Which of the following is the first step in a typical international trade transaction?
A. The exporter agrees to ship under a letter of credit and specifies relevant information such as prices and delivery terms.
B. The importer applies to a trusted third party (usually a bank) for a letter of credit to be issued in favor of the exporter for the merchandise the importer wishes to buy.
C. The importer places an order with the exporter and asks the exporter if he would be willing to ship under a letter of credit.
D. The exporter ships the goods to the importer on a common carrier. An official of the carrier gives the exporter a bill of lading.
E. The trusted third party (usually a bank) issues a letter of credit in the importer's favor and sends it to the exporter's bank.
C
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Each phase of the marketing research process is important. If in the first phase of the process the problem is identified, what is done after that but before data is collected?
A) Determine the solution to the problem, identify relevant information sources and evaluate data collection methods B) Determine what information is needed, identify relevant information sources, and evaluate data collection methods C) Determine the solution to the problem, determine what information is needed, and identify relevant information sources. D) Determine what information is needed, evaluate data collection methods, and analyze the data
Which of the following statements regarding the free market view is true?
A. According to the free market view, MNEs decrease the overall efficiency of the world economy. B. The free market view argues that FDI is a benefit to both the source country and the host country. C. According to the free market view, MNEs can never be instruments of economic development, only of economic domination. D. According to the free market view, FDI is beneficial to the host country of an MNE but it is harmful for the home country of the MNE. E. The free market view traces its roots to Marxist political and economic theory.