Solution Guide
1. The simplest and least expensive way to conduct international business is through:
a. foreign licensees.
b. the World Wide Web.
c. joint ventures.
d. trade intermediaries.
2. In a ________, two or more AMERICAN small businesses form an alliance for the purpose of exporting their goods abroad. The companies get antitrust immunity and share responsibility for the business equally.
a. foreign joint venture
b. trade intermediary
c. export ventures
d. export management company
3. If you can 't afford to invest in foreign facilities, don 't have time to even learn the foreign market, but you are willing to give someone else the right to make and market your product for a fee and royalties, your best bet for entering the foreign market is:
a. a foreign management company.
b. joint venturing.
c. foreign licensing.
d. international franchising.
4. Domino 's Pizza, McDonald 's, etc., in Japan and Europe are examples of:
a. foreign management companies.
b. joint venturing.
c. foreign licensing.
d. international franchising.
5. The tax that a government puts on products that are imported into a country is called a/an:
a. embargo.
b. tariff.
c. quota.
d. non-tariff barrier.
6. The General Agreement on Tariffs and Trade has had what effect on tariffs around the world?
a. Average tariffs in industrialized nations fell to 4.7%.
b. It has eliminated tariffs among member nations and raised them to nonmembers.
c. It has had no effect.
d. It has reduced them by 90% since 1947.
7. After launching the Web site, companies must follow-up by:
a. redesign Web site and buy more hardware to support Web site
b. automating or expanding warehouse to meet customer demand
c. integrate Web site into inventory control system
d. increase customer call center capacity
e. All of the above
8. Sites that ________ may never have the chance to sell because customers will click to another site.
a. foreign licensees.
b. the World Wide Web.
c. joint ventures.
d. trade intermediaries.
2. In a ________, two or more AMERICAN small businesses form an alliance for the purpose of exporting their goods abroad. The companies get antitrust immunity and share responsibility for the business equally.
a. foreign joint venture
b. trade intermediary
c. export ventures
d. export management company
3. If you can 't afford to invest in foreign facilities, don 't have time to even learn the foreign market, but you are willing to give someone else the right to make and market your product for a fee and royalties, your best bet for entering the foreign market is:
a. a foreign management company.
b. joint venturing.
c. foreign licensing.
d. international franchising.
4. Domino 's Pizza, McDonald 's, etc., in Japan and Europe are examples of:
a. foreign management companies.
b. joint venturing.
c. foreign licensing.
d. international franchising.
5. The tax that a government puts on products that are imported into a country is called a/an:
a. embargo.
b. tariff.
c. quota.
d. non-tariff barrier.
6. The General Agreement on Tariffs and Trade has had what effect on tariffs around the world?
a. Average tariffs in industrialized nations fell to 4.7%.
b. It has eliminated tariffs among member nations and raised them to nonmembers.
c. It has had no effect.
d. It has reduced them by 90% since 1947.
7. After launching the Web site, companies must follow-up by:
a. redesign Web site and buy more hardware to support Web site
b. automating or expanding warehouse to meet customer demand
c. integrate Web site into inventory control system
d. increase customer call center capacity
e. All of the above
8. Sites that ________ may never have the chance to sell because customers will click to another site.