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REVIEW QUIZ FOR INTERNATIONAL BUSINESS

Total questions: 15

Worksheet time: 8mins

Name
Class
Date
1.

To take advantage of tax incentives is an ___________reason why companies venture into International Marketing.

a)

Internal

b)

External

c)

Not in the choices

2.

To find other markets when the form's products experiences a decline in sales is an _____________ reason.

a)

Internal

b)

External

c)

Not in the choices

3.

The 4 Ps pf Marketing are the uncontrollable factors in International Marketing

a)

True

b)

False

4.

WHAT ARE THE FACTORS WHERE DOMESTIC MARKETING AND INTERNATIONAL MARKETING DIFFER?

a)

CONSUMER

b)

FREE TRADE

c)

CURRENCY

d)

PRODUCT AND PACKAGING

5.

BIGGER COUNTRIES ARE MORE GLOBALIZED THAN SMALLER ONES

a)

TRUE

b)

FALSE

6.

(a)   IS THE WORLDWIDE COMING TOGETHER OF COUNTRIES AND NATIONS

7.

THIS MEANS A COUNTRY MUST PRODUCE AND EXPORT GOODS AND SERVICES FOR WHICH IT IS MORE RELATIVELY PRODUCTIVE AND IMPORT GOODS AND SERVICES TO WHICH OTHER COUNTRIES ARE MORE RELATIVELY PRODUCTIVE.

a)

THEORY OF ABSOLUTE ADVANTAGE

b)

THEORY OF COMPARATIVE ADVANTAGE

8.

THIS WAS POSTULATED BY DAVID RICARDO

a)

THEORY OF ABSOLUTE ADVANTAGE

b)

THEORY OF COMPARATIVE ADVANTAGE

9.

THEY LIMIT WORLD TRADE

a)

THEORY OF ABSOLUTE ADVANTAGE

b)

THEORY OF COMPARATIVE ADVANTAGE

c)

PROTECTIONISM

d)

BALANCE OF PAYMENT

e)

TRADE BARRIERS

10.

ONE OF THE REASONS WHY THIS WAS FORMULATED IS BECAUSE OF INDUSTRIALIZATION

a)

THEORY OF ABSOLUTE ADVANTAGE

b)

THEORY OF COMPARATIVE ADVANTAGE

c)

PROTECTIONISM

d)

BALANCE OF PAYMENT

e)

TRADE BARRIERS

11.

THIS IS AN INTERNATIONAL PRICE DISCRIMINATION PRACTICE

a)

INFANT INDUSTRY

b)

CONSERVATION OF NATURAL RESOURCES

c)

NATIONAL DEFENSE

d)

DUMPING

e)

RETALIATION

12.

ONE COUNTRY MAY IMPOSE TARIFF IF THE OTHER COUNTRY DID THE SAME THING TO IT.

a)

INFANT INDUSTRY

b)

CONSERVATION OF NATURAL RESOURCES

c)

NATIONAL DEFENSE

d)

DUMPING

e)

RETALIATION

13.

A TRADING BLOC WHERE COUNTRY MEMBERS UNIFY THEIR POLICIES TOWARD TRADE AND FACTOR MIGRATION

a)

FREE TRADE AREA

b)

CUSTOMS UNION

c)

COMMON MARKET AREA

d)

FULL ECONOMIC UNION

14.

TO TAKE ADVANTAGE OF IMPORT PROMOTION DRIVE IS AN _____________ REASON ON INTERNATIONAL MARKETING.

a)

INTERNAL

b)

EXTERNAL

15.

COUNTRIES WITH LOWER INCOME POPULATION TEND TO BE MORE GLOBALIZED THAN HIGHER INCOME ONES BECAUSE THEY CAN AFFORD FOREIGN PRODUCTS, TRAVEL AND COMMUNICATE WITH PEOPLE THEY MET ABROAD

a)

TRUE

b)

FALSE