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Global Marketing Study Set 1
Quiz 12: Pricing for International and Global Markets
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Question 21
True/False
National exhaustion provides that once a firm has sold its trademarked product in a specific country,it cannot restrict the further distribution of that product in that country.
Question 22
True/False
Governments often examine transfer prices carefully as they are often aimed at supporting parallel imports.
Question 23
True/False
CIF refers to credit,insurance,and freight.
Question 24
True/False
Free on board (FOB)designates that the seller is responsible for the costs of shipping and insuring a purchased product.
Question 25
True/False
Parallel imports are the import of illegal products through legal channels.
Question 26
True/False
Countertrade is popular among customers who prefer to pay with hard currency.
Question 27
True/False
CIF refers to cost,insurance,and freight.
Question 28
True/False
CFR refers to cost,freight and return.
Question 29
True/False
A South African law requires parallel importers to alert consumers to the fact that authorized dealers are under no obligation to honor the manufacturer warranty of a parallel import.
Question 30
True/False
Parallel imports are commonly used by MNCs to optimize global pricing.
Question 31
True/False
Free on board (FOB)designates that the buyer is responsible for the costs of shipping and insuring a purchased product.
Question 32
True/False
Companies try to accumulate more profits in a high-tax country in order to help governments increase tax revenue.
Question 33
True/False
An international transfer price is the price paid by the importing or buying unit of a firm to the exporting unit of the same firm.
Question 34
True/False
Firms can control parallel imports by reducing prices in higher priced markets and limiting supplies to wholesalers in lower priced markets.
Question 35
True/False
Parallel imports hurt governments because they do not pay taxes.
Question 36
True/False
When two currencies are involved,there is the risk that a change in exchange rates may occur between the invoicing date and the settlement date for the transaction.
Question 37
True/False
Compensation transactions are typical for large governmental purchases,such as defense projects,especially when a country wants to obtain some extra exports in exchange for the awarding of a contract.