BUSN 501-EXAM 1 QUESTIONS WITH
COMPLETE SOLUTIONS.
1 of
122
Definition
industrial underdeveloped, agrarian, rural populations, extremely low
per capita income, little (or no) world trade
*central Africa and Asia
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MDCs NICs
LLDCs Mdms
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2 of 122
Term
two key areas to consider when marketing in developing country
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1. level of market
development increased competition for
2.demand in U.S. companies
developing countries
specifically means that company -degree of interest
is producing in a different -degree of disruption
country
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3 of 122
Definition
most fundamental business ritual
*where cultural differences are most often seen and most obvious
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negotiations communications
, bribery rituals
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4 of 122
Definition
the system of accounts that records a nation's international
finance transactions
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fiscal budget report trade surplus summary
balance of payments
(nation's balance sheet) national income statement
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5 of 122
Definition
Reactive:
1. no direct foreign marketing
2.infrequent foreign marketing
Proactive:
3. regular foreign marketing
, 4. international marketing
5. global marketing
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4 important outcomes of Uruguay
foreign environment Round of 1994
the United Nations groups countries 5 stages of
into three categories... international marketing
involvement
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6 of 122
Term
CAGE
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limit quantities on a case-by-case
*Distance Still Matters article basis
common language =/= similar
limit trade; protection interpretation of word or phrases
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7 of 122
COMPLETE SOLUTIONS.
1 of
122
Definition
industrial underdeveloped, agrarian, rural populations, extremely low
per capita income, little (or no) world trade
*central Africa and Asia
Give this one a try later!
MDCs NICs
LLDCs Mdms
, Don't know?
2 of 122
Term
two key areas to consider when marketing in developing country
Give this one a try later!
1. level of market
development increased competition for
2.demand in U.S. companies
developing countries
specifically means that company -degree of interest
is producing in a different -degree of disruption
country
Don't know?
3 of 122
Definition
most fundamental business ritual
*where cultural differences are most often seen and most obvious
Give this one a try later!
negotiations communications
, bribery rituals
Don't know?
4 of 122
Definition
the system of accounts that records a nation's international
finance transactions
Give this one a try later!
fiscal budget report trade surplus summary
balance of payments
(nation's balance sheet) national income statement
Don't know?
5 of 122
Definition
Reactive:
1. no direct foreign marketing
2.infrequent foreign marketing
Proactive:
3. regular foreign marketing
, 4. international marketing
5. global marketing
Give this one a try later!
4 important outcomes of Uruguay
foreign environment Round of 1994
the United Nations groups countries 5 stages of
into three categories... international marketing
involvement
Don't know?
6 of 122
Term
CAGE
Give this one a try later!
limit quantities on a case-by-case
*Distance Still Matters article basis
common language =/= similar
limit trade; protection interpretation of word or phrases
Don't know?
7 of 122
