2. China’s state-owned firms agreed to a $9 billion deal to build railways, hospitals, and health centers in the Democratic Republic of Congo in exchange for 10 million tons of copper and 400,000 tons of cobalt, a critical metal used in electric car batteries, which is an example of
Multiple Choice
a. gray marketing.
b. trade equity.
c. countertrade.
d. rivalry conditions.
e. balance of trade.
3. One argument for protectionism is that it
Multiple Choice
a. strengthens the economy by encouraging a balance of trade.
b. instills a sense of nationalism, which in turn protects economic stability.
c. lowers prices for domestic consumers.
d. promotes development of domestic industries.
e. creates a more loyal and hardworking domestic workforce.
10. Which of the following statements about global brands is most accurate?
Multiple Choice
a. A global brand is marketed under different brand names for every market.
b. A global brand alters the product or service formulation for each country.
c. A global brand has marketing programs that are coordinated in each individual country where the service is sold to ensure a consistent customer experience.
d, A global brand is a collaborative effort among several different multinational firms to ensure that semiotic mistakes do not occur.
e. A global brand uses consistent advertising across multiple countries and cultures.
2) International trade in which goods are involved are known as counter trade. Thus option C is correct.
3) Government tries to protect domestic industries by imposing some fine on imports. Thus option D is correct.
4) Global brand is sold worldwide and adapt themselves according to customer needs. Thus option B is correct.
2. China’s state-owned firms agreed to a $9 billion deal to build railways, hospitals, and health...
Chapter overview 1. Reasons for international trade Resources reasons Economic reasons Other reasons 2. Difference between international trade and domestic trade More complex context More difficult and risky Higher management skills required 3. Basic concept s relating to international trade Visible trade & invisible trade Favorable trade & unfavorable trade General trade system & special trade system Volume of international trade & quantum of international trade Commodity composition of international trade Geographical composition of international trade Degree / ratio of...