International Market Selection Quiz

<p>The cost of a basket of goods should be the same in all countries when adjusted for exchange rates (D)</p> Signup and view all the answers

<p>Brand awareness (C)</p> Signup and view all the answers

<p>Harmonization of national environmental regulations (D)</p> Signup and view all the answers

<p>Attempting to limit tax liability by shifting location of income (C)</p> Signup and view all the answers

<p>Reduced domestic investment (B)</p> Signup and view all the answers

<p>A customs union establishes common external barriers (CETs) to trade. (C)</p> Signup and view all the answers

<p>Global Trade Organization (C)</p> Signup and view all the answers

<p>To distinguish a product from competing products. (B)</p> Signup and view all the answers

<p>Providing tax breaks to companies investing in renewable energy. (B)</p> Signup and view all the answers

<p>Global trends in consumer preferences (A)</p> Signup and view all the answers

<p>Uncertainty avoidance (A)</p> Signup and view all the answers

<p>Brown goods are generally associated with a stronger, positive growth rate. (C)</p> Signup and view all the answers

<p>Ignoring the cultural context of the target market. (D)</p> Signup and view all the answers

<p>Masculinity (A)</p> Signup and view all the answers

<p>Thorough understanding of the target market environment (D)</p> Signup and view all the answers

<p>It usually contributes to a faster growth rate. (B)</p> Signup and view all the answers

<p>High levels of income inequality. (A)</p> Signup and view all the answers

<p>{&quot;A&quot;: &quot;Gaining access to new technologies and markets without significant upfront investment.&quot;, &quot;B&quot;: &quot;Maintaining complete control over all aspects of the product's development.&quot;, &quot;C&quot;: &quot;Avoiding any risks associated with entering a new market.&quot;, &quot;D&quot;: &quot;Enjoying all profits generated by the licensee without sharing revenue.&quot;} (A)</p> Signup and view all the answers

<p>To protect local companies from competition. (C)</p> Signup and view all the answers

<p>Ad valorem tariff (B)</p> Signup and view all the answers

<p>Lower initial investment costs. (A)</p> Signup and view all the answers

<p>Limited ability to capitalize on economies of scale. (C)</p> Signup and view all the answers

<p>Import quota (C)</p> Signup and view all the answers

<p>Higher economic wealth generally leads to faster adoption rates. (B)</p> Signup and view all the answers

<p>Opportunity for rapid expansion. (A)</p> Signup and view all the answers

<p>Concentration (B)</p> Signup and view all the answers

<p>Increased market penetration through rapid expansion. (B)</p> Signup and view all the answers

<p>They are often used to address trade imbalances or political concerns. (A)</p> Signup and view all the answers

A type of trade bloc allowing free trade among members with common external tariffs.

A form of regional integration allowing free movement of goods, services, labor, and capital among member countries.

A region where member countries eliminate tariffs and trade barriers among themselves.

Uniform tariffs imposed by a customs union on imports from non-member countries.

Legal rights allowing creators to control and benefit from their inventions or brands.

Exclusive rights granted for an invention for a specific period, preventing others from making it without permission.

A unique sign, design, or expression that identifies products or services of a specific source.

Economic policy that restricts trade through tariffs and other barriers to protect local industries.

Process used by companies to choose foreign markets based on various determinants.

A humorous gauge of currency value based on the price of a Big Mac in different countries.

Economic theory estimating the value of currencies based on cost of goods in different countries.

The uncertainty and potential for loss due to changes in a country's political environment.

The estimated capacity a market has for future growth and profitability for a company.

Taxes imposed on imports to protect local companies from competition.

Charges on particular products based on weight or volume in local currency.

A tariff that is a percentage of the good's value.

Tariff imposed on goods from specific countries due to various reasons.

Market entry strategy focusing on concentrated entry into select markets sequentially.

Market entry strategy focused on entering multiple markets simultaneously.

Allows time for building resources, learning, and risk distribution.

High risk and need for more resources; quick entry can lead to failure.

Higher disposable income leads to faster adoption of new products.

Restrictions such as quotas or licenses that limit imports without direct taxation.

The unequal distribution of income among individuals in a population.

A cultural dimension that reflects how comfortable a society is with uncertainty and ambiguity.

Cultures that value traits such as achievement and assertiveness, leading to quicker adoption of power-symbolizing products.

Cultures influenced by Protestant values that often encourage innovation and material consumption.

Consumer electronics that typically experience faster growth than household appliances (white goods).

The slower growth of a product in a market that is already saturated with similar products.

The advantage of entering a market later, often leading to lower prices and increased attractiveness for consumers.

The process of selling and shipping goods to a foreign country, requiring tailored marketing strategies for international customers.