Chapter 6 Assignment Flashcards
The United States wants to limit imports of European shoes by increasing the price of those shoes in the States. You advise your clients to ask the United States to
A) remove a tariff
B) remove a quota
C) impose a tariff
D) impose a quota
C) impose a tariff
U.S. beer manufacturers want to increase exports of beer to Canada by lowering the price of U.S. beer in Canada. For this to happen, you advise your clients to ask the United States to approach Canada about
A) remove a tariff
B) remove a quota
C) impose a tariff
D) impose a quota
A) remove a tariff
The United States wants to gain a larger share of the Japanese rice market by lowering U.S. rice prices in Japan. For this to happen, you advise your clients to ask the United States to approach Japan about
A) remove a tariff
B) remove a quota
C) impose a tariff
D) impose a quota
A) remove a tariff
The United States wants to protect its domestic sugar producers by limiting the supply of foreign sugar. Therefore, you advise your clients that they should suggest to the United States to
A) remove a tariff
B) remove a quota
C) impose a tariff
D) impose a quota
D) impose a quota
If the United States wanted to increase the supply of U.S. corn, cotton, and wheat in China, you would advise your clients to ask the United States to approach China about
A) remove a tariff
B) remove a quota
C) impose a tariff
D) impose a quota
B) remove a quota
If Joe to Go decides to produce its coffee beans domestically and sell them in India through a retail intermediary, this would be an example of
A) direct investment
B) direct exporting
C) indirect exporting
D) a joint venture
E) licensing
C) indirect exporting
If Joe to Go is willing to accept royalties or fees for the use of its coffee trademark and patents, it would be considering which strategy for international growth?
A) global growth
B) exporting
C) joint venture
D) direct investment
E) licensing
E) licensing
Five Bucks prefers to maintain greater control afforded by ________ and is willing to take on greater financial risk to continue its global expansion into India. By doing so, however, Five Bucks will also have to share the profits.
A) exporting
B) global growth
C) joint venture
D) direct investment
E) licensing
C) joint venture
Although it is the riskiest strategy, the advantages of ________ as a global market expansion strategy for Five Bucks would be cost savings, a better understanding of local market conditions, and fewer local restrictions.
A) exporting
B) global growth
C) joint venture
D) direct investment
E) licensing
D) direct investment
