Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

International Marketing > Extra Notes for Exam 1 > Flashcards

Extra Notes for Exam 1 Flashcards

1
Q

Four Trends Affecting Global Business

A
  1. Growth of the WTO & open trade agreements
  2. Developing countries heading toward free trade
  3. The Internet, cellular, and networked communication
  4. A mandate to manage the global environment for the future
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Largest exporting country in the world

A

China

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

What has to be adjusted when going international

A
  • Price
  • Product
  • Promotion
  • Place
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

What was the economic boom in North America

A
  • End of Cold War
  • late 90’s
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

What President was about peace

A

Woodrow Wilson

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

A good marketer asks/knows…

A
  • what
  • where
  • why
  • when
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Why does sales tax exist?

A

So the government can keep the money for themselves

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Who are the members of WTO

A

governments

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

Targeted fear

A

Nationalism -> All foreign countries

Targeted Animosity -> Specific countries

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

What does BP stand for?

A

It was Bezina Parse and now is British Petroleum

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

What percent of U.S is foreign-born

A

12%

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

Percentage of labor unionized in Germany

A

77%

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

Percentage of labor unionized in U.S.

A

12%

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

Foreign Corrupt Policies Act (FCPA)

A
  • 1976, President Carter
  • makes it illegal for countries to pay bribes to foreign officials, candidates, or political parties
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

Omnibus Trade and Competitiveness Act

A
  • Amendment to FCPA
  • Clarified two of the most troubling issues
  • Corporate officers’ liability was changed from having reason to know illegal payments were made TO knowing or authorizing illegal payments
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

Basis of determination for the jurisdiction of how U.S. antitrust laws apply

A

Interpretation of sections I and II of the Sherman Act

17
Q

The most severe Political Risk

A

Confiscation

18
Q

Economic Risks

A

restraints on business activity may be imposed under the banner of national security

19
Q

Types of Political Risks

A
  • confiscation
  • expropriation
  • domestication
20
Q

WIPA

A

World Intellectual Property Association

21
Q

3 U.S. trade organizations

A
  • International Trade Commission (ITC)
  • International Trade Administration (ITA)
  • United States Trade Representative (USTR)
22
Q

Can the U.S. fine another country?

A

No, they will instead pose U.S. law on foreign company

23
Q

Four Heitages

A
  1. Common law
  2. Civil law
  3. Islamic law
  4. Commercial law
24
Q

International Chambers of Commerce (ICC)

A

Composed of the National Chambers of Commerce

International Marketing (8 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2025 Bold Learning Solutions. Terms and Conditions