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Question
Consumers in the most developed countries are
A) typically most interested in products that have been developed with the lowest common denominator in mind.
B) typically willing to sacrifice their preferred product attributes for lower prices.
C) often prefer globally standardized products.
D) often not willing to sacrifice their preferred attributes for lower prices.
Answer
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Related questions
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Countertrade is
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B) least attractive to small, primarily domestic enterprises.
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D) least attractive to large, diverse multinational enterprises.
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_____ occurs when a firm builds a plant in a country and agrees to take a certain percentage of the plant s output as partial payment for the contract.
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B) A barter
C) An offset
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A) bill of lading
B) letter of credit
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In a typical international trade transaction, the
A) exporter should obtain a letter of credit to initiate transactions.
B) importer and exporter maintain an account with the same bank.
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D) importer s bank sends the draft and bill of lading to the exporter s bank.
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In an international transaction involving a bank as a third party, the exporter ships the product after
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B) EMCs are export-import banks that manage foreign exchanges.
C) EMCs are export specialists that act on behalf of their client firms.
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Describe the 14 steps in a typical international trade transaction.
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Tangible property includes patents, designs, copyrights, and trademarks.
⊚ true
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What is a drawback of a just-in-time system?
A) Transport costs are high when using a just-in-time system.
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When a multinational corporation buys products or services from one of its suppliers that produces them somewhere else, whether domestically or globally, it is referred to as
A) offshoring.
B) insourcing.
C) outsourcing.
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The process of planning, implementing, and controlling the efficient, cost-effective flow of raw materials, in-process inventory, finished goods, and related information from the point of consumption to the point of origin for the purpose of recapturing value or proper disposalis called
A) transportation.
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Q:
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This is where cutting-edge production should take place, or at least be tested for implementation in other parts of the firm s production network.
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B) have low value-to-weight ratios.
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_____ covers a range of manufacturing technologies designed to reduce setup times for complex equipment.
A) ISO 9000
B) TQM
C) Lean production
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⊚ true
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Q:
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⊚ true
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Q:
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A) Ipsos
B) Nielsen
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Q:
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A) product strategy
B) pricing strategy
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D) communication strategy