Marketing Study Set 5

Which of the following describes the WTO?

Which of the following is an example of a nontariff trade barrier?

An emerging economy is one which _.

Which type of economy consists mostly of households with very low family incomes?

Germany is an example of a(n) economy which is a major exporter of manufactured goods, services, and investment funds.

Which of the following is true of the World Trade Organization (WTO)?

Many companies including Gillette and P&G, have shifted their sights to the so-called , the vast untapped market consisting of the world's poorest consumers.

Which type of economy consumes most of its output and barters the rest for simple goods and services?

Which of the following is true of industrialized nations?

Which of the following statements is true of industrial economies?

The United States has occasionally placed this tax on certain imported Canadian products including steel and softwood. This action was designed to raise revenue or protect domestic firms and is referred to as a(n) .

Which of the following is true of economic communities?

A country may place a limit on the volume of imported citrus fruit that is allowed. This is an example of a(n) .

A country's shapes its product and service needs, income levels, and employment levels.

Which of the following is most likely true of a global firm?

Japan is a major exporter of manufactured goods, services, and investment funds. Japan also exports its goods to other types of economies for raw materials and semi-finished goods. This is an example of a(n) _ economy.

In 1994, the established a free trade zone among the United States, Mexico, and Canada.

A multinational company may face nontariff trade barriers that include biases against its bids, restrictive product standards, or excessive host-country regulations.

Walmart's decision to suspend its planned expansion into India's huge but fragmented retail market due to obstacles put in place by the host nation to protect its mom-and-pop retailers is an example of .

Tariffs and duties are often used to force favourable trade behaviours from other nations.