Ch 15
This is the #1 non-tariff barrier to entry in Japan. (MC)
a) Language
b) Customs
c) Distribution
d) Embargos
What is the 2nd most popular social media platform, based on monthly active users worldwide? (MC)
a) Whatsapp
b) Youtube
c) Facebook
d) HeuHiae
What situation is described by a company competing in one country with their OWN products imported from another country? (MC)
a) Black Market
b) White Market
c) Gray Market
d) Green Market
What is NOT a loonie? (MC)
a) A Canadian 1-Dollar coin
b) A bird
c) Someone foolish or mentally disordered
Two different companies manufacture rum with the same brand name because of revolution in this nation. (MC)
a) Puerto Rico
b) Spain
c) Jamaica
d) Cuba
Control, Coverage and Character are all: (MC)
a) Journalistic factors in news coverage
b) Factors affecting choice of distribution channels
c) Factors affecting choice of media channels
d) Components of trade agreements
This continent has the lowest literacy rates in the world.
Africa
When Russia traded Pepsi vodka for soda, what type of exchange was that?
BARTER
A Canadian interested in buying a vacation home in Florida should wait until: (MC)
a) The CAD surges against the USD
b) The USD surges against the CAD
To be labelled "Scotch", whiskey must originate from ________ and be made from what grain?
Scotland
Barley
This intermediary does NOT serve as the producer’s export agent, and it's SHORT TERM. They provide a selling service on commission. (MC)
a) EMC
b) PAE
c) MEA
d) Foreign Sales Corporation
What's it mean in Japanese to say "My Cheeks Are Falling Off"? (MC)
a) What you said is very funny
b) I have been talking too much
c) I just did Bulgarian split squats
d) This food is delicious
What's the most reliable/best way to eliminate the risk of foreign exchange when you are marketing and selling in a foreign country?
Ask for payment ONLY in USD.
This Canuck said every time the loonie goes up a penny against the U.S. dollar, his organization saves US$600,000.
a) CEO of Toronto Maple Leafs
b) CEO of the Toronto Blue Jays
c) CEO of the Royal Bank of Canada
To be labeled "Bourbon", this spirit must be majority made from this grain.
Corn
This is another form of group exporting that lets companies join w/o antitrust concerns. Lots of blue chip companies, incl. agriculture, chemicals, pulp & paper; rubber products; motion pictures; TV. (MC)
a) Export Management Companies
b) Manufacturers Export Agents
c) Webb-Pomerene Export Associations
d) Foreign Sales Corporations
What region/continent spends the most time on social media?
Latin America!
Visual DAILY DOUBLE.
How many USD is 20,000 pesos, using the Cross Rate chart provided? You may round to the nearest dollar.
990
Before the surge of the loonie against the USD, 90% of his dancers were Canadian and 200 of them would drive south to work for dollars. What happened after? (MC)
a) More than 300 drove south
b) His American dancers outnumbered his Canadian
c) Montreal became the most popular club
d) Dancers from Montreal and Toronto drove to Windsor
In 2013, this country lifted their ban on premium tequila.
China
In 2 words, why are so few top global companies retailers?
High __________ & Low ____________
Volume
Margin
Which country put a limit of just 7 minutes (average) of commercials per hour?
United Kingdom
Why might a seller want to ship a product into a foreign country disassembled?
Tariffs on PARTS are often lower than on FINISHED goods.
Name ONE of the stated reasons for the CAD reaching parity with the USD.
High commodity prices (good for Canada)
Weakness of USD overall
Strength of Canadian economy
Canadian fiscal surplus
This spirit has Dutch origin and has been known as "mother's ruin".
Gin