Marketing Chapter 4 Quiz

The U.S. engages in a lot of international trade

• True

• False

Imports are....

• goods and services purchased from another country

• goods and services sold to another country

• Exchanging of goods and services

What is barrier when it comes to international trade?

• Import

• Export

• Tariff

• Free Trade

What is an example of a Free Trade Agreement

• ETA

• NAFTA

• OTW

Contract Manufacturing is when a country hires another country to make products for less

• True

• False

A company building facilities in another country can be describes as a......

• Foreign Direct Investment

• Licensing

• Mini-national

• Proprietary

In Globalization, promotion and products are the same around the world

• True

• False

Differences in language and customs are part of what factor in international trade?

• Economic

• Technological

• Socio-Cultural

• Political

Customization involves creating brand new products and promotions for certain countries

• True

• False

How are Governments involved in International Trade? ( Please use at least 1 vocabulary word from chapter4)