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Question
Strategic trade policy suggests that in industries where the existence of substantial scale economies implies that the world will profitably support only a few firms, countries may predominate in the export of certain products simply because they had firms that were able to
A) influence the assignment of tariffs.
B) influence the assignment of quotas
C) capture first-mover advantages.
D) capitalize on late-mover advantages.
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.
C) most attractive to large, diverse multinational enterprises.
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.
A) A buyback
B) A barter
C) An offset
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As a document of title, a _____ can be used to obtain payment or a written promise of payment before the merchandise is released to the importer.
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.
Q:
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.
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⊚ 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
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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
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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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_____ 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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⊚ true
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B) has a high failure rate.
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D) has a low failure rate.
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_____ is an international market research company based in London that works with more than half of the Fortune 500 companies.
A) Ipsos
B) Nielsen
C) NPD Group
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Q:
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A) product strategy
B) pricing strategy
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