According to the text, which U.S. industry has recently come under scrutiny by the Chinese government for dumping activity?
a. Pharmaceuticals c. Computers
b. Newsprint d. Steel
Question 2Ronald sees a TV advertisement for the Omega Player, a media player that plays all known file formats. Though Ronald likes the product, he decides to wait for a few months before buying it as he is not sure if the player is going to be popular in the market. In this scenario, Ronald is considered an innovator.
Indicate whether the statement is true or false
Question 3Embargoes and sanctions are imposed by a ____ against (a) ____:
a. company; another company c. company; country
b. country; company d. country; another country
Question 4Which government branch is responsible for determining whether products are dumped on the U.S. market?
a. The Export-Import Bank c. The Ministry of Finance
b. The U.S. Department of Commerce d. The U.S. Foreign Trade Office
Question 5With a low-effort hierarchy of effects, the time between awareness of an innovation and its trial or adoption may be brief.
Indicate whether the statement is true or false
Question 6A(n) ____ is usually initiated as the result of an action group calling for a ban on consumption of all goods associated with a particular company and/or country.
a. boycott c. embargo
b. sanction d. voluntary export restraint
Question 7According to the World Trade Organization, dumping should be condemned if it
a. Threatens an established industry.
b. Delays the establishment of a viable domestic industry.
c. a and b.
d. None of the above.
Question 8Margaret refuses to upgrade her laptop to the latest version of the operating system because she is more comfortable with the current version. This can be considered a symbolic innovation.
Indicate whether the statement is true or false
Question 9Standards as barriers to trade are frequently used as barriers to:
a. imports c. exports
b. barter d. all of the above
Question 10How do regulators decide on whether or not a company is guilty of dumping activity?
a. The value of the product is based on production costs plus reasonable expenses.
b. The price is checked against the price charged within the exporting country.
c. The price is checked against similar products in a third country.
d. Any of the above methods may be used.
Question 11Cocreation is actively involving consumers in creating value through participation in new product development, among other marketing activities
Indicate whether the statement is true or false
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