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BA 370 Exam ( QUESTIONS WITH CORRECT VERIFIED ANSWERS ) NEWEST EDITION 2024 / 100% GUARANTEED PASS

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  • BA 370
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  • BA 370

BA 370 Exam ( QUESTIONS WITH CORRECT VERIFIED ANSWERS ) NEWEST EDITION 2024 / 100% GUARANTEED PASS

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  • October 30, 2024
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  • Exam (elaborations)
  • Questions & answers
  • BA 370
  • BA 370
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BA 370 Exam ( QUESTIONS WITH CORRECT
VERIFIED ANSWERS ) NEWEST EDITION 2024 /
100% GUARANTEED PASS



Globalization - ANSWER process by which goos, services, capital, people. info, and ideas flow across
national borders



1. Economic Analysis

2. Infrastructure & Technological Analysis

3. Government Actions (or Inactions)

4. Sociocultural Analysis - ANSWER What are the 4 ways to assess global markets?



- General economic environment

- Market size and population growth

- Real income - ANSWER What are the 3 major factors of economic analysis?



Trade deficit - ANSWER country imports MORE goods than it exports (the U.S has this)



Trade surplus - ANSWER higher level of exports than imports; greater opportunity to export products to
more markets



Gross domestic product (GDP) - ANSWER the market value of the goods and services produced by a
country in a year

* the most widely used metric

,Gross National Income (GNI) - ANSWER consists of GDP plus the net income earned from investments
abroad

(minus any payments made to nonresidents who contribute to the domestic economy)



Purchasing Power Parity (PPP) - ANSWER if the exchange rates of 2 countries are in equilibrium, a
product purchased in one will cost the same in the other, if expressed in the same currency



Evaluating market size and population growth rate - ANSWER - growth has never been equally dispersed

- today, many LESS developed nations have rapid growth, while DEVELOPED nations have 0 or negative
pop. growth



Evaluating real income - ANSWER - need to change price to meet the unique needs of a particular
country market



Bottom of the pyramid - ANSWER consumers earn VERY LOW wages

- impoverished population still have wants and needs but cannot pay the prices for those goods



Infrastructure - ANSWER the basic facilities, services, and installations needed for a community or
society to function such as

- transportation and communication systems

- water and power lines

- public institutions (schools, post offices, etc.)



- Transportation

- Distribution channels

- Communications

- Commerce - ANSWER What are the 4 things in infrastructure?



Tariff (duty) - ANSWER tax levied on a good imported into a country

- RAISES PRICES AND LOWER DEMAND

, Quota - ANSWER designates the maximum quantity of a product that may be brought into a country
during a specified time period

- REDUCE availability of imported merchandise



Exchange control - ANSWER refers to the regulation of a country's currency exchange rate (or currency)



Exchange rate - ANSWER The measure of how much one currency is worth in relation to another



Trade agreement - ANSWER intergovernmental agreement designed to manage and promote trade
activities for specific regions



Trading Bloc - ANSWER consists of those countries that have signed a particular trade agreement



Power distance - ANSWER willingness to accept social inequality as natural

- Brazil is high

- U.S. is low



uncertainty avoidance - ANSWER tolerance for the unknown, ambiguity

- High: more rational, Japan

- Low: more risk-taking, U.S



Individualism - ANSWER obligation to and dependence on groups

- Low: Brazil (collectivistic)

- High: U.S., Australia, Canada, UK



Masculinity - ANSWER low means men and women are equal; nigh means men dominate in possessions
of power



Time-oreintation - ANSWER - Long: focused on the future

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