Foreign Corrupt Practices Act, Political Risk, International Marketing Mgt. – IBUS Exam
The key terms in this International Marketing course include Political Risk, Foreign Corrupt Practices Act , Bribery, KFC chicken, Trade Secrets, trademarks, Patents, Political Environment, Regional Economic Integration, International Marketing Mgt. – IBUS Exam
In looking at the political environment, a firm is primarily concerned about
the form of government.
government ownership
private ownership.
political risk.
Which of the following situations would likely have more political risk than the others?
Entry into a market in which the home and the host countries do not have good relations.
Entry into a market in which the home market is a well-developed country but the host market is developing.
Entry into a market in which the host market is a well-developed country but the home market is developing.
Entry into a market in which the home and the host countries are geographically far apart.
The Foreign Corrupt Practices Act was passed to fight :
product piracy.
transfer pricing.
bribery.
boycotts.
The formula behind the spices in KFC chicken is an example of:
trademarks.
trade secrets.
copyrights.
patents.
Countries with common law systems
rely less on the court system.
promote greater trade.
rely heavily on precedent.
base laws on religious tenets.
A company is about to negotiate an important sales contract in a country with a high-context culture. Best practice is to:
hire a translator.
agree on clear goals of the negotiation prior to beginning.
develop a stronger personal relationship before beginning the negotiation.
agree on a timetable for the negotiation prior to beginning.
The increasing trend toward regional economic integration means that
traditional international trade policy no longer applies
product diversity will decline
larger economic entities are replacing more than 200 national markets
only developed nations can economically integrate
In looking at the political environment, a firm is primarily concerned about
the form of government.
government ownership
private ownership.
political risk.
Which of the following situations would likely have more political risk than the others?
Entry into a market in which the home and the host countries do not have good relations.
Entry into a market in which the home market is a well-developed country but the host market is developing.
Entry into a market in which the host market is a well-developed country but the home market is developing.
Entry into a market in which the home and the host countries are geographically far apart.