CHAPTER 5 QUIZ

1. The ______is an agreement that was adopted in 1994 and has dramatically lowered trade barriers worldwide.

a. Doha Round

b. Bilateral Agreements

c. Mercosur

d. Uruguay Round

2. Differences in natural resources between countries can create which of the following?

a. international dependencies

b. huge shifts in wealth

c. export opportunities for countries with abundant resources

d. All of the above

3. Multinational Corporations comprise less than what percent of U.S. companies?

a. 5 percent

b. 25 percent

c. 1 percent

d. 50 percent

4. What are two countries of quickly growing interest to many multinational corporations of today?

a. Sweden and Denmark
b. The United States and Mexico

c. China and India

d. South Africa and France

5. ______recognizing and reacting to international marketing opportunities, using effective global marketing strategies, and being aware of threats from foreign competitors in all markets.

a. Global Vision

b. Global Market

c. Global Marketing

d. Environmental Market

6. A company that is heavily engaged in international trade, beyond exporting and importing can best be described as?

a. Gross Domestic Product

b. Multicultural Company

c. Multinational Corporation

d. Global Marketing Corporation

7. What type of marketing targets markets throughout the world?

a. Global

b. Niche

c. Situational

d. World

e. Universal

8. The total market value of all final goods and services produced in a country for a given time period is ______?

a. Gross National Product

b. Gross Domestic Product

c. Total Costs

d. Budget Deficit

e. Trade Deficit

9. What is a Tariff?

a. a limit on the specific amount of product that can enter a country

b. the exclusion of all of a certain product from a country

c. when several companies work together to form a common trade area

d. a tax levied on the goods entering a country

10. What was the main purpose of NAFTA?

a. to encourage trade with Eastern Europe

b. to provide for a rapidly expanding electronics market

c. to enforce quotas on imported goods

d. to facilitate trade with the Mexican market

Answers

  1. D
  2. D
  3. C
  4. C
  5. A
  6. C
  7. A
  8. B
  9. D
  10. D

Chapter 5 Questions – Group 5

1) Business negotiations that begin with long nights of dining, drinking, and entertainment occur in which country?

  1. England
  2. Japan
  3. Germany
  4. Switzerland

2) Which of the following is not a legal structure designed to either encourage or limit trade?

  1. Quota
  2. Tariff
  3. Boycott
  4. Market Agreement

3) Executives tend to see job outsourcing as:

A) negative

B) positive

4) Which of these is a benefit of globalization?

A) expands economic freedom

B) spurs competition

C) raises the productivity and living standards of the people in that country

D) all of the above

5. ______is the production of uniform products that can be sold the same way all of the world.

A. global economy

B. culture

C. multidomestic strategy

D. global marketing standardization

6. The Uruguay Round made several major changes in world trading practices in which of the following:

A. Financial, Legal, and Accounting Services

B. Textiles and Apparel

C. Agriculture

D. All of the above

7. ______is selling domestically produced products to buyers in other countries.

A. Exporting

B. Importing

C. Deporting

D. Advertising

8) All of the following are challenges that marketers are facing today, except

A) Rapid spread of new technologies around the world

B) Rising product development costs

C) Increasing inability to satisfy the changing wants and needs of consumers

D) Reduced shelf life for products

9) Methods of entering the global marketplace include

A) Exporting

B) Formation of strategic alliances

C) Joint ventures

D) All of the above

10) Which country has the largest economy in the world?

A) The United States
B) Japan
C) Germany
D) China

1-B

2-D

3-B

4-D

5-D

6-D

7-A

8-C

9-D

10-A