Chapter 4.2 Review

Hiring a foreign manufacturer to make products according to a company's specifications is known as which of the following?

• Joint Venture

• Contract Manufacturing

• Adaptation

• Customization

When a domestic company and a foreign company do business together this is known as which of the following?

• Multinationals

• Mini-Nationals

• Joint Venture

• Adaptation

Joint ventures can lead to the establishment of a business in a foreign country. This is an example of which of the following?

• Foreign Direct Investment (FDI)

• World Trade Organization (WTO)

• North American Free Trade Agreement (NAFTA)

• European Union (EU)

Large corporations that have operations in several countries are known as which of the following?

• Mini-Nationals

• Multinationals

• Adaptation

• Customization

Midsize or smaller companies that have operations in foreign countries are known as which of the following?

• Mini-Nationals

• Multinationals

• Joint Venture

• Contract Manufacturing

A governments stability is not important when considering doing business internationally.

• True

• False

What is considered mass marketing on a global scale?

• Adaptation

• Customization

• Protectionism

• Globalization

When a company takes an existing product and makes changes to it to remain consistent with the times it is known as which of the following?

• Adaptation

• Globalization

• Customization

• Protectionism

When using NikeID.com you are able to design shoes however you would like, this is an act of ___________________.

• Adaptation

• Customization

• Globalization

• Protectionism

Adaptation and customization are examples of mass marketing on a global scale.

• True

• False