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Homework answers / question archive / Question1)Which of the following statements is true of the World Trade Organization?         Question 2   ?Crimsom Corp

Question1)Which of the following statements is true of the World Trade Organization?         Question 2   ?Crimsom Corp

Business

Question1)Which of the following statements is true of the World Trade Organization?

 

 

 

 

Question 2

 

?Crimsom Corp., an electronics manufacturer in Mallowdeer, plans to enter a foreign market. It wants to establish its new office in Ostview. Which of the following is a qualitative factor that Crimsom Corp. should consider while choosing the new office location?

 

Question 3

 

?Which of the following trade barriers is established to protect the health and safety of citizens?

Correct!

 

Question 4

 

?_____ are new companies that are founded with an active global strategy and have sales, employees, and financing in different countries.

 

Question 5

 

Two factors that help companies determine the growth potential of foreign markets are purchasing power and foreign competitors.

 Question 6

 

?_____ is an agreement in which companies combine key resources, costs, risks, technology, and people.

Correct!

 

Question 7

 

Toasty Inc., a chain of fast food restaurants, uses the same recipes, menu, and policies in all its branches throughout the world. This is an example of global consistency.

 

Question 8

 

?Which of the following is an advantage of joint ventures?

 

Question 9

 

?Political uncertainty is the risk associated with:

 

Question 10

 

?_____ is the degree to which societies believe that individuals should be self-sufficient.

 

Question 11

 

?Which of the following is a disadvantage of wholly owned affiliates?

 

Question 12

 

?The two kinds of cooperative contracts are:

 

Question 13

 

?Which of the following is a disadvantage of exporting?

 

Question 14

 

?In the context of cross-cultural training, the practice of adapting to cultural differences is called:

 

Question 15

 

When conducting global business, companies should attempt to identify the two types of political risk that are political uncertainty and economic uncertainty.

 

Question 16

 

Adaptability screening is used to assess how well managers and their families are likely to adjust to foreign cultures.

 

Question 17

 

?_____ is a technique in which trainees are placed in an ethnic neighborhood for three to four hours to talk to residents about cultural differences.

Correct!

 

Question 18

 

?If companies focus too much on local adaptation, they run the risk of:

 

Question 19

 

Global new ventures are foreign offices, facilities, and manufacturing plants that are 100 percent owned by the parent company.

Correct!

 

Question 20

 

?Which of the following statements is true of the Maastricht Treaty of Europe?

 

Question 21

 

?A franchise is a collection of networked firms in which the manufacturer or marketer of a product or service licenses the entire business to another person or organization called the _____.

Correct!

 

Question 22

 

?_____ can help reduce uncertainty about how to act and decrease misunderstandings between expatriates and their families and locals.

 

Question 23

 

?Which of the following is a regional trade agreement between most European countries?

Correct!

 

Question 24

 

? _____ are foreign offices, facilities, and manufacturing plants that are 100 percent owned by the parent company.

 

Question 25

 

Local adaptation is typically preferred by managers who are charged with making the international business successful in their countries, whereas managers at company headquarters value global consistency because it simplifies decisions.

 

 

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