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International Market Dynamics Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

Page 1

Question 1 1. _____ is a type of law that does not exist in the United States and many other industrialized nations but is quite common to regions in the Middle East such as Saudi Arabia, Iran, and Egypt.

Question 2 2. An overseas retailer selling sports apparel received a cease and desist letter from a well-known clothing brand alleging that it is selling counterfeit goods (misrepresenting products as being made by a specific brand when in fact they are not). Which statement BEST characterizes the legal liability for the retailer who received the notice?

Question 3 3. What type of law is commonly seen in the United States, much of Europe, and Australia in which lower courts cannot reverse each other and appeals must go to a higher court rather than simply shopping for a friendly judge on another court?

Question 4 4. In the United States, a celebrity figure skater has sold the right to use her image on a cereal box. It is a violation of _____ laws for an overseas company to use her image without permission.

Question 5 5. Company X believes that company Y has illegally used its logo and name to sell an unaffiliated product. Company X is asking the court to order company Y to stop using the name and logo on its products. What kind of legal relief is company X requesting?

Page 2

Question 6 6. Even when a law exists in two countries, the _____ of those laws may still have a substantial impact on international business.

Question 7 7. Which of the following scenarios is MOST likely to impact the operations of an international retailer?

Question 8 8. Which of the following political developments would be of the greatest concern to an international retailer?

Question 9 9. Legal or regulatory changes inside of a country or political region are often significantly affected by:

Question 10 10. Political or legal changes in foreign countries can affect international retailers in all of the following ways EXCEPT:

Page 3

Question 11 11. An international marketer has to deal with the following except _____.

Question 12 12. A domestic marketer has to focus on the following except _____.

Question 13 13. Which of the following factors makes an international market difficult to expand as compared to a domestic market?

Question 14 14. As a marketer in the United States, which of the following attributes is/are needed for a business to be successful?

Question 15 15. Which of the following will pose a threat to the progress of an international market?

Page 4

Question 16 16. Which of the following is the best explanation of a market?

Question 17 17. You operate a pharmaceutical company that is introducing a new drug into a foreign market but are discovering that you have to lower the prices due to low consumer demand. What type of challenge are you most probably facing?

Question 18 18. If you need to adjust the design of a product to fit the preferences of the consumers of a particular market, what challenge of an international market are you addressing?

Question 19 19. Which is the best explanation of an international market for a particular company?

Question 20 20. You are in the middle of a court battle involving a contract dispute in a foreign country. This is an example of which type of challenge regarding international markets?

Page 5

Question 21 21. How have technology and outsourcing impacted small businesses?

Question 22 22. Why is it important for emerging markets to have a stable legal and regulatory system?

Question 23 23. Which one of the following is the lowest level of economic integration?

Question 24 24. Which one of the following arrangements provides the greatest level of economic integration?

Question 25 25. Why can outsourcing have a negative impact on the domestic economy?

Page 6

Question 26 26. Why do some businesses tend to avoid expanding their companies to nations operating under central state control?

Question 27 27. Which type of economic system is the most favorable to business?

Question 28 28. An American shoe company has recently set up a factory in China. They found out that some of the Chinese managers would like to hire children to work in the factories, a practice common in China. The company refused to hire children, and instead offered an educational program to its employees and their families. The shoe company used _____ in this situation.

Question 29 29. In which type of system would hiring women MOST likely be problematic?

Question 30 30. Why would companies avoid doing business in countries run by military dictators?

International Market Dynamics Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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