Question : Multiple Choice Questions 41.Which of the following has reduced as a : 1299182

 

Multiple Choice Questions

41.Which of the following has reduced as a result of globalization?  

A. Volume of goods and services crossing national borders

B. Foreign exchange transaction

C. Procuring product inputs from all over the world

D. Differences in material culture between national economies

E. Deregulation of markets

42._____ refers to the shift toward a more integrated and interdependent world economy.  

A. Forward integration

B. Mass customization

C. Globalization

D. Commercialization

E. Vertical integration

43.Which of the following statements is true regarding the globalization of markets?  

A. As a result of the globalization of markets, tastes and preferences of consumers in different nations are beginning to differ more.

B. By offering the same basic product worldwide, firms fail to create a global market.

C. There still exist significant differences among national markets along many relevant dimensions, including distribution channels, culturally embedded value systems, and legal regulations.

D. The most global of markets are not typically markets for industrial goods and materials, but markets for consumer products.

E. A company has to be the size of a multinational giant, such as Citigroup or Coca-Cola, to facilitate, and benefit from, the globalization of markets.

44.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B. cultural diversity has been replaced by global uniformity.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 global market is less complex than national markets.

D. a company does not have to be the size of a multinational giant to facilitate, and benefit from, the globalization of markets.

E. the social norms in a country do not affect purchase decisions of consumers.

45.Which of the following is most likely to be the best suited product for a global market?   

A. Microprocessors

B. Fast food like hamburgers

C. Clothes and accessories

D. Bank and other personal services

E. Household furnishings

46.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 each other across countries, they bring with them their brand names, products, and marketing strategies from other national markets, thus creating homogeneity across markets.

C. Truly innovative companies succeed by developing products that serve specific needs of the local markets.

D. The volume of goods, services, and investment crossing national borders has expanded at a slower rate than world output for more than half a century.

E. The most global of markets are not typically markets for consumer products as significant differences in consumer tastes and preferences still exist among national markets.

47.Globalization results in a greater degree of _____ across markets than would be present otherwise.  

A. regulatory control

B. diversity

C. homogeneity

D. administrative barrier

E. communism

48.The _____ 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. augmentation of products

C. amplification of production

D. globalization of production

E. capitalization of markets

49.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 UK fast food chain, has been serving customers worldwide through its franchises.

D. Silver Unicorn Inc. uses sales personnel from the respective host country to sell its products and services.

E. Pizza Gallery, an Italian pizza chain, customizes its pizzas and pastas to suit the tastes of its American and Australian customers.

50.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. localization of markets.

C. increasing differences in tastes and preferences of consumers across the world.

D. nationalization of private enterprises.

E. rise of communism throughout the globe.

 

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more