Introduction to International Marketing

What is another term for International Marketing?

• Regional Marketing

• Global Marketing

• National Marketing

• Domestic Marketing

Which of the following is a feature of International Marketing?

• Limited competition

• Applicability of 4Ps at a global level

• No trade barriers

• Focus on a single country

What does international trade refer to?

• Trade within one country

• Exchange of goods and services between nations

• Bartering of goods within states

• Buying goods only from local suppliers

The primary motive of international trade is:

• To promote autarky

• To increase domestic competition

• To exploit comparative advantage

• To avoid specialization

What is the term used for an economy that does not trade with other countries?

• Free Trade Economy

• Mixed Economy

• Closed Economy (Autarky)

• Global Economy

Comparative advantage in international trade means:

• Producing all goods at the highest cost

• Producing goods with the highest opportunity cost

• Producing goods at a lower opportunity cost than other countries

• Avoiding specialization

Which of the following is a trade barrier?

• Free Trade Agreements

• Tariff and Non-Tariff Restrictions

• Comparative Advantage

• Autarky

Which of the following is an example of a trading bloc?

• SAARC

• WTO

• IMF

• UN

What is a specific duty in international trade?

• A tax based on per unit of the product

• A tax based on the value of goods

• A tax on income from trade

• A non-tariff barrier

What is the difference between tariff and non-tariff barriers?

• Both are taxes on imports

• Tariffs are monetary, while non-tariffs are policy-related restrictions

• Non-tariffs are taxes, and tariffs are not

• Both are related to subsidies