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International Trade Organizations and Trading Blocs Quiz

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Questions and Answers

What strategic approach to international markets involves creating highly independent operating units in each new country?

Global strategy
Multidomestic strategy (correct)
Regional strategy
Transnational strategy

What strategic approach to international markets involves the headquarters in the home country making all the major decisions?

Transnational strategy
Regional strategy
Multidomestic strategy
Global strategy (correct)

What strategic approach to international markets reaps the benefits of international scale while being responsive to local market dynamics?

Regional strategy
Transnational strategy (correct)
Global strategy
Multidomestic strategy

What is the purpose of international trade organizations like the International Monetary Fund (IMF)?

To promote global economic growth and stability (C) Signup and view all the answers

What is the main function of the World Bank?

To provide loans and grants to developing countries (B) Signup and view all the answers

What is the purpose of trading blocs or common markets?

To promote trading among member nations in a specific region (D) Signup and view all the answers

What is the term for the agreement to produce and market another company's product in exchange for a royalty or fee?

Licensing (D) Signup and view all the answers

What is the term for the investment of money by companies in domestic business enterprise?

Foreign direct investment (FDI) (D) Signup and view all the answers

What are multinational companies (MNC's)?

Companies with operations in more than one country (D) Signup and view all the answers

What is the term for the selling of goods and services to a client in another country?

Exporting (C) Signup and view all the answers

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