Which of the following drivers of market globalization enables firms to engage in foreign currency transactions?
A) economic development
B) integration of world financial markets
C) market liberalization
D) reduction of barriers to investment
Question 2All of the following are important factors to consider when determining a product's potential in a foreign market except ________.
A) media contacts
B) buyer preferences
C) income levels
D) climate
Question 3In collaborative arrangements, when one partner cedes control to another partner, it is no longer responsible for problems.
Indicate whether the statement is true or false
Question 4Coordination methods include mutual adjustment, planning, and standardization.
Indicate whether the statement is true or false
Question 5Tariff-based trade barriers can benefit young domestic-based companies by ________.
A) allowing them time to expand and become competitive
B) providing them with government subsidies
C) instigating the growth of a solid infrastructure
D) generating domestic and international sales
Question 6Reduction in trade barriers is associated with the emergence of which of the following?
A) Japan's transition to a command economy
B) regional economic integration blocs
C) member defection from the WTO
D) violation of GATT provisions