Question 1

Which of the following is a demographic factor that a company should consider before deciding to enter an international market?

Accepted Answer

Population size and growth are demographic factors that can influence market potential and consumer demand in an international market.

Question 2

Which of the following is an economic factor that a company should consider before deciding to enter and international market?

Accepted Answer

The answer of Which of the following is an economic...

Question 3

Which of the following is an economic factor that a company should consider before deciding to enter an international market?

Accepted Answer

The answer of Which of the following is an economic...

Question 4

Which of the following is a geographic factor that a company should consider before deciding to enter and international market?

Accepted Answer

The answer of Which of the following is a geographic...

Question 5

Which type of business is unlikely to find it necessary to enter international markets in order to survive?

Accepted Answer

Small, local businesses are less likely to need to enter international markets to survive because they typically serve a specific, localized customer base and may not have the resources or need to expand globally.

Question 6

Very few market opportunities are available in a(n)________ economy.

Accepted Answer

The answer of Very few market opportunities are available in...

Question 7

When entering a foreign market,companies typically start with ________,working through independent international marketing intermediaries

Accepted Answer

The answer of When entering a foreign market,companies typically start...

Question 8

Countries with ________ economies may consist mostly of households with very low family incomes.

Accepted Answer

The answer of Countries with ________ economies may consist mostly...

Question 9

________ are major exporters of manufactured goods,services,and investment funds.They trade goods among themselves and export them to other types of economies for raw materials and semi-finished goods

Accepted Answer

The answer of ________ are major exporters of manufactured goods,services,and...

Question 10

The simplest way to enter a foreign market is through ________.

Accepted Answer

The answer of The simplest way to enter a foreign...

Question 11

It is important to understand how business norms vary from country to country.For example,________ like to sit or stand very close to each other when they talk business-in fact,almost nose to nose.

Accepted Answer

The answer of It is important to understand how business...

Question 12

Which of the following is a sociocultural factor that a company should consider before deciding to enter an international market?

Accepted Answer

Consumer lifestyles, beliefs, and values are sociocultural factors that influence consumer behavior and preferences, which a company must understand and adapt to when entering an international market.

Question 13

Demographic characteristics,geographic characteristics,economic factors,sociocultural factors,and political and legal factors all help a company ________.d

Accepted Answer

The answer of Demographic characteristics,geographic characteristics,economic factors,sociocultural factors,and political and...

Question 14

A(n)________ economy is poor in some ways but rich in one or more natural resources responsible for creating most of its exporting revenue.

Accepted Answer

The answer of A(n)________ economy is poor in some ways...

Question 15

Sometimes a country's government will create a ____________ by restricting the export of that currency.Buyers may accept this currency if they can buy other goods in that country that they need themselves or can sell elsewhere for a needed currency.

Accepted Answer

The answer of Sometimes a country's government will create a...

Question 16

Some social critics say that globalization really means ________ the world's cultures.

Accepted Answer

The answer of Some social critics say that globalization really...

Question 17

India needs more imports of raw materials,such as textiles,steel,and heavy machinery,and fewer imports of finished textiles,paper products,and automobiles.India is most likely a(n)________ economy.

Accepted Answer

The answer of India needs more imports of raw materials,such...

Question 18

Iran imported health products from Romania in exchange for crude oil.This is an example of which form of countertrade?

Accepted Answer

Barter involves the direct exchange of goods or services without the use of money, which is what is described in the scenario where Iran exchanges crude oil for health products from Romania.

Question 19

Which of the following is a political and legal factor that a company should consider before deciding to enter an international market?

Accepted Answer

Monetary and trade regulations are crucial political and legal factors that a company must consider when planning to enter an international market. These regulations can significantly affect how business is conducted, including import/export rules, currency exchange, and trade policies.

Question 20

Which of the following is a demographic factor that a company should consider before deciding to enter and international market?

Accepted Answer

Education is a demographic factor as it relates to the characteristics of the population, such as literacy rates and educational attainment, which can impact market potential and workforce skills.

Quiz 19: The Global Marketplace