International Business Quiz: Market Evaluation and Trade Agreements
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Questions and Answers

What does the Wiklund Method emphasize about country variables?

  • They should be ignored when selecting a market
  • They are not relevant in grading
  • The preferred ones relate to the industry (correct)
  • They don't affect the performance evaluation

    • In the context of trade agreements, what does MFN tariff stand for?

  • Market-Free Nations tariff
  • Minimum Freight Nations tariff
  • Major Foreign Nations tariff
  • Most Favored Nations tariff (correct)

    • What does the presence of high import barriers suggest?

  • The market is ideal for exporting
  • It might not be a suitable market to export to (correct)
  • There are no restrictions on imports
  • The market is open for all products

    • What is the purpose of labeling according to the text?

    <p>To protect the consumer</p> Signup and view all the answers

    What do quotas set in terms of imported products?

    <p>Precise quantities to be imported</p> Signup and view all the answers

    When should a business consider realizing a new product?

    <p>After establishing a solid local presence</p> Signup and view all the answers

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