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BUAD 332 final Exam , business logistics exam, supply chain
management, BUAD test questions, operational strategy,
BUAD 332 answers, logistics exam 2025
Example in class of higher risk with globalization - ANSWER-
120 Los Angeles truck drivers strike and block ports where
imports from China
What percent of US GDP is made up by international trade?
What percent of world GDP? - ANSWER-26.3%; 54%
Example of global marketing in class - ANSWER-McDonalds
and Starbucks in Japan
what are the 6 major international marketing decisions? -
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 global marketing program
6. deciding on the global marketing organization
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MERCOUSUR - ANSWER-southern and eastern countries of
South America, free trade agreement
ASEAN - ANSWER-the Association of Southeast Asian
Nations, Free trade agreement
SAFTA - ANSWER-South Asian Free Trade Agreement
NAFTA - ANSWER-North American Free Trade Agreement
(US, Canada, Mexico)
EU - ANSWER-European Union, econ. area/free trade
agreement
What are restrictions of the international trade system? -
ANSWER-tariffs, quotas, embargos, exchange controls, and
non-tariff trade barriers
When did the GATT replace the WTO? - ANSWER-1995
When did China enter the WTO - ANSWER-2001
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Definition: groups of nations organized to work toward common
goals in the regulation of international trade - ANSWER-free
trade agreements
Definition: shapes a country's product and service needs, income
levels, and employment levels - ANSWER-Industrial structure
Types of industrial structures - ANSWER-Subsistence
economies (Haiti)
Raw material exporting economies (Saudi Arabia, Chile)
Emerging economies (Brazil, Thailand)
Industrial economies (US, China, Japan, S Korea)
Things that affect political-legal environment - ANSWER--
Attitudes toward international buying (India isolated prior to
1991)
-Government bureaucracy (Mexico corrupt)
-Political stability (communism in Romania caused problems v.
Hungary not communist)
-Monetary regulations (Argentina monetary fluctuations have
caused it to struggle v. Chile stable)
BUAD 332 final Exam , business logistics exam, supply chain
management, BUAD test questions, operational strategy,
BUAD 332 answers, logistics exam 2025
Example in class of higher risk with globalization - ANSWER-
120 Los Angeles truck drivers strike and block ports where
imports from China
What percent of US GDP is made up by international trade?
What percent of world GDP? - ANSWER-26.3%; 54%
Example of global marketing in class - ANSWER-McDonalds
and Starbucks in Japan
what are the 6 major international marketing decisions? -
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 global marketing program
6. deciding on the global marketing organization
,2|Page
MERCOUSUR - ANSWER-southern and eastern countries of
South America, free trade agreement
ASEAN - ANSWER-the Association of Southeast Asian
Nations, Free trade agreement
SAFTA - ANSWER-South Asian Free Trade Agreement
NAFTA - ANSWER-North American Free Trade Agreement
(US, Canada, Mexico)
EU - ANSWER-European Union, econ. area/free trade
agreement
What are restrictions of the international trade system? -
ANSWER-tariffs, quotas, embargos, exchange controls, and
non-tariff trade barriers
When did the GATT replace the WTO? - ANSWER-1995
When did China enter the WTO - ANSWER-2001
, 3|Page
Definition: groups of nations organized to work toward common
goals in the regulation of international trade - ANSWER-free
trade agreements
Definition: shapes a country's product and service needs, income
levels, and employment levels - ANSWER-Industrial structure
Types of industrial structures - ANSWER-Subsistence
economies (Haiti)
Raw material exporting economies (Saudi Arabia, Chile)
Emerging economies (Brazil, Thailand)
Industrial economies (US, China, Japan, S Korea)
Things that affect political-legal environment - ANSWER--
Attitudes toward international buying (India isolated prior to
1991)
-Government bureaucracy (Mexico corrupt)
-Political stability (communism in Romania caused problems v.
Hungary not communist)
-Monetary regulations (Argentina monetary fluctuations have
caused it to struggle v. Chile stable)
