Question

_____1. Which of the following would ordinarily be classified as a political risk?

a. a change in the exchange rate

b. price competition from a government owned competitor

c. government approval of a competitor's investment in the same market

d. government requirement to switch the purchase of materials from an imported to a domestic source,

_____2. The marketing philosophy "We sell what we make" (Standardization)

is most likely to useful when

a. there is an appeal for the same product abroad, although perhaps from a different market segment

b. the domestic production unit is operating to capacity

c. the foreign environment is very different from the domestic one

d. there is little spillover to foreign markets of domestic promotion programs

_____3. The major argument for standardizing products as much as possible on a worldwide basis is that

a. production costs are usually minimized

b. the assessment of import duties is simplified

c. this assure adherence to international agreements on product uniformity

_____4. One of the reasons why pricing in the international context is more complex than in the domestic market is that there

a. is more price competition because of few price controls abroad

b. is price escalation in exporting

c. are interest rate difference on government securities

_____5. Financial capability, connections with customers, and non handling of competitors are qualifications to consider abroad when choosing

a. an advertising agent

b. a distributor   

c. a transporter        

d. a banker

_____6. The assessment of duties, taxes, and fees on imported merchandise is a function of

a. the International Trade Administration        

b. the U.S. Customs Service

c. The Import Administration Association         

d. New York City Police Department

Answer 1

1):-D is right option

government requirement to switch the purchase of materials from an imported to a domestic source,

political risk is refers as the liklihood the business's foreign investment will be constrained by a host government's policy, possibility of an unexpected politically motivated event affecting the outcome of investment, variability in the value of the business that is caused by uncertainty about political or policy changes

2) :- A is right option

there is an appeal for the same product abroad, although perhaps from a different market segment

standardization is defined as the requires, among other things, that the norm, or average score, made by a large group of people, be established

3):-A is right option

a. production costs are usually minimized

standardization is defined as a requires, among other things, that the norm, or average score, made by a large group of people, be established

4) :-B is right option

is price escalation in exporting

disparity in pricing where goods have higher costs in a foreign market than in a domestic market due to Price Escalation

5) :-A is right option

a. an advertising agent

6) :--A is right option

a. the International Trade Administration

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