2. e) A trading company assumes the international marketing functions on behalf of producers or those less experienced with international business. They are high volume, low margin re-sellers.
3. b) Counter trading happens typically in less developed countries where goods are exchanged for other goods rather than currency. A major risk involved is the value of product especially when the exchanged goods have highly volatile prices.
4. a) An agent acts as a representative of a foreign client and earns commission on concluded sales in the international market.
5. d)
6. a) A situation where a financial shock in one economy spreads out and affects other global players through international markets or price movements or the exchange rate etc.
7. d)
International business IB210 An intermediary that engages in import and export of a variety of com...
Select one of the following entry strategies: Export/Import Business Licensing Franchising Strategic Alliances Joint Ventures Foreign Acquisitions Wholly – Owned Foreign Subsidiaries Provide a real-world example of an organization that experienced the choice you selected. Explain the entry strategies taken by the organization. 200-250 words please
C. Export commission agents D. Overseas merchants E. Two of the above 41. A contractual arrangement in which one firm grants access to its patents, trad for a fee is: e secrets, or technology to another A. an exporter. B. a sales company. C. a management contract. D. a joint venture. E. none of the above. 42. By means of a licensing agreement: set up a subsidiary in that A. an international firm receives permission from a foreign government t...
11.)__________________ refers to a foreign government’s takeover of company assets such as land and goods with compensation that tend to fall short of their market value. Select one: a. Confiscation b. Domestication c. Nationalization d. Expropriation e. None of the above 12.)A major objective of any state government wishing to support businesses that will be exporting or relocating to the United States (specifically, within their state) is Select one: a. opening more hotels/motels b. gaining control of multinational corporations c....
One of the major objectives that motivates companies to engage in international business is to: A. reduce the risk of being exposed to a given market. B. evade taxation in foreign markets. C. engage in corporate social responsibility. D. understand local businesses.
1.) One way to characterize the nature of a government is by its __________________. Select one: a. business ideology b. social ideology c. ethnic ideology d. regional ideology e. political ideology 2.) The ultimate government involvement in trade is when the government Select one: a. itself is the customer b. gives tax breaks to businesses c. prevents competition d. controls the foreign competition with tariffs e. allows domestic businesses to bribe in foreign countries so they can remain competitive 3.)...
firm' c ars A) Conservative A NIVE TE INVEYE PractiveDelen D) Agressive Practive 2. The Globalization Process 1) The phase of the globalization process cha and exports to foreign buyers is called the A) domestic phase B) multinational phase Os international trade phase D) import-export banking phase 2) The authors describe the multinational phase of lovlivation for a firm e characterized by the ownership of assets and enterprises in foreign countries, B) potential for international competitors or suppliers even though...
Assume we have a closed economy, the following information for the third quarter of 2020 (assume export = import = net export = 0): • National income (excluding net export) = 517,536,000,000 SAR.• Consumption equal 222,526,000,000 SAR.• Government expenditures equal 140,199,000,000 SAR.Assume that the consumption tax rate is 15% (Value Added Tax) and 20% for capital (investment). Solve for the following if it is considered a closed economy:a- Tax revenue. there are two types of tax; sales tax (VAT) and capital...
ShopSmart’s International Growth Strategy ShopSmart, founded by in 1919 by Nick Smart, is a British multinational grocery and merchandise retailer. It is the largest grocery retailer in the United Kingdom, with a 28% share of the local market and the second largest after Walmart measured in revenue. In 2017, ShopSmart had sales of more than £62 billion ($70 billion US dollars), more than 480,000 employees and 6,553 stores in 13 countries. In its home market of the United Kingdom, the...
QUESTION 57 1 store because the company Souzia, a small tropical country, boycotted the products of an international clothing manufactures and exports some of its goods from Argonia, the country with which Souzia has long standing political problems. This boycott is an example of O a. acculturation b. nationalization c. a tariff d. a trade barrier e. patronization QUESTION 58 1 Protectionism is the use of trade barriers to protect local companies and their workers from copyright violations a. b....
I need help with the following business economics questions. I am stuck on them and would really like some help. 55. Which of the following is NOT a social or cultural barrier to international trade? a. Language b. Religious attitudes c. Per-capita income d. Values 56. Which is the most widely spoken language in the world? a. Mandarin Chinese b. Spanish c. Arabic d. English 57. The _______________ forbids U.S. companies from bribing foreign officials, political candidates, or government representatives....