BUSA 4000 EXAM QUESTIONS AND ANSWERS 2024 WITH COMPLETE SOLUTION
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Course
BUSA 4000
Institution
BUSA 4000
BUSA 4000 EXAM QUESTIONS AND ANSWERS 2024 WITH COMPLETE SOLUTION
When using the process of gradual elimination to screen potential country markets, a researcher should first - Answer- obtain general information on macro-level indicators such as population, income, and economic growth
Trade audi...
BUSA 4000 EXAM QUESTIONS AND
ANSWERS 2024 WITH COMPLETE
SOLUTION
When using the process of gradual elimination to screen potential country markets, a
researcher should first - Answer- obtain general information on macro-level indicators
such as population, income, and economic growth
Trade audits may provide managers insight regarding - Answer- competitors' offerings
and pricing
The strategic view of global sourcing suggests that - Answer- just as firms achieve gains
in efficiency, productivity, quality, and revenues by leveraging offshore talent, they also
obtain the means to turn around failing businesses, speed up innovation, restructure
operations, and fund otherwise-unaffordable development projects
Which of the following is an advantage of exporting? - Answer- It increases overall sales
volume, improves market share, and reduces per-unit costs of manufacturing.
Information technology has increased the success and growth of international
franchising operations by - Answer- improving communication between MNE managers
and their franchisee's
If a computer contains a microprocessor from Costa Rica and a hard disk drive from the
Philippines, the computer manufacturer, who is
based in Texas and operates across Europe and West Asia, most likely uses as an
entry strategy. - Answer- Global Sourcing
Which of the following is provided by the licensor in a licensing agreement? - Answer- a
combination of intellectual property and technical information and assistance
Which of the following is an example of a market-seeking motive for FDI? - Answer- a
firm follows its key customers abroad
How does the acquisition of a foreign company most likely benefit a focal firm in the
foreign market? - Answer- The focal firm can extend its market reach through readily
available distribution networks.
, The relocation of a business process or entire manufacturing facility to a foreign country
is known as - Answer- offshoring
When a firm allows others to use an entire business system in exchange for
compensation, the arrangement is known as - Answer- Franchising
Which of the following represents an infrastructural factor that firms must consider when
selecting an FDI location? - Answer- availability and quality of local manufacturing
Firms use foreign trade zones to - Answer- assemble foreign dutiable materials and
components into finished products, which are then re-exported
_____ are checkpoints at the ports of entry in each country where government officials
inspect imported products and levy tariffs. - Answer- customs
Governments impose export controls for the purpose of - Answer- preventing the export
of certain products to certain countries
Which of the following statements is TRUE of NAFTA? - Answer- It eliminated all tariffs
and nontariff trade barriers on goods originating from within North America.
Financing or other resources that a government grants to a firm or group of firms, to
ensure their survival or success is referred to as a - Answer- subsidy
A quantitative restriction on specific imports from a specific country for a set period of
time is referred to as - Answer- quota
Which of the following is an example of nontariff trade barrier? - Answer- The U.S.
Department of Commerce announced that white sugar imports will be limited to 7,500
million tons.
_____ is(are) at odds with free trade, the unrestricted flow of products, services, and
capital across national borders. - Answer- Government intervention
Governments impose defensive barriers to - Answer- all of the these
protect workers
promote national security
safeguard industries
Which of the following entry strategies do most firms use in the absence of high tariffs? -
Answer- exporting
______ is the procurement of products or services from suppliers located abroad. -
Answer- global sourcing
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