BCOR 350 CH 19 TEST QUESTIONS AND ANSWERS ALL CORRECT
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Module
BCOR 350
Institution
BCOR 350
BCOR 350 CH 19 TEST QUESTIONS AND ANSWERS ALL CORRECT
Which organization was designed to reassess trade barriers, establish new rules for international trade, impose international trade sanctions, and mediate global trade disputes? - Answer-The World Trade Organization (WTO)
What are the two ec...
BCOR 350 CH 19 TEST QUESTIONS
AND ANSWERS ALL CORRECT
Which organization was designed to reassess trade barriers, establish new rules for
international trade, impose international trade sanctions, and mediate global trade
disputes? - Answer-The World Trade Organization (WTO)
What are the two economic factors that reflect a country's attractiveness as a market? -
Answer-Industrial structure and income distribution
Free trade zones can be described as __________. - Answer-groups of nations
organized to work toward common goals in the regulation of international trade
Which type of industrial structure offers the fewest marketing opportunities? - Answer-
Subsistence economies
To assess the impact of __________ on global markets, marketers would look to a
country's norms, folkways, and taboos. - Answer-culture
Nations that have too little hard currency to pay for their purchases from other countries
will often use which method of international trade? - Answer-Barter
A country's attractiveness depends on the product, geographical factors, income and
population, political climate, and other considerations. These factors relate to the
importance of which of the following decisions? - Answer-The types of countries to enter
What is the simplest way to enter a foreign market? - Answer-Through exporting
Which joint venturing method typically involves fees and royalty payments? - Answer-
Licensing
Which market entry strategy has the greatest amount of commitment, risk, control, and
profit potential? - Answer-Direct investment
One market entry strategy is __________, in which the company makes agreements
with companies in the foreign market to produce its product or provide its service. -
Answer-contract manufacturing
What is the main disadvantage of direct investment? - Answer-The risks the firm faces
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