Intl Biz 4

Question 0

Compared to their German and Japanese competitors, many US firms are — when they seek export opportunities.

Answer 0

Information disadvantaged

Question 1

The text claims that in the US it is generally — firms that tend to be proactive about seeking opportunities for profitable export.

Answer 1

Large firms

Question 2

What type of export specialists act as the export marketing department or international department for their client firms?

Answer 2

Export management companies

Question 3

What two categories do drafts fall in?

Answer 3

Sight drafts and time drafts

Question 4

What purposes does a bill of lading serve?

Answer 4

Contract, document of title, and receipt.

Question 5

Who provides export credit insurance?

Answer 5

Foreign Credit Insurance Association

Question 6

Switch trading occurs when…

Answer 6

A specialized third party trading house is used in a countertrade arrangement

Question 7

What is the standard to assure the quality of products entering the European market?

Answer 7

ISO 9000

Question 8

What do business do if the fixed costs of setting up a manufacturing plant are so high?

Answer 8

Operate from a single location or very few locations.

Question 9

Define flexible manufacturing technologies

Answer 9

Technologies that provide a company the ability to produce a wider variety of end products at a unit that at one time could be achieved only through the mass production of a standardized output.

Question 10

What two product factors affect location decisions?

Answer 10

The products value to weight ratio and whether the product serves universal needs.

Question 11

When is decentralization of manufacturing the most appropriate?

Answer 11

When trade barriers are high.

Question 12

what are the three advantages of fine component parts from foreign suppliers?

Answer 12

it gives the firm greater flexibility, help drive down the firms cost structure, and it helps the firm to capture orders from internal customers.

Question 13

What is a major drawback to global supply chain based on JIT principles?

Answer 13

The firm will have a buffer stock of inventory.

Question 14

Who made the argument in 1983, “gone are the differences and national original preferences. The commonality of preference leads inescapably to the standardization of products, manufacturing, and the institutions of trading commerce.”

Answer 14

Theodore Levitt

Question 15

What are the main differences among countries distribution systems?

Answer 15

Channel length, channel exclusivity, Channel quality, and retail concentration.

Question 16

what are three potentially critical variables that can jeopardize the effectiveness of a firms international communication efforts?

Answer 16

Cultural barriers, noise levels, and source effects.

Question 17

When do pull strategies tend to be emphasized?

Answer 17

They tend to be emphasized for consumer goods, when distribution channels are long, And when print electronic media are available to carry the marketing message.

Question 18

What are the two main arguments against global advertising?

Answer 18

Cultural differences among nations are such that a message that works in one nation can fill in another; country differences and advertising regulations may block implementation of global messages.

Question 19

What two conditions are necessary for profitable international price discrimination?

Answer 19

The firmest be able to keep its national markets separate and there must exist different price elasticities of demand in different countries.

Question 20

What two criteria’s must be met for a country to be allowed to bring in antidumping actions against an importer?

Answer 20

Sales are being made it less than fair market value; and when material injury is done to domestic industry.

Question 21

For a multinational membership team to function effectively the team should…

Answer 21

Be led by a high status person in the organization, be comprised of at least one member from each key business function, be located and one place where members can be with each other.

Question 22

What are the three types of staffing policies and international business?

Answer 22

Ethnocentric approach, polycentric approach, and geocentric approach.

Question 23

What international strategy is most compatible with the polycentric staffing policy?

Answer 23

Localization strategy.

Question 24

What percentage of US multinationals experience expatriate failures of a rate of 10% or more?

Answer 24

76% of expatriates.

Question 25

What are the four dimensions that seem to predict success and expatriate selection?

Answer 25

Others orientation, perceptual ability, cultural toughness, and self orientation.

Question 26

What type of training is aimed at helping in a speech at manager and their family is themselves into day-to-day life in host country?

Answer 26

Practical training.

Question 27

What is the most common approach to an expatriate pay?

Answer 27

Balance sheet.

Question 28

What does a multinational enterprise typically do when a reciprocal text treaty is not in force?

Answer 28

It pays the expatriates income tax in the host country

Question 29

How did organized labor response to the increased bargaining power of MNEs?

Answer 29

They tried to establish international labor organizations.