Business

Automobile companies promote different car models in different countri

QUESTION Automobile companies promote different car models in different countries depending on a range of factors such as demographics, local taste, local fuel costs, income levels, traffic congestion, and cultural values. This most likely demonstrates that: A. significant differences still exist among national markets. B. cultural diversity has been replaced by global uniformity. C. the […]

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Date: September 3rd, 2020

Which of the following statements best supports the claim that greater

QUESTION Which of the following statements best supports the claim that greater uniformity replaces diversity in the context of global markets? A. Differences in business systems and legal regulations lead companies to customize their marketing strategies, product features, and operating practices to best match conditions in a particular country. B. As rival global firms follow […]

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Date: September 3rd, 2020

Which of the following refers to the sourcing of goods and services fr

QUESTION Which of the following refers to the sourcing of goods and services from locations around the globe to take advantage of national differences in the cost and quality of factors such as labor, energy, land, and capital? A. Globalization of markets B. Containerization of production C. Dispersal of production D. Globalization of production E. […]

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Date: September 3rd, 2020

West Electronic Corporation sources goods and services for its electro

QUESTION West Electronic Corporation sources goods and services for its electronics products from different locations around the globe in an attempt to take advantage of differences in the cost and quality of labor and land. This practice demonstrates the: A. globalization of production. B. globalization of markets. C. dislocation of a developing nation’s economy. D. […]

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Date: September 3rd, 2020

Which of the following best illustrates the globalization of productio

QUESTION Which of the following best illustrates the globalization of production? A. Daily Diamonds Inc. buys diamonds from South Africa and exports them to India for the cutting process. B. Evan Swan, a U.S.-based fashion designer, is planning to open a flagship store in China to serve the Asian market. C. Uncle Crab, a U.K. […]

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Date: September 3rd, 2020

Why was the World Bank set up? A. To preserve peace through internati

QUESTION Why was the World Bank set up? A. To preserve peace through international cooperation B. To promote economic development C. To maintain order in the international monetary system D. To formulate a coordinated policy response to financial crises E. To police the world trading system   ANSWER B The World Bank was created in […]

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Date: September 3rd, 2020

Which of the following was established after the Uruguay Round to poli

QUESTION Which of the following was established after the Uruguay Round to police the international trading system? A. United Nations B. International Monetary Fund C. Group of Twenty D. World Trade Organization E. World Bank   ANSWER D The General Agreement on Tariffs and Trade (GATT) is an international treaty whose functions included policing the […]

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Date: September 3rd, 2020