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)?

    <p>To promote global economic growth and stability</p> Signup and view all the answers

    What is the main function of the World Bank?

    <p>To provide loans and grants to developing countries</p> Signup and view all the answers

    What is the purpose of trading blocs or common markets?

    <p>To promote trading among member nations in a specific region</p> 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?

    <p>Licensing</p> Signup and view all the answers

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

    <p>Foreign direct investment (FDI)</p> Signup and view all the answers

    What are multinational companies (MNC's)?

    <p>Companies with operations in more than one country</p> Signup and view all the answers

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

    <p>Exporting</p> Signup and view all the answers

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