Question 1

The United States and Cuba are practicing what is known as economic sanctions when Cuban cigars are sold in the United States.

Accepted Answer

Economic sanctions refer to restrictions imposed by one country on another to limit trade and economic activity. The sale of Cuban cigars in the United States would indicate a lifting or absence of such sanctions, not the practice of them.

Question 2

In 2003,General Electric (GE)was named the world's most respected company for the sixth straight year in a worldwide survey of chief executives.Much of GE's success has come from its global operations.What market strategies did GE develop to earn this respect?

Accepted Answer

The answer of In 2003,General Electric (GE)was named the world's...

Question 3

The telephone system in Argentina is antiquated and is just starting to work properly after years of neglect by the government.What is this telling a marketer about Argentina,and why would a marketer need to know this?

Accepted Answer

The answer of The telephone system in Argentina is antiquated...

Question 4

Local content rules are a form of protectionism.Toyota has opened manufacturing plants in the United States and hires local workers to run these locations.Explain what the local content rules have to do with Toyota increasing their presence in the United States?

Accepted Answer

The answer of Local content rules are a form of...

Question 5

The United States,the United Kingdom,Canada,France,Italy,Germany,and Japan are the most economically developed countries in the world.What does this mean to a firm wanting to market their products internationally?

Accepted Answer

The answer of The United States,the United Kingdom,Canada,France,Italy,Germany,and Japan are...

Question 6

Russia implemented a roadblock strategy that limited the importing of meats in an effort to protect its own meat production industry.Explain this strategy.

Accepted Answer

The answer of Russia implemented a roadblock strategy that limited...

Question 7

Each industry sets import quotas for their products to determine their yearly production volume.

Accepted Answer

Import quotas are typically set by governments, not individual industries, to control the volume of goods imported into a country.

Question 8

Free Trade Areas of the Americas (FTAA)mediates trade disagreements between nations.

Accepted Answer

The Free Trade Area of the Americas (FTAA) was a proposed agreement to eliminate or reduce trade barriers among all countries in the Americas, but it was never finalized or implemented, so it does not mediate trade disagreements.

Question 9

Eastman Kodak accused Japanese rival Fujifilm Film of selling color photographic paper in the United States for as little as a quarter of what it charges in Japan.What unethical and often illegal practice was Kodak accusing Fujifilm of implementing? Explain your answer.

Accepted Answer

The answer of Eastman Kodak accused Japanese rival Fujifilm Film...

Question 10

The fact that the average tariff on most manufactured goods in developed nations is 87.6 percent shows how widespread the use of protectionism is.

Accepted Answer

The average tariff on manufactured goods in developed nations is typically much lower than 87.6 percent, often below 5 percent, indicating that protectionism is not as widespread as the statement suggests.

Question 11

A government in a South American country decided to expropriate a foreign company that was operating in the country.Explain expropriation.

Accepted Answer

The answer of A government in a South American country...

Question 12

What mistake prevented the success of Wal- Mart as it entered into the German market?

Accepted Answer

The answer of What mistake prevented the success of Wal-...

Question 13

The European Union (EU)has more than twenty country members.Many of the members use the same currency,the Euro.What is another name for the European Union (EU)? Explain your answer.

Accepted Answer

The answer of The European Union (EU)has more than twenty...

Question 14

In the international automobile industry,General Motors has alliances with Fiat Auto SpA,Fiat Heavy Industries,Isuzu Motors,and Suzuki Motor Corp.Why do you think these companies may have been eager to form joint ventures?

Accepted Answer

The answer of In the international automobile industry,General Motors has...

Question 15

The Federal Trade Commission (FTC)ordered KFC to stop running ads with false claims that its fried chicken is compatible with certain weight loss programs.What law gives the FTC the authority to stop KFC's marketing program and what law was KFC violating?

Accepted Answer

The answer of The Federal Trade Commission (FTC)ordered KFC to...

Question 16

The U.S.government proposed a tariff against some Chinese textiles and clothing when the trade deficit with China reached $103 billion.Explain what the United States was trying to do in taking this action?

Accepted Answer

The answer of The U.S.government proposed a tariff against some...

Question 17

Explain the three choices a firm like General Electric has in product decisions when selling in foreign markets?

Accepted Answer

The answer of Explain the three choices a firm like...

Question 18

"American consumers who purchase products made in other countries are responsible for putting their fellow Americans out of work." Marketing campaigns stressing the desirability of "buying American" are seeking to appeal to what consumer segment? Explain your answer.

Accepted Answer

The answer of "American consumers who purchase products made in...

Question 19

Three member countries of the North American Free Trade Agreement (NAFTA)are the United States,Canada,and Mexico.

Accepted Answer

NAFTA was a trade agreement between the United States, Canada, and Mexico that aimed to eliminate trade barriers and facilitate cross-border movement of goods and services among the three countries.

Question 20

The ViVi brand is a line of designer clothing for pregnant businesswomen.Assume its owner believes that professional women in other countries have a need for conservative maternity wear.Because the clothes are expensive,the economic health of the nations targeted for export is important.What means can the owner of the company use to measure a nation's economic health? Should the company assume these measures give an accurate assessment of a country's economy? Explain your answer.

Accepted Answer

The answer of The ViVi brand is a line of...

Quiz 3: Thriving in the Marketing Environment: the World Is Flat