BUAD 332 FINAL EXAM QUESTIONS AND VERIFIED CORRECT ANSWERS

BUAD 332 FINAL EXAM QUESTIONS AND VERIFIED CORRECT ANSWERS The world is shrinking rapidly with the advent of faster (BLANK), (BLANK), and (BLANK). - Correct Answer communications transportation financial flows International trade is (BLANK) and makes up (BLANK) of the U.S. GDP. - Correct Answer booming 25% Global competition is (BLANK). - Correct Answer intensifying Higher (BLANK) come with globalization. - Correct Answer risks Major International Marketing Decisions - Correct 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 the global marketing program 6) deciding on the global marketing organization The International Trade System - Correct Answer restrictions - tariffs, quotas, embargos, exchange controls, and non-tariff trade barriers The World Trade Organization (WTO) and GATT - Correct Answer helps trade - reduces tariffs and other international trade barriers - GATT replaces by WTO in 1995 - China join