SOLVED

51) Sellers might accept a(n) ________, one whose removal from the country is restricted by the buyer’s government, if they can buy other goods in that country that they need themselves or can sell elsewhere for a needed currency. A) blocked currency B) countervailing duty C) custom duty D) anti-dumping duty E) tariff 52) Which of the following involves the direct exchange of goods and services? A) cash transaction B) compensation C) buyback D) blocked currency E) barter 53) If Azerbaijan imported wheat from Romania in exchange for crude oil, and Vietnam exchanged rice for Philippine fertilizer and coconuts then these scenarios would be examples of ________. A) cash transaction B) compensation C) buyback D) blocked currency E) barter 54) Nike inadvertently offended Chinese officials when it ran an ad featuring LeBron James crushing a number of revered Chinese figures in a kung fu–themed television ad. As a result, Nike has to release a formal apology. This is an example of the impact of ________ on marketing strategy. A) culture B) political stability C) level of industrialization D) income distribution E) monetary regulations 55) Which of the following would a defender of globalization most likely use as an example to argue that concerns of Americanization are overblown and that globalization is indeed a two-way street? A) the view of McDonald’s being a domestic brand in China B) the growing popularity of coffee in China since the introduction of Starbucks C) the growing number of IKEA furniture stores in the United States D) the initial failure of Disneyland Paris E) the anti-globalization protests aimed at KFC 56) Which of the following is the LEAST critical decision a company should make before going abroad? A) Can the company learn to understand buyer behavior of consumers in other countries? B) Can the company offer competitively attractive products? C) Can the company adapt to other countries’ business cultures? D) How many foreign nationals should the company employ? E) Do the company’s managers have the necessary international experience? 57) Demographic characteristics, geographic characteristics, economic factors, sociocultural factors, and political and legal factors all help a company ________. A) determine a market’s potential B) determine a country’s degree of globalization C) evaluate its marketing objectives D) evaluate its value delivery network E) determine a country’s income distribution 58) Which of the following is a demographic factor that a company should consider before deciding to enter into a new country? A) transportation structure B) natural resources C) political stability D) languages E) education 59) Which of the following is a sociocultural factor that a company should consider before deciding to enter into a new country? A) political stability B) population density (urban vs. rural) C) education D) income distribution E) consumer lifestyles, beliefs, and values 60) Which of the following is a geographic factor that a company should consider before deciding to enter into a new country? A) climate B) population size C) GDP size and growth D) government bureaucracy E) business norms and approaches