Podcast
Questions and Answers
What is the primary role of International Agents?
What is the primary role of International Agents?
- To provide training and development for key employees
- To market on behalf of a business in a specific country (correct)
- To own a proportion of new businesses in international markets
- To set up joint ventures in foreign markets
What is the main characteristic of Turnkey Contracts?
What is the main characteristic of Turnkey Contracts?
- They focus on strategic alliances
- They primarily involve international sales subsidiaries
- They involve licensing agreements
- They are used to establish large plants (correct)
What is the key reason companies set up Joint Ventures?
What is the key reason companies set up Joint Ventures?
- To establish licensing agreements
- To gain entry to a foreign market (correct)
- To access international distributors
- To engage in internet exporting
Which mode of entry involves charging a fee for the use of technology and expertise?
Which mode of entry involves charging a fee for the use of technology and expertise?
What is the initial step often taken by organizations entering international marketing?
What is the initial step often taken by organizations entering international marketing?
What is the distinguishing factor of Strategic Alliances in international marketing?
What is the distinguishing factor of Strategic Alliances in international marketing?
What is the main explanation for why developed and developing countries benefit from international trade?
What is the main explanation for why developed and developing countries benefit from international trade?
What does eliminating tariffs on imports do?
What does eliminating tariffs on imports do?
Why is it often said that 'if goods do not cross frontiers, soldiers will'?
Why is it often said that 'if goods do not cross frontiers, soldiers will'?
What is one reason some trade theorists believe free trade may not always provide the best solution?
What is one reason some trade theorists believe free trade may not always provide the best solution?
Why are protectionism and unfair trade practices seen as beneficial for a country according to the text?
Why are protectionism and unfair trade practices seen as beneficial for a country according to the text?
How does trade contribute to improving managers' productivity according to the text?
How does trade contribute to improving managers' productivity according to the text?
Which economic theories have discussed the concept of free trade?
Which economic theories have discussed the concept of free trade?
Who developed the theory of comparative advantage in international trade?
Who developed the theory of comparative advantage in international trade?
What is the core idea behind the absolute advantage theory in international trade?
What is the core idea behind the absolute advantage theory in international trade?
How does openness to trade promote economic growth according to the text?
How does openness to trade promote economic growth according to the text?
Which of the following is NOT mentioned as a disadvantage of free trade in the text?
Which of the following is NOT mentioned as a disadvantage of free trade in the text?
What concept suggests that a country should specialize in producing goods where it has a lower opportunity cost compared to other countries?
What concept suggests that a country should specialize in producing goods where it has a lower opportunity cost compared to other countries?
What are some key risks involved in international business?
What are some key risks involved in international business?
What is an advantage of engaging in a joint venture?
What is an advantage of engaging in a joint venture?
Which of the following is a disadvantage of a joint venture?
Which of the following is a disadvantage of a joint venture?
What are some hidden costs mentioned in the text?
What are some hidden costs mentioned in the text?
Which of the following is NOT a risk involved in international business according to the text?
Which of the following is NOT a risk involved in international business according to the text?
What is one advantage of a joint venture mentioned in the text?
What is one advantage of a joint venture mentioned in the text?
What was the role of Italy in the development of Lex Mercatoria?
What was the role of Italy in the development of Lex Mercatoria?
How did Lex Mercatoria gain authority?
How did Lex Mercatoria gain authority?
What is the role of the International Chamber of Commerce (ICC)?
What is the role of the International Chamber of Commerce (ICC)?
What did the emperors do when they gained more authority regarding Lex Mercatoria?
What did the emperors do when they gained more authority regarding Lex Mercatoria?
In international trade and business law, what are the two main categories of treaties mentioned in the text?
In international trade and business law, what are the two main categories of treaties mentioned in the text?
What is the purpose of compiling international mercantile usages by the ICC?
What is the purpose of compiling international mercantile usages by the ICC?
