International Business and Trade

Review questionnaire for Final Exam

1. Why do Nations Trade?

 No Nation as the capacity to produce by itself.
 Countries differs in respect of climate condition , land, labor capital, etc.
 All of the above
 None of the above
2. In International trade, exports refers to…
 Selling goods and service produced in home country to other markets,
 Selling goods and service produced in home country to local markets,
 Selling goods and service produced in foreign country to other markets,
 All of the above

3. It is concerned with marketing and selling activities for success on direct face-to-face
Contact and include mail order , telephone marketing etc.
 Agents
 Distributors
 Direct Marketing
 All of the above
4. A tax levied on import and export by the countries.
 Transit tariff
 Import and export tariff
 Specific duty
 Ad valorem duty
5. A tariff based on percentage of the value of the imported goods.
 Choices same as in no. 4
6. A tariff based on the number of items being imported.
 Choices on item no. 4
7. A tax levied on goods passing through the country.
 Choices are on items no. 4
8. A tariff consisting of both a specific and Ad valorem duty.
 Ad valorem duty
 Compound duty
 All of the above
 None of the above
9. A legal limit on the imported quantity of a good that is produced abroad and can be
sold in domestic market.
 Import quota
 Embargo
 Export subsidies
 All of he above
10. Government payment made to domestic firms to encourage exports.
 Choices same with item no. 9
11. A complete ban against importing or exporting a product.
 Choices same with item no. 9

 Enumerate the important special problems in international marketing, 8 items

12 – 19

 Identify the main elements of culture. 6 items

20 – 25

26. the pervasive and sustained rise in the aggregate level of prices measured by an index
Of the cost of various goods and services.
  Inflation
 Unemployment
 Debt
 Income distribution
27. The sum total of government financial obligation.
 Choices same with item no. 26
28. Weighted by the size of the population, the relative wealth of a nations citizens.
 Choices on item no. 26
29. it is used as a comprehensive indicator of a countrys economic stability.
 Balance of payment
 Poverty
 Income distribution
 Debt
30. The companies that are in direct completion and share the same product lines and
markets.
 Market extension merger
 Conglomerate
 Vertical merger
 Horizontal merger
31. A customer and company or a supplier and company
 Choices same with item 30
32. Two companies that have no common business areas.
 Choices same with item 30.
33. two companies selling different but related products in the same market.
 Choices same with item no. 30
34. This kind of merger occurs when one company purchases another.
 Purchase merger
 Consolidation merger
 All of the above
 None of the above
35. With this merger, a brand new company is formed and both companies are bought
and combined under the new entity.
 Purchase merger
 Consolidation merger

Identify the different types of franchising. 6 items

36 – 41

42. explain : Joint ventures

43. : Total Ownership

Give two advantages to standardizing a firm market strategy,

44.
45.

Identify the consideration when the firm decide to standardize its marketing strategy
46.
47.
48.
49.
50.