BUAD 332 Final Exam 2025 | All Questions and Correct Answers | Verified
Answers | University of Tennessee Knoxville
The world is shrinking rapidly with the advent of faster (BLANK), (BLANK), and (BLANK). - (CORRECT
ANSWER)communications
transportation
financial flows
International trade is (BLANK) and makes up (BLANK) of the U.S. GDP. - (CORRECT ANSWER)booming
25%
Global competition is (BLANK). - (CORRECT ANSWER)intensifying
Higher (BLANK) come with globalization. - (CORRECT ANSWER)risks
Major International Marketing Decisions - (CORRECT ANSWER)1) looking at the global marketing
environment
2) deciding whether to go international
3) deciding which markets to enter
4) deciding how to enter the market
5) deciding on the global marketing program
6) deciding on the global marketing organization
The International Trade System - (CORRECT ANSWER)restrictions - tariffs, quotas, embargos, exchange
controls, and non-tariff trade barriers
The World Trade Organization (WTO) and GATT - (CORRECT ANSWER)helps trade - reduces tariffs and
other international trade barriers
1
, - GATT replaces by WTO in 1995
- China joined WTO in 2001
Free Trade Agreements - (CORRECT ANSWER)groups of nations organized to work toward common goals
in the regulation of international trade
Industrial Structure - (CORRECT ANSWER)shapes a country's product and service needs, incomes levels,
and employment levels
- subsistence economies
- raw materials exporting economies
- industrializing economies
- industrial economies
Political-Legal Environment - (CORRECT ANSWER)- attitudes toward international buying
- government bureaucracy
- political stability
- monetary regulations
Cultural Environment - (CORRECT ANSWER)sellers must examine the ways consumers in different
countries think about and use products before planning a marketing program
- business norms vary from country to country
- companies that understand cultural nuances can use them to advantage when positioning products
internationally
Cultural Differences - (CORRECT ANSWER)- Pepsi in China
2
Answers | University of Tennessee Knoxville
The world is shrinking rapidly with the advent of faster (BLANK), (BLANK), and (BLANK). - (CORRECT
ANSWER)communications
transportation
financial flows
International trade is (BLANK) and makes up (BLANK) of the U.S. GDP. - (CORRECT ANSWER)booming
25%
Global competition is (BLANK). - (CORRECT ANSWER)intensifying
Higher (BLANK) come with globalization. - (CORRECT ANSWER)risks
Major International Marketing Decisions - (CORRECT ANSWER)1) looking at the global marketing
environment
2) deciding whether to go international
3) deciding which markets to enter
4) deciding how to enter the market
5) deciding on the global marketing program
6) deciding on the global marketing organization
The International Trade System - (CORRECT ANSWER)restrictions - tariffs, quotas, embargos, exchange
controls, and non-tariff trade barriers
The World Trade Organization (WTO) and GATT - (CORRECT ANSWER)helps trade - reduces tariffs and
other international trade barriers
1
, - GATT replaces by WTO in 1995
- China joined WTO in 2001
Free Trade Agreements - (CORRECT ANSWER)groups of nations organized to work toward common goals
in the regulation of international trade
Industrial Structure - (CORRECT ANSWER)shapes a country's product and service needs, incomes levels,
and employment levels
- subsistence economies
- raw materials exporting economies
- industrializing economies
- industrial economies
Political-Legal Environment - (CORRECT ANSWER)- attitudes toward international buying
- government bureaucracy
- political stability
- monetary regulations
Cultural Environment - (CORRECT ANSWER)sellers must examine the ways consumers in different
countries think about and use products before planning a marketing program
- business norms vary from country to country
- companies that understand cultural nuances can use them to advantage when positioning products
internationally
Cultural Differences - (CORRECT ANSWER)- Pepsi in China
2
