Question 1
Subject:BusinessPrice: Bought3
Question 1. Question :
Olive oil made in Italy and sold in the United States is an example of which of the following?
Global brand
U.S. export
U.S. import
Standardized product
Question 2. Question :
Tacky Toys, a U.S.-based toy retailer, buys all its merchandise from Mushi Toys, a Japan-based toy manufacturer with production facilities in 12 nations. Mushi Toys markets its toys globally without modification. Mushi Toys selling its products to Tacky Toys is an example of ________.
importing
bartering
exporting
globalization
Question 3. Question :
Which of the following is most likely not an effect of globalization?
Increases in the variety of capital flows across national borders
Increases in the economic isolation of developing countries
Increases in the rate at which products are diffused worldwide
Increases in the volume of cross-border transactions
Question 4. Question :
Which of the following are products marketed in all countries essentially without any changes?
National products
Adapted products
Global products
Locally responsive products
Question 5. Question :
Two major forces that underlie the expansion of globalization are ________ and ________.
deregulation of tourism; the rise of nationalism
economic interdependence; the decline of international organizations
trade barriers; political unrest
falling barriers to trade and investment; technological innovation
