BUAD 332, business logistics, supply chain
management Exam 2 Questions and Answers
Top Rated A+ 2025
where is Budweiser headquartered? -CORRECTANSWER belgium
where is shell the gas station headquartered? -CORRECTANSWER United Kingdom (it
was in the Netherlands)
where is IKEA headquartered? -CORRECTANSWER the netherlands
where is Samsung headquartered? -CORRECTANSWER south korea
where is Adidas headquartered? -CORRECTANSWER germany
what are the 6 steps in the major international marketing decisions? -
CORRECTANSWER 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
explain looking at the global marketing environment -CORRECTANSWER - the
international trade system
- the world trade organization and GATT (general agreement tariffs and trade
- free trade agreements
explain the international trade system -CORRECTANSWER - restrictions - tariffs,
quotas, embargo's, exchange controls, and non-taiff trade barriers
- because of embargo we did not do business with Cuba for many years
explain the world trade organization and GATT -CORRECTANSWER - helps trade -
reduces tariffs and other international trade barriers
- GATT (generalized agreements of tariffs and trade) was replaced by WTO (world trade
organization) in 1995
*- china joined WTO in 2001*
- china joining the WTO made a massive world trade impact
explain free trade agreements -CORRECTANSWER groups of nations organized to
work toward common goals in the regulation of international trade
,what countries are involved in NAFTA -CORRECTANSWER North America free trade
agreement
- US
- Canada
- Mexico
what countries are in the EU -CORRECTANSWER European Economic Area
(includes the European Union)
ex.
- Norway
- Iceland
- Lichtenstein
what countries are in MERCOSUR -CORRECTANSWER South America
ex.
- Argentina
- Brazil
- Paraguay
- Uruguay
, what countries are in ASEAN -CORRECTANSWER Association of Southeast Asian
Nations
ex.
- Indonesia
- Singapore
- Philippines
SAFTA -CORRECTANSWER Southern Asia free trade area
- Pakistan
- Nepal
- India
moon fun fact: this agreement contains countries with almost 2.1 billion people which is
about 27% of the world's population of 7.6 billion people
moon fun fact: what is the 4th most populous country in the world? -
CORRECTANSWER Indonesia
what is industrial structure -CORRECTANSWER shapes a country's product and
service needs, income levels, and employment levels
management Exam 2 Questions and Answers
Top Rated A+ 2025
where is Budweiser headquartered? -CORRECTANSWER belgium
where is shell the gas station headquartered? -CORRECTANSWER United Kingdom (it
was in the Netherlands)
where is IKEA headquartered? -CORRECTANSWER the netherlands
where is Samsung headquartered? -CORRECTANSWER south korea
where is Adidas headquartered? -CORRECTANSWER germany
what are the 6 steps in the major international marketing decisions? -
CORRECTANSWER 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
explain looking at the global marketing environment -CORRECTANSWER - the
international trade system
- the world trade organization and GATT (general agreement tariffs and trade
- free trade agreements
explain the international trade system -CORRECTANSWER - restrictions - tariffs,
quotas, embargo's, exchange controls, and non-taiff trade barriers
- because of embargo we did not do business with Cuba for many years
explain the world trade organization and GATT -CORRECTANSWER - helps trade -
reduces tariffs and other international trade barriers
- GATT (generalized agreements of tariffs and trade) was replaced by WTO (world trade
organization) in 1995
*- china joined WTO in 2001*
- china joining the WTO made a massive world trade impact
explain free trade agreements -CORRECTANSWER groups of nations organized to
work toward common goals in the regulation of international trade
,what countries are involved in NAFTA -CORRECTANSWER North America free trade
agreement
- US
- Canada
- Mexico
what countries are in the EU -CORRECTANSWER European Economic Area
(includes the European Union)
ex.
- Norway
- Iceland
- Lichtenstein
what countries are in MERCOSUR -CORRECTANSWER South America
ex.
- Argentina
- Brazil
- Paraguay
- Uruguay
, what countries are in ASEAN -CORRECTANSWER Association of Southeast Asian
Nations
ex.
- Indonesia
- Singapore
- Philippines
SAFTA -CORRECTANSWER Southern Asia free trade area
- Pakistan
- Nepal
- India
moon fun fact: this agreement contains countries with almost 2.1 billion people which is
about 27% of the world's population of 7.6 billion people
moon fun fact: what is the 4th most populous country in the world? -
CORRECTANSWER Indonesia
what is industrial structure -CORRECTANSWER shapes a country's product and
service needs, income levels, and employment levels
