When is it important to study the culture of a foreign market? Madison

When the language, habits & beliefs are very different

Defined Multi-domestic Strategy ?

A strategy regarding each country as their own market

what is a market economic system?

an economic system determined by free competition.

What are cultural norms? Madison

Cultural expectations, appearance, and behaviours

What is a subculture? Madison

A cultural group within a larger one

What are the riskiest types of international business? Spencer A

Joint Venture & Foreign Subsidiaries

Which of the following is not a transaction?

Receiving $30 from your parents to go to the movies

The four stages of the busines cycle are: Mike

Recession, Trough, Expansion, Peak

What is ethcial imperialism?

Certain universal values are standard across all countries

Licensing Agreements...: Spencer A

Give permission to use services, brands etc..

An absolute advantage is: Mike

The ability to make a product more efficeniently than others

In a market economy: Mike

coperations and people are encouraged to make a profit

Which countries make-up the Group of Seven (G7)?

France, US, Canada, Great Britain, Italy, Germany, Japan

Autocracy usually: Mike

Stives to controll all aspects of citzens lives

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Questions 33

Answers

1
When is it important to study the culture of a foreign market? Madison
When the language, habits & beliefs are very different
If the foreign market is over seas
When there is difference of religions
Never
2
Defined Multi-domestic Strategy ?
A combination of both A and B
A strategy regarding the world as one big market
None of the above
A strategy regarding each country as their own market
3
what is a market economic system?
both a & b
an economic system that is controlled by the government.
an economic system determined by free competition.
none of the above
4
What year was NAFTA launched: Ellen
1984
1994
1990
1978
5
What are cultural norms? Madison
The religion practiced within a culture
Topics banned within a specific culture
A culture without the presence of religion
Cultural expectations, appearance, and behaviours
6
What is a subculture? Madison
The dis belief in a culture
A joined culture between 2 countries
A cultural group within a larger one
A broad culture group
7
Developed contries are charecterized by: Mike
Major advancements in health care and technology
All of the above
High Literacy Rates
High standards of living
8
A(n) ______ is a product from a foreign market
import
export
service
good
9
Which of the following are ways for a business to considered an international business?
Export to businesses in another country
All of the above
Import from businesses in another country
Invest in another country
10
What is a negative effect of globalization
Spread of disease
Terrorism
None of the above
Immigration
11
What are the riskiest types of international business? Spencer A
Franchising & Purchasing Stock
Franchising & Foreign Subsidiaries
Joint Venture & Foreign Subsidiaries
Joint Venture & Franchising
12
Why do companies expand internationally? Spencer A
Canada is bad at business
Staff like to travel
it is easier to sell products
To expand sales territory
13
What is not an example of logistics?
transportation
inventory
trading
storage warehousing
14
Best example of a Joint Venture:Spencer A
Starbucks & Indigo
Sony & Ericsson
Tim Hortons & Burger King
Chapters and Best Buy
15
What country was just removed from the G7?
United Kingdom
Russia
France
Canada
16
What are Tax Treaties unable to do?
Finance Canada lists tax treaties with 91 countries
Determine how much tax each contry can collect
Prevent tariffs
Prevent double taxation
17
Which of the following is not a transaction?
Receiving $30 from your parents to go to the movies
Selling lemonade for $0.50 each
Using a credit card to buy chicken nuggets at KFC
Buying a computer from an electronics store
18
What is not one of the 4 P's
Place
Promotion
Production
Price
19
What is not exported from Canada: Spencer A
lumber
All of the above
cars
crude oil
20
The four stages of the busines cycle are: Mike
Trough, Peak, Recession, Expansion
Expansion, Peak, Trough, Recesion
Recession, Trough, Expansion, Peak
Recession, Expansion,Peak, Trough
21
This is not a positive effect of globalization?
Increased productive
Increase in the income gap
Lower Price
Outsourcing
22
What is ethcial imperialism?
Recognizing countries with ethical issues
Certain universal values are standard across all countries
Values of different cultures must be respected
None of the above
23
Licensing Agreements...: Spencer A
allow copying of patent without consent
A & C are correct
Are not wise because royalties cost too much
Give permission to use services, brands etc..
24
An absolute advantage is: Mike
being able to make all products efficently
The ability to make a product more efficeniently than others
having enough resources to make one product
Only being able to make 1 product
25
Which is not a disadvantage of the common currency?
Easy Billing
Loss of tradition
Lack of national control
Initial Cost
26
In a market economy: Mike
companies compete against one and other
coperations and people are encouraged to make a profit
All of the above
profit belongs the the government
27
Which countries make-up the Group of Seven (G7)?
Canada, US, South Korea, France, China, Germany, France
France, US, Canada, Great Britain, Italy, Germany, Japan
Canada, Brazil, US, Great Britain, China, France, Italy
US, Canada, Great Britain, CHina, Italy, GErmany, Brazil
28
Which is one of the two C's
Contract
Comparative Advantage
Corporation
Competition
29
A domestic business in Canada is:
a and b only
a)Owned by Canadians
b)Relies on Canadian products and services
c)An exchange of things of value
30
What is the positive effect of globalization
Lower Prices
Better Jobs
Innovation
All of the above
31
Which of the following is NOT a trade organization?
APEC
IMF
UN
WTO
32
Autocracy usually: Mike
Citizens have a strong influence on the government
Forces citzens to work
Has a weak military presence
Stives to controll all aspects of citzens lives
33
What marketing strategy does Harley Davidson use
Multidomestic
Global
Transnational
None of the above

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