YS > Int Mkt > Ch4: Country Selection and Entry Strategies

An economy in which most economic decisions are made in the marketplace is known as a ______.

• market economy

• planned economy

• command economy

• mixed economy

• stabilized economy

An example of a country with a strong command economy is ______.

• United States

• England

• Canada

• Germany

• Cuba

When the marketplace guides part of an economic system and the government runs the other part, this is called a ______.

• moderate economy

• mixed economy

• planned economy

• fixed economy

• stabilized economy

Which of the following is a BRIC country?

• Chile

• China

• Chad

• Colombia

• Cambodia

In which stage of Rostow’s model do manufacturing industries grow rapidly, and airports, roads and railways are built?

• traditional

• preconditions for take-off

• take-off

• the drive to maturity

• mass consumption

Which feature of transition economies is described by prices being set by supply and demand and removal of trade barriers?

• privatization

• liberalization

• budget reform

• maturation

• stabilization

Which of the following factors generate national competitive advantage according to Michael Porter’s theory?

• firm strategy, structure, and rivalry

• climate conditions

• international economics

• firm age

• firm size

A strong scientific community represents which of the following factors in the theory of national competitive advantage?

• demand conditions

• related and supporting industries

• factor conditions

• government

• supply conditions

If a technology can be easily copied without violating any laws, which exists?

• threat of new entrants

• threat of substitute products

• bargaining power of suppliers

• rivalry among competitors

• bargaining power of consumers

Consumer price sensitivity leads to increased ______.

• threat of new entrants

• threat of substitute products

• bargaining power of suppliers

• rivalry among competitors

• threat of governmental actions