Study online at https://quizlet.com/_8925ku
1. what are the lev- - Domestic marketing
els of involvement - Limited marketing
in global marketing - International marketing
- Globalized marketing
2. joint ventures a partnership between a domestic firm and a foreign firm or government
3. exports equal ____% 30% or 1 in 3 acres are exported
of farmers cash re-
ceipts
4. USA accounts for 14%
what percentage of
world food trade?
5. the U.S. imports 12%
_____% of food sup-
ply
6. what are some rea- - Rising world incomes
sons for growth of - Increased world specialization
US agriculture ex- - Changing world diets and preferences
ports - Improved communications, transportation
- Trade liberalization
- Aggressive trade promotions by industry, government
- US farm efficiency (most important asset in our success)
7. two main types of - supplementary imports
food imports - complementary imports
8. supplementary im- - 60%
ports - competes with U.S. products
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