ownership.

Correct Answer
verified

What surprised many analysts was the _______ in which a recession,initially focused in the United States,turned into a global recession with economic contraction occurring worldwide.

Correct Answer
verified

What should a strategic assessment for an organization consider for shifting to a global presence?

Correct Answer
verified
Shifting to a global presence for an org...
View Answer

Exam 3: The Global Marketplace

The strategy of global marketing involves selling the same product in essentially the same way everywhere in the world.

Correct AnswerverifiedShow Answer

What is happening to the standard of living for the billions of people in the "Emerging Markets"?

Correct AnswerverifiedShow Answer

Which of the following is NOT one of the six fundamentals which governments globally need to commit to,are the following:

Correct AnswerverifiedShow Answer

Why do some organizations look globally to ensure their portfolios add resources? Provide an example.

The outlook for growth in global trade appears to be:

Correct AnswerverifiedShow Answer

Direct investment is the least risky and least expensive way to participate in foreign trade.

Correct AnswerverifiedShow Answer

When competing in global markets,business organizations can choose among a variety of ways to reach foreign buyers.

Correct AnswerverifiedShow Answer

How many countries in The European Union use the Euro as a common currency?

Correct AnswerverifiedC

Non-tariff barriers can be just as detrimental to free trade as tariffs.

Correct AnswerverifiedShow Answer

Trade occurs between _________.

Correct AnswerverifiedShow Answer

____________ is the selling of goods and services to other countries.

Correct AnswerverifiedShow Answer

Effective marketing strategies focus on the product and ignore the socio-cultural differences in the global environment.

Correct AnswerverifiedShow Answer

For firms interested in global markets,investments in China are considered to be:

Correct AnswerverifiedShow Answer

Which of the following is NOT a reason that the United States dollar remains the benchmark currency?

Correct AnswerverifiedShow Answer

The search for new markets is not __________,with developing economy companies also looking to export to fully-developed economies,such as the U.S.and Canada.

Correct AnswerverifiedShow Answer

Which of the following terms describes the set of values,beliefs,rules,language,and institutions held by a specific group of people?

Correct AnswerverifiedA

An import quota is a complete ban on the import or export of certain products.

Correct AnswerverifiedShow Answer

_______ refers to the need for developing economies to maintain a focus on the core elements of an open economy -those being the law of supply and demand,encouragement of entrepreneurship and wealth creation,and the willingness to encourage and support private ownership.

Correct AnswerverifiedShow Answer

What surprised many analysts was the _______ in which a recession,initially focused in the United States,turned into a global recession with economic contraction occurring worldwide.

Correct AnswerverifiedShow Answer

What should a strategic assessment for an organization consider for shifting to a global presence?

Correct AnswerverifiedShifting to a global presence for an org...View AnswerShow Answer

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C

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A

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Shifting to a global presence for an org...
View Answer