The development of the fair trade (ft) label came when producers realized _____.

the answer is not It can help people in wealthiernations learn about cultures other than their own.What is a benefit of globalizationthat is not related to business?It is a means by which wealthier nations helpstruggling nations with health and sanitationtechnologies.Outsourcing occurswhen _____.the answer is not a company works with amiddleman to market and sell its products in othercountriesOutsourcing occurswhen _____.an existing job is moved fromone nation to anotherA growth rate of less than _____is considered poor.3%

_____ increased its GDP per capita relativelyquickly, in just forty years, because ofglobalization.south koreaWhen a company manufactures components for aproduct in several nations, then ships thecomponents to another nation for assembly, it isutilizing _____.the answer is not a multinationalcorporationWhen a company manufactures components for aproduct in several nations, then ships thecomponents to another nation for assembly, it isutilizing _____.a global assembly lineTrue or False: Companies that begin exportingusually do so first because of an unexpectedinternational order.trueMost companies take their firststep into globalization by _____.exporting their products to othercountries

When companies choose tolocalize marketing, it is mostlikely because _____.their customers respond tobrands that reflect their regionsWhat is an advantage forcustomers when a companyuses standardized marketing?lower pricesTypically, the least profitable wayfor a company to enter a foreignmarket is _____.licensingThe vast majority of companiesengage in foreign directinvestment by way of _____.mergers or acquisitionsWhich of the following is anexample of a nontariff barrier?Rule of originregulations

What is the goal of theWTO?Lower barriers to internationaltrade for all nationsProtectionism is a country’sefforts to _____.reduce or blockinternational tradeThe development of the FairTrade (FT) label came whenproducers realized _____.they needed to access a muchlarger marketThe success of the FT labelrelies, in part, on _____.the answer is not the cooperationof larger producersThe success of the FT labelrelies, in part, on _____.a sense of solidarity betweenconsumers and producers

What was an initial benefit of theFree Trade network forproducers?Technical assistance and socialpremium for communitydevelopment effortsWhat is the purpose of “charitytrade” initiatives?Consumers buy imported handmade items frompeople who need help, thus giving them money tosupport their recovery.The _____ strategy describes how the targetmarket will be impacted by what the company willoffer to the market.productA detailed, step-by-step description of what needsto happen, when it needs to happen, and who’sresponsible for each step to execute themarketing campaign is included in the _____plan.

Since many small businesses lackdiscipline in marketing strategy, _____ oftenrequire them to have marketing plans inplace.corporate partnerslending institutionsgovernment agenciesretailers and wholesalersWhich of the following is a likely result ofprotectionist policies?

How will you demonstrate good corporatecitizenship?Which of the following are NOT

advantages of licensing and franchising asstrategies for entering the global market?Licensing and franchising offer aTrue or False:Globalizationrefers

Licensing and franchising are the mostprofitable ways to enter the global market.exclusively to the marketing of a company’sproducts in countries other than those inwhich the products are produced.

A corporate marketing plan is most oftencreated to _____.

Consumers in the country pay less forproducts and services.

Consumers in the country pay more forproducts.

Consumers in the country have access tomore products they want.

Which of the following is a reason whythe gap between a county’s GDP and GNPmight be large?

How will you impact your target market?The country may not be engaged in tradewith other countries.

cover a specific period of timecover a specific market segmentpromote specific brands or productspromote the organization as a wholeIt is critical to _____ when creating aPowerPoint presentation.What is a benefit of globalization that isnot related to business?they could effectively compete withcorporate producerspeople were willing to pay more for FTproductsthere was a new interest in the plight ofsmall producers

supportregulateinterfere withcommunicate with

What is the goal of the WTO?Find ways for smaller, less developednations to enter international trade

The development of the Fair Trade (FT)label came when producers realized _____.they needed to access a much largermarket

What is the first task for the marketer in determining a pricing policy?

Which nations have the advantage in globalization?

What is one reason the European Union is an economic union rather than just a common market?

What is the purpose of charity trade initiatives?