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WorksheetsChapter 4.2 Review
Total questions: 18
Worksheet time: 9mins
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
Which of the following is not a trade barrier?
Tariff
Quota
Embargo
Export
Which of the following is a global marketing strategy?
Protectionism
Corporate
Adaptation
Goods
Technology is changing the ways that businesses can get involved in international trade.
True
False
Which of the following allows a foreign company to create a product using the information provided by the licensor?
Contract Manufacturing
Licensing
Joint Venture
Globalization
Which country do a lot of businesses not invest in due to labor policies?
France
Germany
Italy
England
Which of the following is a huge political factor that could deter a country from doing business in their country?
Labor Force
Infrastructure
Government Stability
Taxes
Which of the following global marketing strategies reaches a very specific target market?
Customization
Globalization
Adaptation
All of the Above
What is a major benefit of doing business internationally?
Joint Venture
Lower Wages
Higher Prices
Trade Agreements
