GMS 522 MIDTERM TERMS EXAM QUESTIONS WITH COMPLETE SOLUTIONS
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Course
GMS522
Institution
GMS522
In Hofstede's framework the masculinity-femininity dimension captures: - Answer-Gender equity in the workplace
Jane had finally convinced the Board of Directors to pursue international marketing activities in the developing world. While the Board agreed Jane was told that in order to limit the r...
GMS 522 MIDTERM TERMS EXAM
QUESTIONS WITH COMPLETE
SOLUTIONS
In Hofstede's framework the masculinity-femininity dimension captures: - Answer-
Gender equity in the workplace
Jane had finally convinced the Board of Directors to pursue international marketing
activities in the developing world. While the Board agreed Jane was told that in order to
limit the risk of failure she had to focus on those countries with higher levels of social
and economic development. In order to identify such countries Jane should use: -
Answer-The Physical Quality of Life Index
The concept of ethnocentrism predicts what beliefs consumers will have based on a
predisposed set of criteria which scientists have proven are universal in all cultures. T/F
- Answer-FALSE
Companies interested in indirect exporting may find themselves approached by a(n)
______________________ based in their own home country working on behalf of a
foreign buyer. - Answer-Export buying agent
Bob worked for a conservative and well-financed Canadian manufacturing company.
The firm produced innovative high-capacity circuit boards (HCCB) for use in electronic
equipment. As head of international marketing Bob was responsible for increasing sales
outside the Canadian market and he had selected Europe as the company's strategic
focus. He was, however, concerned that a number of major competitors were also
targeting the European HCCB market. Bob desperately wanted to be the first-mover in
this space but was aware that rapid expansion could lead to a loss of control. Given the
above, Bob would most likely pursue: - Answer-acquisition of an existing European
manufacturer
Data on the KOF globalization index are presented below. Which country would be
considered the least integrated into the global economy? Summary KOF Scores: US -
74.88 Canada - 85.53 China - 59.37 Trinidad - 58.34 Rwanda - 39.54 - Answer-Rwanda
Export management companies are firms that assist other firms in marketing their
products in foreign markets. What is the generic term for such companies? - Answer-
Intermediaries
Voluntary export restraints have been used mainly in areas such as textiles,
automobiles, and steel and are intended to: - Answer-Help companies in the importing
nation survive
, Which theory has been criticized for its linear approach to the internationalization
process? - Answer-Uppsala Model
The form of economic integration where countries remove all barriers to trade among
themselves but each country maintains its own trade policy towards non-members is
called: - Answer-A free trade area
According to Dunning's OLI Framework a firm's foreign investment decisions are driven
by: - Answer-Ownership, Location and Internalization factors
Ainsworth, John and Peter are executives of a major petroleum company
headquartered in Calgary. They were very concerned about the investment they had
made in the Bolivian energy sector. News reports indicated that the Bolivian
government had sent in the army to take over the operation of all foreign owned oil
companies. There was little the executives could do but hope that the government's
intention was _______________ not _______________ and that their company would
at least receive some compensation. - Answer-Expropriation, Confiscation
Sweetie Inc, a global manufacturer of candy, was recently forced to relocate its
operations from southern Ontario to Mexico. While some importation was allowed new
rules introduced in Canada now placed restrictions on the amount of sugar Sweetie
could import from third world countries such as Mauritius. Sweetie and a number of
other confectionary manufacturers had already lobbied Ottawa for a reversal of the rule,
but to no avail. In Mexico there were no restrictions on sugar imports. Sweetie's
relocation to Mexico was caused by - Answer-Government quotas
In the fall of 2012 Toyota Motor Corp. reported that its sales in China had declined by
49% from a year earlier while Honda Motor Co. reported that its sales in China had slid
by 41%. Suzuki Motor Corp., another Japanese firm, saw its shipments to dealerships in
China fall by 43% over the same month the previous year. The poor sales performance
of these Japanese companies in China has been linked to a territorial dispute between
the two countries over two East China Sea islands and has resulted in violent protests
in both countries. The poor sales performance of Japanese auto manufacturers in China
is the result of _________________________________. - Answer-Chinese boycott of
Japanese products
With a _______________ internationalization strategy country selection is based on
market potential and not psychic distance. - Answer-Sprinkler
The Mexican ambassador to Canada knew exactly why he was being asked to attend a
meeting in Ottawa. Mexican vegetable farmers were rumored to be subsidized by their
government. Canadian farmers in British Columbia and Ontario (two Canadian
provinces) had complained to the Canadian government calling for the imposition of
________________ on Mexican imports. The Mexican ambassador knew that if he was
not careful in discussions with trade officials in Ottawa the matter could soon be before
the World Trade Organization. - Answer-Countervailing duties
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