8/16/25, 3:43 PM GB 350 EXAM 2 (CASCIO - OLE MISS ) EXAM comprehensive questions and verified accurate solution (detailed & elaborated) 20…
GB 350 EXAM 2 (CASCIO - OLE MISS ) EXAM
comprehensive questions and verified accurate solution
(detailed & elaborated) 2025 TEST!!
Recognizing and reacting to international
Global Vision marketing opportunities Using effective
global marketing strategies
Being aware of threats from foreign competitors in all markets
total market value of all FINAL goods and services
Gross Domestic Product
produced in a country for a given period
Power Distance Index
Individualism (vs
Collectivism)
Cultural Dimensions
Masculinity (vs
Femininity)
Uncertainty
Avoidance Index
Long Term
Orientation
Indulgence (vs Restraint)
"collective programming of the mind distinguishing the
Culture
members of one group or category of people from
others."
extent to which less powerful members of a society
Power Distance Index
accept and expect the power is to be distributed
unequally
extent to which members feel responsible to themselves
Individualism (vs Collectivism)
and immediate families (vs. others in the group)
extent to which members prioritize achievement,
Masculinity (vs Femininity)
assertiveness and material rewards for success (vs
cooperation, caring for the weak and quality of life)
1/18
,8/16/25, 3:43 PM GB 350 EXAM 2 (CASCIO - OLE MISS ) EXAM comprehensive questions and verified accurate solution (detailed & elaborated) 20…
extent to which members want to maintain control over
Uncertainty Avoidance Index
future events (even if they cannot)
extent to which members value adapting to current
Long Term Orientation
changes in the environment to prepare for the future
Indulgence (vs Restraint) extent to which members value need gratification
viewing outside others and their cultural traditions
Enthocentrism
through the lens of our own culture
Language/slang
Cultural factors Customs/traditions
Expectations for appropriate behavior in business interactions
Population
growth
Population
Demographics to consider
density Age
trends
Household
income
Household
status
Gender
_ _ and culture must be Demographics
considered
together
Are demographics important? YES
Multinationals firms that engage in international trade beyond exporting and
importing
Tax on a particular class of product or service to protect
Tariff domestic competition Commonly used legal action
Example: WTO, China trade war
maximum number of products that can be imported in a given
period
Absolute Quota
Example: Steel imports from Argentina, South Korea
and Brazil can not exceed 500k kgs/quarter
maximum numbers of products that can be imported at a
Tariff Rate Quota reduced tariff
2/18
, 8/16/25, 3:43 PM GB 350 EXAM 2 (CASCIO - OLE MISS ) EXAM comprehensive questions and verified accurate solution (detailed & elaborated) 20…
Example: Imported tuna in airtight containers: 14.9 kgs @ 6%;
excess @ 12.5%
ban on product/service trade activity with another country
Embargo
Example: US Cuba Embargo
Remove legal barriers from international trade among their
US Free Trade Agreements members.
Example: USMCA --> NAFTA
US-Mexico-Canada removes tariffs on trade among those countries
Agreement
Natural Resources materials from the earth that are used to meet consumption
needs
natural resources
International trade can
result from a country's
Example: China has a significant amount of gold that they export
shortage of __________ to other countries
3/18
GB 350 EXAM 2 (CASCIO - OLE MISS ) EXAM
comprehensive questions and verified accurate solution
(detailed & elaborated) 2025 TEST!!
Recognizing and reacting to international
Global Vision marketing opportunities Using effective
global marketing strategies
Being aware of threats from foreign competitors in all markets
total market value of all FINAL goods and services
Gross Domestic Product
produced in a country for a given period
Power Distance Index
Individualism (vs
Collectivism)
Cultural Dimensions
Masculinity (vs
Femininity)
Uncertainty
Avoidance Index
Long Term
Orientation
Indulgence (vs Restraint)
"collective programming of the mind distinguishing the
Culture
members of one group or category of people from
others."
extent to which less powerful members of a society
Power Distance Index
accept and expect the power is to be distributed
unequally
extent to which members feel responsible to themselves
Individualism (vs Collectivism)
and immediate families (vs. others in the group)
extent to which members prioritize achievement,
Masculinity (vs Femininity)
assertiveness and material rewards for success (vs
cooperation, caring for the weak and quality of life)
1/18
,8/16/25, 3:43 PM GB 350 EXAM 2 (CASCIO - OLE MISS ) EXAM comprehensive questions and verified accurate solution (detailed & elaborated) 20…
extent to which members want to maintain control over
Uncertainty Avoidance Index
future events (even if they cannot)
extent to which members value adapting to current
Long Term Orientation
changes in the environment to prepare for the future
Indulgence (vs Restraint) extent to which members value need gratification
viewing outside others and their cultural traditions
Enthocentrism
through the lens of our own culture
Language/slang
Cultural factors Customs/traditions
Expectations for appropriate behavior in business interactions
Population
growth
Population
Demographics to consider
density Age
trends
Household
income
Household
status
Gender
_ _ and culture must be Demographics
considered
together
Are demographics important? YES
Multinationals firms that engage in international trade beyond exporting and
importing
Tax on a particular class of product or service to protect
Tariff domestic competition Commonly used legal action
Example: WTO, China trade war
maximum number of products that can be imported in a given
period
Absolute Quota
Example: Steel imports from Argentina, South Korea
and Brazil can not exceed 500k kgs/quarter
maximum numbers of products that can be imported at a
Tariff Rate Quota reduced tariff
2/18
, 8/16/25, 3:43 PM GB 350 EXAM 2 (CASCIO - OLE MISS ) EXAM comprehensive questions and verified accurate solution (detailed & elaborated) 20…
Example: Imported tuna in airtight containers: 14.9 kgs @ 6%;
excess @ 12.5%
ban on product/service trade activity with another country
Embargo
Example: US Cuba Embargo
Remove legal barriers from international trade among their
US Free Trade Agreements members.
Example: USMCA --> NAFTA
US-Mexico-Canada removes tariffs on trade among those countries
Agreement
Natural Resources materials from the earth that are used to meet consumption
needs
natural resources
International trade can
result from a country's
Example: China has a significant amount of gold that they export
shortage of __________ to other countries
3/18
