Exercises for the ccomomie environment Multiple choices Which of the following organization works for a system of foreign exchange? International Development Association World Trade Organization International Monetary Fund Asian Pacific Economic Cooperation European Union 3.If a company is getting started for the first time in exporting.the questions should be answered except A.who buys our product B.what need of function does our product serve? C.how to improve the volume of our product selling? D.when is our product purchased? E.why is our product purchased? 4.Changed in exchange rates A.occur very infrequently.ifat all B.routinely reinforce the strength of the US dollar C.have little impact on international marketing efforts D.encourage travel abroad E.complicate the exchange of one nation's currency for another's 5.The reason for the difficulty in foreeasting foreign exchange rates is A.there are a multitude of factors and forces to determine rates which are not quantifiable B.exchange system is complicated C.foreign exchange rates are mainly affected by inflation D.we don't know how to adjust to offset price level difference E.cconomic analysis is hard to mark 6.There are economic factors influencing currency value in foreign exchange market except
Exercises for the economic environment Multiple choices Which of the following organization works for a system of foreign exchange? International Development Association World Trade Organization International Monetary Fund Asian Pacific Economic Cooperation European Union 3. If a company is getting started for the first time in exporting, the questions should be answered except_____. A. who buys our product B. what need of function does our product serve? C. how to improve the volume of our product selling? D. when is our product purchased? E. why is our product purchased? 4. Changed in exchange rates____. A. occur very infrequently, if at all B. routinely reinforce the strength of the US dollar C. have little impact on international marketing efforts D. encourage travel abroad E. complicate the exchange of one nation’s currency for another’s 5. The reason for the difficulty in forecasting foreign exchange rates is____. A. there are a multitude of factors and forces to determine rates, which are not quantifiable B. exchange system is complicated C. foreign exchange rates are mainly affected by inflation D. we don’t know how to adjust to offset price level difference E. economic analysis is hard to mark 6. There are economic factors influencing currency value in foreign exchange market except_____
A.balance of pryment B.expectations and opinions of analysts,trades,bankers,economist,and businesspeople C.foreign exchange reserves D.importance of currency in world finance and trade E.domestic inflation 7.This agreement among the United States,Canada,and Mexico removes trade restrictions among them over a period of 14 years It is called A.GATT B.MERCOSUR C.The EU D.NAFTA E SOMEPAN 8.Exporting occurs when a firm A.makes a continuous effort to market its produets to customers abroad B.permits a foreign company to produce and distribute its products C.shares the risks,costs,and management of its foreign operation with partners who are nationals of the foreign country D.maintains a separate marketing or selling operation in a foreign country E.acquires an existing firm in a foreign country 9.A company that buys product form domestic producers and resells them abroad, representing one of several alterative means of accessing foreign customers is an A.export management company B.export trading company C.export assistance corporation D.export facilitation organization E.export title company 10.Manufacturing or marketing facilities owned by a domestic firm but located in a foreign country are called A.foreign ventures B.inernational direct investment C.regular imvestment D.joint investments E.global ventures IⅡ.True or false Soft currencies can readily be exchanged for other currencies.while hard currencies are not so easaly exchanged
A. balance of payment B. expectations and opinions of analysts, trades, bankers, economist, and businesspeople C. foreign exchange reserves D. importance of currency in world finance and trade E. domestic inflation 7. This agreement among the United States, Canada, and Mexico removes trade restrictions among them over a period of 14 years. It is called____. A. GATT B. MERCOSUR C. The EU D. NAFTA E. SOMEPAN 8. Exporting occurs when a firm____. A. makes a continuous effort to market its products to customers abroad B. permits a foreign company to produce and distribute its products C. shares the risks, costs, and management of its foreign operation with partners who are nationals of the foreign country D. maintains a separate marketing or selling operation in a foreign country E. acquires an existing firm in a foreign country 9. A company that buys product form domestic producers and resells them abroad, representing one of several alterative means of accessing foreign customers, is an___. A. export management company B. export trading company C. export assistance corporation D. export facilitation organization E. export title company 10. Manufacturing or marketing facilities owned by a domestic firm but located in a foreign country are called____. A. foreign ventures B. international direct investment C. regular investment D. joint investments E. global ventures II. True or false Soft currencies can readily be exchanged for other currencies, while hard currencies are not so easily exchanged
Foreign licensing grants foreign marketers the right to use a domestc compary's trademark. patent,or process in a specified geographie area A multinatioel corporation is a firm that has entered the international marketplace by exporting its products to foreign market Though the first multinational corporation were US based,today it is as likely for a multinational to be Japanese.German,or British as to be American If it is believed that tasted are sufficiently homogeneous in different parts of the world to allow a standard marketing strategy everywhere.then a global marketing strategy is appropriate. Use of a straight extension marketing strategy usually results in cconomic of scale in production and marketing In a countertrade,goods and services from one country are exchanged for goods and services form another instead of for each Some marketing exchanges are still characterized by transaction-based marketing.such as residential real estate sales Traditionally,manufacturers have focused their energies on making products and then promoting those products to customers in hopes of selling enough of those products to cover costs and carn a profit Often,the desirability of partnering in the business market is baed upon the fact that cuch firm brings to the partnership sometime that the other needs but cannot provide Discussion In what way has the glohall economic changed in the last 50 years?Why?
Foreign licensing grants foreign marketers the right to use a domestic company’s trademark, patent, or process in a specified geographic area. A multinational corporation is a firm that has entered the international marketplace by exporting its products to foreign market Though the first multinational corporation were US based, today it is as likely for a multinational to be Japanese, German, or British as to be American If it is believed that tasted are sufficiently homogeneous in different parts of the world to allow a standard marketing strategy everywhere, then a global marketing strategy is appropriate. Use of a straight extension marketing strategy usually results in economic of scale in production and marketing In a countertrade, goods and services from one country are exchanged for goods and services form another instead of for each Some marketing exchanges are still characterized by transaction-based marketing, such as residential real estate sales Traditionally, manufacturers have focused their energies on making products and then promoting those products to customers in hopes of selling enough of those products to cover costs and earn a profit Often, the desirability of partnering in the business market is based upon the fact that each firm brings to the partnership sometime that the other needs but cannot provide Discussion In what way has the global economic changed in the last 50 years? Why?