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Quiz - Wk 2 - Global Marketing

Total questions: 10

Worksheet time: 15mins

Name
Class
Date
1.

Global marketing is a set of marketing activities outside the home market

a)

True

b)

False

2.

What is the difference between market capitalism and market socialism?

a)

Capitalism = private owned resource, socialism = monarch owned resource

b)

Capitalism = private owned resource, socialism = state owned resource

3.

According to the World Bank, below are the categories of development except

a)

Low-Income Countries

b)

Lower-Middle-Income Countries

c)

Upper-Middle-Income Countries

d)

Wealthy-income Countries

4.

The World Trade Organization (WTO) plays a key role in facilitating global trade relations

a)

True

b)

False

5.

The OECD aims for sustainable economic growth and the economic and social well-being. What does OECD stand for?

a)

Organisation for Economic Co-operation and Development

b)

Organisation for Environment Competition and Development

c)

Organisation for Economic Co-creation and Diversification

d)

Organisation of European Countries for Development

6.

This picture portrays the Preferential Trade Agreements hierarchy. What is number 1 and 4?

a)

1 = Free Trade Area, 4 = Economic Union

b)

1 = Economic Union, 4 = Free Trade Area

c)

1 = Common Trade Area, 4 = Customs Union Clearance

d)

1 = General Agreement on Tariffs and Trade, 4 = World Trade Organization

7.

NAFTA, the North American Free Trade Agreement, was a trilateral trade agreement between these countries, except

a)

United States

b)

Canada

c)

Greenland

d)

Mexico

8.

80% of US goods are duty free in Central American Integration System (SICA)

a)

True

b)

False

9.

Who has the largest port in South East Asia?

a)

Thailand

b)

Vietnam

c)

The Philippines

d)

Singapore

10.

The United Kingdom is part of European Union

a)

True

b)

False