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Chapter 4.2 Review

Total questions: 18

Worksheet time: 9mins

Name
Class
Date
1.

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

a)

Joint Venture

b)

Contract Manufacturing

c)

Adaptation

d)

Customization

2.

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

a)

Multinationals

b)

Mini-Nationals

c)

Joint Venture

d)

Adaptation

3.

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

a)

Foreign Direct Investment (FDI)

b)

World Trade Organization (WTO)

c)

North American Free Trade Agreement (NAFTA)

d)

European Union (EU)

4.

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

a)

Mini-Nationals

b)

Multinationals

c)

Adaptation

d)

Customization

5.

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

a)

Mini-Nationals

b)

Multinationals

c)

Joint Venture

d)

Contract Manufacturing

6.

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

a)

True

b)

False

7.

What is considered mass marketing on a global scale?

a)

Adaptation

b)

Customization

c)

Protectionism

d)

Globalization

8.

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?

a)

Adaptation

b)

Globalization

c)

Customization

d)

Protectionism

9.

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

a)

Adaptation

b)

Customization

c)

Globalization

d)

Protectionism

10.

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

a)

True

b)

False

11.

Which of the following is not a trade barrier?

a)

Tariff

b)

Quota

c)

Embargo

d)

Export

12.

Which of the following is a global marketing strategy?

a)

Protectionism

b)

Corporate

c)

Adaptation

d)

Goods

13.

Technology is changing the ways that businesses can get involved in international trade.

a)

True

b)

False

14.

Which of the following allows a foreign company to create a product using the information provided by the licensor?

a)

Contract Manufacturing

b)

Licensing

c)

Joint Venture

d)

Globalization

15.

Which country do a lot of businesses not invest in due to labor policies?

a)

France

b)

Germany

c)

Italy

d)

England

16.

Which of the following is a huge political factor that could deter a country from doing business in their country?

a)

Labor Force

b)

Infrastructure

c)

Government Stability

d)

Taxes

17.

Which of the following global marketing strategies reaches a very specific target market?

a)

Customization

b)

Globalization

c)

Adaptation

d)

All of the Above

18.

What is a major benefit of doing business internationally?

a)

Joint Venture

b)

Lower Wages

c)

Higher Prices

d)

Trade Agreements