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2025/2026 INTERNATIONAL MARKETING PROCTORING ENABLED EXAM 1 NEWEST QUESTIONS AND DETAILED CORRECT ANSWERS WITH EXPLANATIONS

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2025/2026 INTERNATIONAL MARKETING PROCTORING ENABLED EXAM 1 NEWEST QUESTIONS AND DETAILED CORRECT ANSWERS WITH EXPLANATIONS

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INTERNATIONAL BUSINESS
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INTERNATIONAL BUSINESS










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Institution
INTERNATIONAL BUSINESS
Course
INTERNATIONAL BUSINESS

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Uploaded on
October 31, 2025
Number of pages
20
Written in
2025/2026
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Exam (elaborations)
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2025/2026 INTERNATIONAL
MARKETING PROCTORING ENABLED
EXAM 1 NEWEST QUESTIONS AND
DETAILED CORRECT ANSWERS WITH
EXPLANATIONS


________ is an uncontrollable element for an international
marketer. - Correct Answer Level of technology

Explanation
The uncontrollable elements of the foreign
environment are political/legal forces, economic
forces, competitive forces, level of technology,
structure of distribution, geography and
infrastructure, and cultural forces. Refer to Exhibit 1.3
The International Marketing Task.

Which firm seems the best prepared for
internationalization? - Correct Answer a firm that has a
production capacity that is larger than home market
demand

Explanation
One of the factors favoring faster internationalization
is smaller home markets and larger production
capacities.

,For international markets, marketers must be especially
cognizant of ________ because of the dominantly
uncontrollable nature of this factor. - Correct Answer
political/legal forces

Explanation
Political/legal forces represent the uncontrollable
element that international marketers need to consider.
Price, product, promotion, research activities, and
channels-of-distribution are all controllable elements
for international marketers.

What was the most apparent reciprocal impact of the
foreign economic assistance given by the United States
following World War II? - Correct Answer Purchases of
U.S. agricultural products, manufactured goods, and
services by the recipient countries increased.

Explanation
For every dollar the United States invested in the
economic development and rebuilding of other
countries after World War II, hundreds of dollars more
returned in the form of purchases of U.S. agricultural
products, manufactured goods, and services.

After World War II, the United States set out to infuse the
ideal of capitalism throughout as much of the world as
possible. As a result, most of the noncommunist
economies in the world - Correct Answer grew
significantly.

, Explanation
As these countries worked to gain economic
independence, the financial assistance provided by
the United States allowed the economies of most of
the noncommunist world to grow and new markets
were created.

A boycott on importing produce from Mexico would be an
example of a - Correct Answer nontariff barrier.

Explanation
Nontariff barriers include quotas, boycotts, monetary
barriers, and market barriers.

What trade policy tool makes it mandatory for its importers
who want to buy a foreign good to apply for an exchange
permit? - Correct Answer government approval

Explanation
Government approval requires that importers who
want to buy a foreign good must apply for an
exchange permit, that is, permission to exchange an
amount of local currency for foreign currency.

What occurs in the balance of payments account when
international payments are greater than receipts? -
Correct Answer a deficit

Explanation
A deficit results when international payments are
greater than receipts.

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