Chapter 1

Question 1

Is the performance of business activities designed to plan, price, promote, and direct the flow of a companies goods and services to consumers.

Answer 1

International Marketing

Question 2

Activities of international marketing

Answer 2

plan
price
promote
direct the flow of a company’s goods and services.

Question 3

3 ways on how to enter into foreign market:

Answer 3

Exporting
joint venture
Direct investments (FDI)

Question 4

types of exporting

Answer 4

Direct
Indirect

Question 5

Types of Joint Venture

Answer 5

Licensing
Management Contracting
Contract Manufacturing
Joint Ownership

Question 6

Reasons why going into international market :

Answer 6

Expand Market opportunities
Profit Potential
Increase Growth rate
Stability through diversification

Question 7

Different Environments to consider before entering into International Market:

Answer 7

1. Socio-Cultural Environment
2. Political & Legal Environment
3. Economic Environment

Question 8

types of barrier

Answer 8

tariff
non-tariff

Question 9

examples of non-tariff Barriers

Answer 9

Import & Export Licensing
‌Embargoes
‌Subsidies
‌Quotas
‌Voluntary Export Restraints
‌Boycotts

Question 10

NAFTA Meaning

Answer 10

North American Free Trade Agreement

Question 11

AFTA Meaning

Answer 11

American Free trade area

Question 12

Apec maening

Answer 12

Asia pacific economic cooperation conference

Question 13

constantly flows into and out of a country

Answer 13

money

Question 14

it records all financial transactions between a countrys firm and residents

Answer 14

balance of payments

Question 15

the Balance of payments is maintained on a ?

Answer 15

double-entry bookkeeping system

Question 16

a balance of payments statement includes three accounts:

Answer 16

Current Account
Capital Account
Reserves Account

Question 17

Is of primary interest to international business

Answer 17

Current Account

Question 18

A record of all merchandise exports, imports and services plus unilateral transfers of funds

Answer 18

Current Account

Question 19

A record of direct investments, portfolio investments

Answer 19

Capital Account

Question 20

A record of exports and imports of gold, increases or decreases in foreign exchange

Answer 20

Reserves Account

Question 21

although the world trade organization has been effective to some extent in reducing tariffs, countries still resort to measure of ?

Answer 21

protectionism

Question 22

Barriers used by countries to restrict the entry of unwanted goods

Answer 22

legal barriers
exchange barriers
psychological barriers

Question 23

six types of nontariff barriers

Answer 23

Specific limitations on trade
customs and administrative entry procedures
Standards
Government participation in trade
Charges on imports
Voluntary export restraints

Question 24

is a specific unit or dollar limit applied to a particular type of good

Answer 24

quota

Question 25

is called voluntary because the exporting country sets the limits

Answer 25

Voluntary Export restraints

Question 26

is an absolute restriction against the purchase and importation

Answer 26

Government Boycott

Question 27

is a refusal to sell to a specific country

Answer 27

Embargo

Question 28

can be either formal or informal and may be government sponsored or sponsored by an industry

Answer 28

Public Boycott

Question 29

can effectively regulate its international trade position by various forms of exchange-control restrictions

Answer 29

government

Question 30

two types of monetary barriers

Answer 30

blocked currency
government approval