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Exam 3: Competing in Global Markets

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Question 41

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One way to satisfy an unexpected increase in sales is through contract manufacturing.

A) True
B) False

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Question 42

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The Honda automobile assembly plant in Alliston,Ontario is an example of foreign direct investment in Canada.

A) True
B) False

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Question 43

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When entering a foreign market,Anheuser-Busch will contract with a local firm to brew and market the Anheuser-Busch product Budweiser.This is an example of:

Floating exchange rates can either have negative or positive impact on a company operating in global markets.

The president of the Auto Parts of Canada Corporation recently testified before a Parliament committee,urging them to limit the flow of imported automobile parts into Canada.She contended that these imports were priced lower than the foreign producers were charging in their own countries.She believed that these foreign producers were:

All of the following are advantages of free trade except:

Nestle is an example of a major firm with many foreign subsidiaries and a multinational corporation.

A global marketing strategy can be difficult to implement.

Only large firms have the resources needed to successfully compete in the global environment.

Which of the following terms describes the set of values,beliefs,rules,language,and institutions held by a specific group of people?

U.S.firms that produce sophisticated military hardware are prohibited from exporting that equipment to "unfriendly" governments,such as Iran.This complete ban on exporting sensitive technology to specific countries is an example of a(n) :

One reason countries trade with other countries is that even technologically advanced nations cannot produce all the products their people want and need.

When trading in global markets,most countries prefer to import more than they export.

Sociocultural forces that affect global businesses include customs,language,and religion.

The nation of Redland reported that their imports for the previous year were $4 billion greater than its exports.During the same period,Redland reported a favourable balance of payments.This information suggests:

Granting a foreign company the right to manufacture your product or to use your firm's trademark in return for a fee is called:

A _____________ is a regional group of countries that have no internal tariffs,a common external tariff,and the coordination of laws to facilitate exchange among the member countries.

Canadian companies operating in Latin America can run into problems with local employees because,

Which of the following countries was the prime mover behind NAFTA?

Canada has thousands of franchise units in many business categories.Name two.